NICHOLAS ASSOCIATES GROUP LIMITED
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Cash
£948k
-36.3% vs 2024
Net assets
£919k
-11.7% lowest in 3 filed years
Employees
3,079
+3.8% vs 2024
Profit before tax
-£121k
+91.2% vs 2024
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £76,200,320 | £76,031,256 | £76,487,534 | +0.6% | |
| Operating profit | £857,025 | -£881,057 | £383,969 | +143.6% | |
| Profit before tax | £314,698 | -£1,373,982 | -£121,459 | +91.2% | |
| Net profit | £258,917 | -£1,303,599 | -£121,459 | +90.7% | |
| Cash | £636,586 | £1,488,506 | £948,164 | -36.3% | |
| Total assets less current liabilities | £2,343,655 | £1,040,056 | — | — | |
| Net assets | £2,343,655 | £1,040,056 | £918,597 | -11.7% | |
| Equity | £2,343,655 | £1,040,056 | £918,597 | -11.7% | |
| Average employees | 3,479 | 2,965 | 3,079 | +3.8% | |
| Wages | £8,802,071 | £10,000,184 | £9,372,940 | -6.3% | |
| Directors' remuneration | £374,621 | £696,610 | £534,068 | -23.3% | |
| Directors' pension contributions | £74,192 | £121,272 | £81,038 | -33.2% | |
| Highest paid director | £99,250 | £195,834 | £205,000 | +4.7% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 1.1% | -1.2% | 0.5% | |
| Net margin | 0.3% | -1.7% | -0.2% | |
| Return on capital employed | 36.6% | -84.7% | — | |
| Gearing (liabilities / total assets) | 88.7% | 94.2% | 95.0% | |
| Current ratio | 1.10x | 1.02x | 1.02x | |
| Interest cover | 1.58x | -1.79x | 0.76x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 2 times since incorporation
- NICHOLAS ASSOCIATES GROUP LIMITED 2016-03-01 → present
- STAFFORCE PERSONNEL LIMITED 1999-01-14 → 2016-03-01
- NICHOLAS ASSOCIATES LEISURE LIMITED 1998-07-29 → 1999-01-14
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Xeinadin Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting”
Group structure
- NICHOLAS ASSOCIATES GROUP LIMITED · parent
- Action 4 Business Limited 100%
- Apprentice Employment Agency Limited 100%
- Titans Rugby Limited 41.66%
- Titans Rugby Ltd 38.16%
Significant events
- “The company owned 100% of the ordinary share capital in Cenfra Limited and Relay Recruitment Limited. These companies were dissolved in January 2026 and the investment in them has therefore been impaired in these financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ALLEN, Bruce John | Director | 2006-12-05 | Sep 1966 | British |
| BRAMMER, Paul Michael | Director | 2012-05-02 | Oct 1973 | British |
| CRAGG, Nicholas George William | Director | 1998-11-30 | May 1949 | British |
| SMITH, Paul Anthony | Director | 2024-03-01 | Mar 1969 | British |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COOK, Maureen Anne | Secretary | 2002-01-01 | 2011-03-25 |
| CRAGG, Marie | Secretary | 2008-11-17 | 2022-12-31 |
| HARRIS, Vera Jane | Secretary | 1998-11-30 | 2008-02-01 |
| HIGHSTONE SECRETARIES LIMITED | Corporate Nominee Secretary | 1998-07-29 | 1998-11-30 |
| ANDERSON, Ian Taylor | Director | 2007-04-20 | 2014-07-01 |
| BOORMAN, Anthony Newton | Director | 2011-12-22 | 2024-04-08 |
| CRAGG, Marie | Director | 2008-09-01 | 2008-11-17 |
| GAINSFORD, Lisa Helen | Director | 2016-05-01 | 2021-02-01 |
| KENDALL, Kelly Louise | Director | 2024-04-10 | 2025-03-14 |
| STREET, Steven Dominic | Director | 2011-12-22 | 2012-10-12 |
| WEBB-HODGES, Patricia | Director | 1999-04-30 | 2005-11-30 |
| WILSON, James Richard | Director | 2006-12-05 | 2009-01-13 |
| HIGHSTONE DIRECTORS LIMITED | Corporate Nominee Director | 1998-07-29 | 1998-11-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Nicholas Associates Holdings Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 119 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-29 | AA | accounts | Accounts with accounts type full | |
| 2026-06-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-09-08 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-09-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-06-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-21 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-07 | AA | accounts | Accounts with accounts type full | |
| 2024-06-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-12 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-12 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-11 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-11-29 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-11-20 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-11-15 | CH01 | officers | Change person director company with change date | |
| 2023-10-16 | AA | accounts | Accounts with accounts type full | |
| 2023-06-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-06 | AA | accounts | Accounts with accounts type full | |
| 2022-06-06 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.