Company Overview
111 By Nico Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Thursday 15 February 2018, so this is a well established company. 111 By Nico Limited has been in business for 8 years and 1 month. The accounts status is audit exemption subsidiary and the accounts are next due on Tuesday 31 March 2026.
Registered Address

C/O Johnston Carmichael, 227 West George Street, Glasgow, G2 2ND
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Companies House Data
Company Name111 BY NICO LIMITED
Company NumberSC588880
Registered Office AddressC/O Johnston Carmichael
 227 West George Street
 G2 2ND
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date15/02/2018
Accounting Reference Date Day30
Accounting Reference Date Month6
Accounts Next Due Date31/03/2026
Accounts Last Made Up Date30/06/2024
Accounts Account CategoryAUDIT EXEMPTION SUBSIDIARY
Returns Next Due Date15/03/2019
Previous Company NameChanged Date
111 BY NICO LIMITED24 Nov 2025
Directors & Members
Show Resigned
Modou Diagne - Director
(Spanish, 32 years old, born March 1994)
Appointed 13 March 2020
 Active
Nico Simeone - Director
(British, 37 years old, born July 1989)
Appointed 15 February 2018
 Active
Secretaries
Show Resigned
Other Company Directorships
Modou Diagne
No companies found
Nico Simeone
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SIX BY NICO (ABERDEEN) LTD
SIX BY NICO (BELFAST) LIMITED
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SIX BY NICO (FITZROVIA) LIMITED
SIX BY NICO (GLASGOW) LIMITED
SIX BY NICO (HOLDINGS) LIMITED
SIX BY NICO (LIVERPOOL) LTD
SIX BY NICO (MANCHESTER) LIMITED
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Balance Sheet Unlock full report
Accounts Date 30-Jun-2024 03-Jul-2022 03-Jul-2021
Balance Sheet
Fixed Assets 89,127 89,127 109,557
Current Assets 703,277 703,277 636,819
Creditors Due Within One Year 395,575 395,575 462,657
Working Cap 307,702 307,702 174,162
Total Assets Less Current Liabilities 396,829 396,829 283,719
Long-term Liabilities 396,729 396,729 283,619
Net Assets 100 100 100
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 100 100 100
Common Size Financial Analysis Unlock full report
Accounts Date 30-Jun-2024 03-Jul-2022 03-Jul-2021
Tangible Fixed Assets - - -
Fixed Assets 11.2% 11.2% 14.7%
Stocks Inventory - - -
Debtors 85.7% 85.7% 84.6%
Cash Bank In Hand 2.5% 2.5% 0.2%
Current Assets 88.8% 88.8% 85.3%
Creditors Due Within One Year 49.9% 49.9% 62.0%
Net Current Assets Liabilities 38.8% 38.8% 23.3%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 0.0% 0.0% 0.0%
Capital Employed - - -
Total Assets Less Current Liabilities 50.1% 50.1% 38.0%
Financial Ratio Analysis Unlock full report
Accounts Date 30-Jun-2024 03-Jul-2022 03-Jul-2021
Liquidity Ratio 1.8 1.8 1.4
Solvency Ratio 1.0 1.0 1.0
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 2
Mortgages Outstanding 2
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 30-Jun-2024 03-Jul-2022 03-Jul-2021
Assets 792,404 792,404 746,376
Debt 792,304 792,304 746,276
Net Assets/Debt 100 100 100

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
Other Business around G2 2ND
THE RESEARCH CENTRE
Clockwise Offices Renfrew Street, Office 5:07, Glasgow, G2 2ND
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Document Filings
Confirmation statement made on 28 February 2026 with updates
Satisfaction of charge SC5888800001 in full
Satisfaction of charge SC5888800002 in full
Change of details for Mfmac Co 501 Ltd as a person with significant control on 24 November 2025
Certificate of change of name
Termination of appointment of Robert Michael Wirszycz as a director on 7 August 2025
Notification of Mfmac Co 501 Ltd as a person with significant control on 27 June 2025
Cessation of Sixco P.L.C as a person with significant control on 27 June 2025
Resolutions
Memorandum and Articles of Association
Audit exemption statement of guarantee by parent company for period ending 30/06/24
Consolidated accounts of parent company for subsidiary company period ending 30/06/24
Notice of agreement to exemption from audit of accounts for period ending 30/06/24
Confirmation statement made on 28 February 2025 with updates
Registered office address changed from C/O Johnston Carmichael West George Street Glasgow G2 2nd Scotland to C/O Johnston Carmichael 227 West George Street Glasgow G2 2nd on 31 January 2025
Registered office address changed from 227 West George Street Glasgow G2 2nd Scotland to C/O Johnston Carmichael West George Street Glasgow G2 2nd on 31 January 2025
Consolidated accounts of parent company for subsidiary company period ending 02/07/23
Notice of agreement to exemption from audit of accounts for period ending 02/07/23
Audit exemption statement of guarantee by parent company for period ending 02/07/23
Confirmation statement made on 28 February 2024 with updates
Change of details for Sixco Limited as a person with significant control on 5 February 2024
Termination of appointment of Rachael Rafferty as a director on 29 September 2023
Termination of appointment of Valentina Laura Simeone as a secretary on 29 September 2023
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