NITUMEN GROUP LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-01-14 (in 8mo)
Last made up 2025-12-31
Watchouts
None on the register
Cash
£859K
Latest balance sheet
Net assets
£6M
Equity attributable
Employees
37
Average over period
Profit before tax
-£163K
Period ending 2024-12-31
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £22,842,150 | £20,293,235 | |
| Operating profit | £2,084,565 | £289,418 | |
| Profit before tax | £1,411,193 | -£162,830 | |
| Net profit | £756,921 | -£420,233 | |
| Cash | £1,000,788 | £859,192 | |
| Total assets less current liabilities | £9,757,195 | £9,145,823 | |
| Net assets | £6,742,846 | £6,343,852 | |
| Equity | £6,742,846 | £6,343,852 | |
| Average employees | 40 | 37 | |
| Wages | £2,627,884 | £2,689,280 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 9.1% | 1.4% | |
| Net margin | 3.3% | -2.1% | |
| Return on capital employed | 21.4% | 3.2% | |
| Gearing (liabilities / total assets) | 55.2% | 54.1% | |
| Current ratio | 1.69x | 1.92x | |
| Interest cover | 3.01x | 0.64x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Group and Parent Company's going concern is, by virtue of its reliance on a subsidiary's finance arrangement, intrinsically linked to the wider group headed by Nitumen Group Limited and its combined compliance with covenants. Going concern, by nature, is based on future estimated performance, and as such, despite the combined group's anticipated strong levels of profitability, the current debt arrangements in place set a high covenant requirement in relation to future profitability which, if the estimates vary could result in a future covenant breach event.”
Group structure
- NITUMEN GROUP LIMITED · parent
- Nitumen Limited 100%
- Candumen Limited 100%
- Iconic London (Holdings) Limited 100%
- Iconic London Inc 100%
- @ICONICLDN Ltd 100%
- Iconic London Ltd 100%
Significant events
- “Following a trend of consistent growth in prior years, in 2024 sales of the Group declined by 11% year on year. The 2024 drop in sales can be explained by a number of contributing factors.”
- “The Group has experienced increasing supply chain related disruption and operating costs including higher shipping costs, higher importation costs, transportation disruption, some shortages of and increased costs of some raw materials used in product manufacture.”
- “The Group had no capital commitments (2023 - £34,431 in respect of software development).”
- “In March 2025 a new licence agreement was signed with the existing licensor of the Group's office space for ongoing rental of the office from 1st June 2025 for a 2 year period until 31st May 2027. The total cost committed to under the agreement for the two year period is £105,800.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DI SPIEZIO SARDO, Emilio | Director | 2018-12-21 | Mar 1977 | Italian |
| JONES, Nicholas Roger John | Director | 2023-07-10 | Nov 1980 | British |
| KREBS, Philipp | Director | 2024-04-30 | Jun 1992 | German |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ANATRIELLO, Marco | Director | 2018-12-21 | 2020-08-07 |
| CAPELLO, Marco | Director | 2018-12-21 | 2020-08-07 |
| ROJAHN, Constantin Jobst Georg | Director | 2018-12-21 | 2024-04-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bluegem Ii Gp Lp | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-12-21 | Active |
Filing timeline
Last 20 of 33 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-12-31 MA Memorandum articles
- 2024-12-23 RESOLUTIONS Resolution
- 2023-01-05 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-15 | AA | accounts | Accounts with accounts type group | |
| 2025-01-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-31 | MA | incorporation | Memorandum articles | |
| 2024-12-23 | RESOLUTIONS | resolution | Resolution | |
| 2024-11-13 | AA | accounts | Accounts with accounts type group | |
| 2024-05-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-30 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-21 | CH01 | officers | Change person director company with change date | |
| 2023-11-08 | AA | accounts | Accounts with accounts type group | |
| 2023-07-12 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-23 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-01-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-01-05 | RESOLUTIONS | resolution | Resolution | |
| 2022-12-21 | SH01 | capital | Capital allotment shares | |
| 2022-12-14 | CH01 | officers | Change person director company with change date | |
| 2022-08-18 | AA | accounts | Accounts with accounts type group | |
| 2021-12-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-08 | AD01 | address | Change registered office address company with date old address new address |
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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31