Nucore Group Ltd.

Nucore Group Ltd, based in Aberdeen, UK, is a sizable holding company with an active status, having been founded eleven years ago in 2013. Employing 134 people, the company operates from a real address and is overseen by four directors and two owners. It boasts an impressive Google rating of 5.0 based on one review. Nucore Group is a regular importer and exporter of machinery, boilers, and mechanical appliances; parts, with 35 months of import activity and 105 months of export activity, the latest being January 01, 2025.

The company positions itself as a provider of integrated engineering solutions specializing in hazardous environments, including oil and gas, marine, renewables, petrochemicals, and public sectors. Its website highlights expertise in HVAC, refrigeration, fire safety, security, and certified doors. Nucore Group brings together OTEAC (a safety specialist) and HVAC Refrigeration Engineering (heating, ventilation, air conditioning, and refrigeration) to offer a comprehensive suite of services, from design and installation to repair and maintenance. They even provide lifecycle solutions.

Financially, Nucore Group's recent report paints a mixed picture. While administrative expenses decreased by 20%, dropping to £5.5 million, bank borrowings surged by a staggering 150%, reaching £2 million. Cash reserves plummeted 76%, leaving only £160,000. However, creditors decreased slightly, suggesting improved debt management. Accumulated amortisation impairment intangible assets increased significantly, particularly in the area of goodwill, which is something to keep an eye on. The company's size (meeting two of three criteria for a large company: turnover over £36 million, balance sheet total over £18 million, and over 250 employees) means it’s likely subject to more scrutiny. The report was audited by Hall Morrice LLP.

Despite the challenges, Nucore Group's focus on specialized engineering solutions for hazardous environments, combined with its established presence in the Aberdeen area, suggests a degree of resilience. The recent expansion plans, including new offices in England, indicate ambition, but the financial pressures will need to be addressed to ensure long-term sustainability.

Registered in Scotland under the registration number SC450189, with a registered address at AB23 8AN, Aberdeen, Unit 4c The Core, Berryhill Crescent, Bridge Of Don.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.