NICHOLAS ASSOCIATES GROUP LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -0.2%

  £76,200,320 → £76,031,256

• Cash

  +133.8%

  £636,586 → £1,488,506

  highest in 3 filed years

• Net assets

  -55.6%

  £2,343,655 → £1,040,056

• Employees

  -14.8%

  3,479 → 2,965

  lowest in 3 filed years

• Operating profit

  -202.8%

  £857,025 → -£881,057

• Profit before tax

  -536.6%

  £314,698 → -£1,373,982

  lowest in 3 filed years

• Wages

  +13.6%

  £8,802,071 → £10,000,184

  highest in 3 filed years

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

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.

1. NICHOLAS ASSOCIATES GROUP LIMITED 2016-03-01 → present
2. STAFFORCE PERSONNEL LIMITED 1999-01-14 → 2016-03-01
3. NICHOLAS ASSOCIATES LEISURE LIMITED 1998-07-29 → 1999-01-14

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Xeinadin Audit Ltd

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 in preparing the financial statements.”

Group structure

1. NICHOLAS ASSOCIATES GROUP LIMITED · parent
   1. Action 4 Businss Ltd 100% · UK
   2. Cenfra Limited 100% · UK
   3. Relay Recruitment Limited 100% · UK
   4. Apprentice Employment Agency Limited 100% · UK
   5. The Centre for Food Robotics amd Automation Limited 100% · UK
   6. Titans Rugby Limited 79.82% · UK

Significant events

• “Initial investment aimed at expanding the UK Stafforce business was reversed in the second half of 2024, as it became clear that: (i) the anticipated economic recovery in the UK would not materialise, and (ii) the new Government's proposed policies, including increased costs for UK businesses, were likely to result in stagnation or even recession.”
• “In late 2024, a strategic shift was made to move away from acquiring high-volume, low-margin clients. Instead, the focus was redirected towards our Branch and Ports-based operations, where significantly higher margins are achievable.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.