NUCORE GROUP LTD.
Nucore Group Ltd is an Aberdeen-based provider of support services for petroleum and natural gas extraction, operating as a subsidiary of Nucore Group Holdings Limited.
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Cash
£165K
+2.2% vs 2024
Net assets
£2.5M
-19.9% vs 2024
Employees
135
+2.3% vs 2024
Profit before tax
-£636K
+49.6% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
We draw attention to Note 1 (Accounting Policies - Going Concern) in the financial statements, which indicates that the company incurred a loss of £624k during the year ended 31 May 2025, is in a net current liabilities position of £2.5 million, and relies on its debt financing facilities. As stated in Note 1, these events
-
Going-concern uncertainty disclosed
Net assets
2-year trend · vs Energy median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-05-31
| Metric | Trend | 2024-05-31 | 2025-05-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £17,253,118 | £17,739,510 | +2.8% | |
| Operating profit | -£914,405 | -£383,384 | +58.1% | |
| Profit before tax | -£1,263,962 | -£636,456 | +49.6% | |
| Net profit | -£1,263,962 | -£623,943 | +50.6% | |
| Cash | £161,607 | £165,149 | +2.2% | |
| Total assets less current liabilities | £3,320,554 | £2,834,111 | -14.6% | |
| Net assets | £3,129,929 | £2,505,986 | -19.9% | |
| Equity | £3,129,929 | £2,505,986 | -19.9% | |
| Average employees | 132 | 135 | +2.3% | |
| Wages | £6,743,635 | £7,095,434 | +5.2% | |
| Directors' remuneration | £601,723 | £748,145 | +24.3% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-05-31 | 2025-05-31 |
|---|---|---|---|
| Operating margin | -5.3% | -2.2% | |
| Net margin | -7.3% | -3.5% | |
| Return on capital employed | -27.5% | -13.5% | |
| Gearing (liabilities / total assets) | 70.7% | 72.9% | |
| Current ratio | 0.63x | 0.61x | |
| Interest cover | -2.62x | -1.51x |
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 2 times since incorporation
- NUCORE GROUP LTD. 2016-09-02 → present
- SCE INTERNATIONAL LIMITED 2016-02-11 → 2016-09-02
- DUNWILCO (1801) LIMITED 2013-05-16 → 2016-02-11
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Hall Morrice LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“We draw attention to Note 1 (Accounting Policies - Going Concern) in the financial statements, which indicates that the company incurred a loss of £624k during the year ended 31 May 2025, is in a net current liabilities position of £2.5 million, and relies on its debt financing facilities. As stated in Note 1, these events”
Group structure
- NUCORE GROUP LTD. · parent
- HVAC & Refrigeration Engineering Limited 100%
- Oteac Limited 100%
- Nucore Group EG S.A. 65%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BRYANT, Michael Thomas | Director | 2021-08-16 | Jul 1962 | British |
| SHARKEY, Colin Stuart | Director | 2025-06-26 | Jun 1971 | British |
| STRUTHERS, Shaun | Director | 2024-01-18 | May 1967 | British |
| WARD, Russell | Director | 2019-02-25 | Jul 1961 | English |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FINEGAN, Ross Arthur | Secretary | 2013-10-23 | 2021-06-01 |
| D.W. COMPANY SERVICES LIMITED | Corporate Secretary | 2013-05-16 | 2013-10-23 |
| BELL, Russell | Director | 2015-05-21 | 2019-05-14 |
| BROWN, Alexander James | Director | 2013-10-23 | 2022-02-08 |
| EVANS, Benjamin Russell | Director | 2013-10-01 | 2013-10-23 |
| FINEGAN, Ross Arthur | Director | 2013-10-01 | 2013-10-23 |
| FORBES, Gareth Thomas | Director | 2019-07-25 | 2020-06-12 |
| FRASER, Mark William | Director | 2018-07-04 | 2021-08-18 |
| GASPARRO, David | Director | 2013-10-23 | 2021-06-01 |
| HOGARTY, William | Director | 2013-10-23 | 2016-05-15 |
| LOCKHART, Colin John | Director | 2015-05-21 | 2016-05-15 |
| MOORE, John | Director | 2024-01-18 | 2025-06-26 |
| ROSE, Kenneth Charles | Director | 2013-05-16 | 2013-10-01 |
| SKIDMORE, Robert William | Director | 2013-10-23 | 2018-04-27 |
| STRUTHERS, Shaun | Director | 2015-05-21 | 2019-05-14 |
| THAIN, Angela | Director | 2015-05-21 | 2016-05-15 |
| THOMSON, Graham | Director | 2016-08-08 | 2019-02-18 |
| WILSON, Alan James Stark | Director | 2015-05-21 | 2019-02-13 |
| D.W. COMPANY SERVICES LIMITED | Corporate Director | 2013-05-16 | 2013-10-01 |
| D.W. DIRECTOR 1 LIMITED | Corporate Director | 2013-05-16 | 2013-10-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Natwest Fis Nominees Limited | Corporate entity | Shares 75–100% | 2021-06-01 | Ceased 2021-09-30 |
| Beechbrook Private Debt Iii General Partner Limited | Corporate entity | Significant influence | 2021-06-01 | Active |
| Nucore Group Holdings Limited | Corporate entity | Voting 75–100%, Appoints directors | 2021-06-01 | Active |
| Natwest Fis Nominees Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2021-06-01 |
Filing timeline
Last 20 of 130 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-20 | AA | accounts | Accounts with accounts type full | |
| 2026-05-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-14 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-14 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-19 | AA | accounts | Accounts with accounts type full | |
| 2024-06-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-18 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-18 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-20 | AA | accounts | Accounts with accounts type full | |
| 2023-07-19 | AA | accounts | Accounts with accounts type full | |
| 2023-05-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-05-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-05-29 | AD02 | address | Change sail address company with old address new address | |
| 2023-05-29 | AD04 | address | Move registers to registered office company with new address | |
| 2023-05-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-05-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-05-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-05-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-05-24 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.