WT NICOL LIMITED
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-03-31
Confirmation statement due
2027-01-05 (in 8mo)
Last made up 2025-12-22
Watchouts
Cash
£3M
+426.1% vs 2023
Net assets
-£30M
-14% vs 2023
Employees
609
+19.4% vs 2023
Profit before tax
-£4M
+29.8% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
We draw attention to note 2.2 in the financial statements, which indicates that following the expected sale of SHG (Care Villages) Limited, it is potentially the intention of the new owners to close a number of the companies within the Group, after transferring the trade and assets to other entities within the Group. As stated in note 2.2, these events or conditions, along with the other matters as set forth in note 2.2, indicate that a material uncertainty exists that may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern.
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Health Care median
Accounts
2-year trend · latest reflected 2024-03-31
| Metric | Trend | 2023-04-02 | 2024-03-31 |
|---|---|---|---|
| Turnover | £21,864,046 | £29,105,028 | |
| Operating profit | £997,720 | £4,151,278 | |
| Profit before tax | -£5,298,242 | -£3,719,448 | |
| Net profit | -£5,298,242 | -£3,735,448 | |
| Cash | £476,209 | £2,505,355 | |
| Total assets less current liabilities | £1,058,556 | -£29,929,392 | |
| Net assets | -£26,643,944 | -£30,379,392 | |
| Equity | -£26,643,944 | -£30,379,392 | |
| Average employees | 510 | 609 | |
| Wages | £10,074,915 | £13,304,681 | |
| Directors' remuneration | £299,234 | £280,767 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-03-31 vs 2023-04-02
-
Turnover
+33.1%
£21,864,046 £29,105,028
-
Cash
+426.1%
£476,209 £2,505,355
-
Net assets
-14%
-£26,643,944 -£30,379,392
-
Employees
+19.4%
510 609
-
Operating profit
+316.1%
£997,720 £4,151,278
-
Profit before tax
+29.8%
-£5,298,242 -£3,719,448
-
Wages
+32.1%
£10,074,915 £13,304,681
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-04-02 | 2024-03-31 |
|---|---|---|---|
| Operating margin | 4.6% | 14.3% | |
| Net margin | -24.2% | -12.8% | |
| Return on capital employed | 94.3% | -13.9% | |
| Current ratio | 0.05x | 0.07x | |
| Interest cover | 0.16x | 0.52x |
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 1 time since incorporation
- WT NICOL LIMITED 2024-11-13 → present
- SHG (CARE VILLAGES) LIMITED 2014-12-10 → 2024-11-13
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Sagars Accountants Ltd
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“We draw attention to note 2.2 in the financial statements, which indicates that following the expected sale of SHG (Care Villages) Limited, it is potentially the intention of the new owners to close a number of the companies within the Group, after transferring the trade and assets to other entities within the Group. As stated in note 2.2, these events or conditions, along with the other matters as set forth in note 2.2, indicate that a material uncertainty exists that may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern.”
Group structure
- WT NICOL LIMITED · parent
- Springfield Healthcare (The Grange) Limited 100%
- Springfield Healthcare (Harrogate) Limited 100%
- Springfield Healthcare (Ilkley) Limited 100%
- Springfield Healthcare (Beverley) Limited 100%
- Springfield Healthcare (The Chocolate Works) Limited 100%
- Springfield Healthcare (Seacroft Green) Limited 100%
- Springfield Healthcare (Grove House) Limited 100%
- Springfield Healthcare (Harcourt) Limited 100%
- Springfield Healthcare (CW Care Village) Limited 100%
- Springfield Healthcare (Keldgate) Limited 100%
- Springfield Healthcare (Mayfield View) Limited 100%
- Springfield Healthcare (Seacroft Grange) Limited 100%
- Springfield Healthcare (Green Care Centre) Limited 100%
Significant events
- “On 8 September 2024 a sale was agreed of SHG (Care Villages) Limited. At the point of approving these financial statements the transaction had been exchanged and following CQC approval on 27 September 2024 completion is unconditional. It is expected that the transaction will complete in the second week of October 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CSC CORPORATE SERVICES (UK) LIMITED | Corporate Secretary | 2024-10-07 | — | — |
| ISRAR, Qasim Raza | Director | 2024-10-07 | Jan 1977 | British |
| MANRIQUE CHARRO, Jorge | Director | 2024-10-07 | Dec 1986 | Spanish |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARKER, Ben Julius | Director | 2016-10-21 | 2019-11-05 |
| BEADLE, Mark Ronald Sydney | Director | 2019-12-04 | 2024-10-07 |
| BEADLE, Mark Ronald Sydney | Director | 2015-01-29 | 2017-12-07 |
| JACKSON, Timothy Roger | Director | 2016-01-22 | 2024-10-07 |
| JETTEN, Andrea | Director | 2016-01-22 | 2017-08-04 |
| LEE, Graeme | Director | 2014-12-10 | 2024-10-07 |
| PHILLIPS, Paul Rodney | Director | 2015-01-29 | 2024-10-07 |
| RIGBY, Mark Thomas | Director | 2019-11-05 | 2024-10-07 |
| TAYLOR, Richard David | Director | 2015-01-29 | 2016-10-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Wt Uk Opco 4 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-10-07 | Active |
| Mr Mark Ronald Sydney Beadle | Individual | Significant influence | 2019-04-24 | Ceased 2019-04-24 |
| Mr Graeme Stuart Lee | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2024-10-07 |
| Bgf Nominees Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2024-10-07 |
Filing timeline
Last 20 of 89 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-11-13 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-12-22 | AA01 | accounts | Change account reference date company previous extended | |
| 2025-01-03 | AD02 | address | Change sail address company with new address | |
| 2025-01-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-23 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-23 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2024-12-23 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-10 | AA | accounts | Accounts with accounts type group | |
| 2024-11-27 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-11-27 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-11-27 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-11-13 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-11-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-31 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-31 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-29 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-10-15 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-10-15 | MR04 | mortgage | Mortgage satisfy charge full |
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.