NIC GROUP LIMITED Financials
- Company number
- 06971724CopyCopy
- Registered office
- Elizabeth House, Wigman Road, Nottingham, Nottinghamshire NG8 3HY
- Incorporated
- 24/07/2009
Company snapshot
- Status
- Active
- Employees
- 694 (2024)
- Latest financial data
- 2024
- Accounts type
- Group
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
-0.59%vs 20232023: £1.71M
Total Assets
-0.49%vs 20232023: £2.03M
Cash in Bank
-4.19%vs 20232023: £239.44K
Total Liabilities
No changevs 20232023: £326.29K
Employees
+8vs 20232023: 686
In 2024, NIC GROUP LIMITED reported net assets of £1.70M. The same filing shows total assets of £2.02M, cash in bank of £229.41K and total liabilities of £326.29K. Reported headcount was 694 in 2024. Net Assets fell from £1.71M in 2023 to £1.70M in 2024 (-0.59%). Okredo holds filed figures for 2021–2024; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
-0.59%from £1.71M in 2023Year-on-year change
Net Assets as filed for 2021–2024. Every figure in this chart is also in the financial history table.
3-year financial trend (2022–2024)
How the figures NIC GROUP LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
-0.6%vs 2022-0.3% a year compound (CAGR)
Cash in Bank
-4.2%vs 2022-2.1% a year compound (CAGR)
Total Assets
-0.5%vs 2022-0.2% a year compound (CAGR)
Total Liabilities
0%vs 20220% a year compound (CAGR)
Employees
-7.1%vs 2022-53Biggest decrease
Employees-7.1%
747 in 2022 to 694 in 2024
Every measure that changed in NIC GROUP LIMITED's filings between 2022 and 2024 fell. The steepest fall came in employee numbers, pointing to a smaller workforce, with net assets, cash in bank and total assets falling alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from NIC GROUP LIMITED's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 83.88%2024
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 16.12%2024
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 70.31%2024
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 11.34%2024
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for NIC GROUP LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | 2.18M | 1.71M | 1.71M | 1.70M |
| Total Assets£ | 2.56M | 2.03M | 2.03M | 2.02M |
| Cash in Bank£ | 46.05K | 239.44K | 239.44K | 229.41K |
| Total Liabilities£ | 370.38K | 326.29K | 326.29K | 326.29K |
| Employees | 784 | 747 | 686 | 694 |
NIC GROUP LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for NIC GROUP LIMITED covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
NIC GROUP LIMITED reported net assets of £1.70M for 2024. That compares with £1.71M in 2023, a change of -0.59%.
NIC GROUP LIMITED reported total assets of £2.02M for 2024. That compares with £2.03M in 2023, a change of -0.49%.
NIC GROUP LIMITED reported cash in bank of £229.41K for 2024. That compares with £239.44K in 2023, a change of -4.19%.
NIC GROUP LIMITED reported 694 employees in 2024, compared with 686 in 2023.
Between 2022 and 2024, NIC GROUP LIMITED's net assets fell by 0.6%, cash in bank fell by 4.2%, total assets fell by 0.5% and total liabilities was unchanged. Net assets contracted at 0.3% a year across the two years to 2024, from £1.71M to £1.70M. Reported headcount went from 747 in 2022 to 694 in 2024 (-53).
Okredo holds reported figures for the years 2021, 2022, 2023, 2024. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.