Nicholls Limited
Registered name: NICHOLLS LIMITED
Part of Brightwell Capital Limited groupNicholls Limited made £9.3m revenue and £392k profit in the year to 31 Mar 2025.
Nicholls Limited’s revenue fell 6% to £9.3m in the year to 31 Mar 2025, with £392k profit and 48 employees. The company is classified under “recovery of sorted materials” and is based in Ipswich; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Ipswich
- Age
- 11 yrs · since 2015
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £9.9m | £9.3m |
| Cost of sales | −£6.9m | −£7m |
| Gross profit | £3m | £2.3m |
| Operating profit | £2m | £42.8k |
| Profit before tax | £1.7m | −£56k |
| Profit after tax | £1.4m | £392k |
| Profit (best available) | £1.4m | £392k |
| Employees (average) | 49 | 48 |
| Ratios | ||
| Profit margin | 14% | 4.2% |
| Gross margin | 30.1% | 24.5% |
| Revenue per employee | £203k | £194k |
| Profit per employee | £28.3k | £8.2k |
| Growth (year on year) | ||
| Revenue growth | — | ▼6.1% |
| Profit growth | — | ▼71.8% |
| Headcount growth | — | ▼2% |
| Balance sheet — indirect signals, not revenue | ||
| Net assets | — | — |
| Source | Accounts · bulk data Nov 2025 | Accounts · bulk data Nov 2025 |
How the business works
- Profit margin
- 4.2%
- Profit ÷ revenue.
- Gross margin
- 24.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £194k
- Revenue ÷ average employees.
- Profit per employee
- £8.2k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▼2%
- Now 48
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Brightwell Capital Limitedultimate parent75–100%
- Brightwell Property Limited75–100%
- TRU7 Group Limited75–100%
- Nicholls Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (7)
- Tru Demolition LimitedRev. £9.4m · Profit £987k
- Tru Earthworks LtdRev. £6.8m · Profit £1.1m
- Bag Agg LimitedFigures not disclosed
- C D C Environmental LimitedFigures not disclosed
- Tru Henham Quarry LimitedFigures not disclosed
- Tru Mix LimitedFigures not disclosed
- TRU7 LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Mar 2025 (profit £392k), from the Companies House accounts bulk data published Nov 2025. Spotted an error? Request a correction.
Updated from Companies House on 23 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.