Nik’s Repairs Ltd
Registered name: NIK’S REPAIRS LTD
Nik’s Repairs Ltd made £8.4m revenue and £640k profit in the year to 31 Aug 2025.
Nik’s Repairs Ltd’s revenue grew 7% to £8.4m in the year to 31 Aug 2025, with £640k profit and 14 employees. The company is classified under “repair of electrical equipment” and is based in London; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 6 yrs · since 2020
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Aug 2023 | 31 Aug 2024 | 31 Aug 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £7m | £7.9m | £8.4m |
| Cost of sales | £5.7m | £6.5m | £6.8m |
| Gross profit | £1.3m | £1.4m | £1.5m |
| Operating profit | £500k | £611k | £660k |
| Profit before tax | £499k | £610k | £660k |
| Profit after tax | £498k | £583k | £640k |
| Profit (best available) | £498k | £583k | £640k |
| Employees (average) | 9 | 12 | 14 |
| Ratios | |||
| Profit margin | 7.1% | 7.4% | 7.6% |
| Gross margin | 18.3% | 17.5% | 18.1% |
| Revenue per employee | £776k | £655k | £598k |
| Profit per employee | £55.3k | £48.5k | £45.7k |
| Growth (year on year) | |||
| Revenue growth | — | ▲12.4% | ▲6.5% |
| Profit growth | — | ▲17% | ▲9.9% |
| Headcount growth | — | ▲33.3% | ▲16.7% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £105k | £285k | £716k |
| Net assets | £829k | £1.4m | £2.1m |
| Fixed assets | £805k | £984k | £1.3m |
| Current assets | £450k | £911k | £1.5m |
| Debtors | £267k | £513k | £559k |
| Source | FullAccounts · bulk data May 2025 | FullAccounts · bulk data May 2025 | FullAccounts · bulk data Jun 2026 |
How the business works
- Profit margin
- 7.6%
- Profit ÷ revenue.
- Gross margin
- 18.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £598k
- Revenue ÷ average employees.
- Profit per employee
- £45.7k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 15.3%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 6.7%
- 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
- ▲45%
- Now £2.1m
- Cash at bank
- ▲152%
- Now £716k
- Headcount
- ▲17%
- Now 14
- Deferred income
- —
- Now —
- Fixed assets
- ▲30%
- Now £1.3m
Similar profitable businesses
- Transerv Europe LimitedStafford · Repair of electrical equipment
- Revenue
- £8.4m
- Profit
- £1.1m
- Staff
- 23
- Alternative Enterprises LimitedTrinity Way Chingford · Repair of electrical equipment
- Revenue
- £7.9m
- Profit
- £1.2m
- Staff
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- Marren Microwave LimitedNorthampton · Repair of electrical equipment
- Revenue
- £10m
- Profit
- £185k
- Staff
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- Holloway Control Systems LimitedTelford · Repair of electrical equipment
- Revenue
- £10.1m
- Profit
- £406k
- Staff
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- Curran IT & Electrical Services LimitedOxted · Repair of electrical equipment
- Revenue
- £10.6m
- Profit
- £290k
- Staff
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- Haste LimitedKingston Upon Thames · Repair of electrical equipment
- Revenue
- £12.8m
- Profit
- £501k
- Staff
- 149
Sources
Latest figures from FullAccounts for the year to 31 Aug 2025 (profit £640k), from the Companies House accounts bulk data published Jun 2026. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.