NIDEC SR DRIVES LTD.
Company number 01517273 · Monitor this company
Executive summary
Nidec SR Drives Ltd is a financially robust, debt-free R&D consultancy with an exceptionally strong balance sheet — £2.76M in cash against just £381k of total liabilities — and doubling profits in FY2025. Its health carries one structural caveat: 100% of income derives from its parent, Nidec Motor Holdings Corporation, which extracted roughly £2.37M in cash during FY2024 and could do so again. The overall assessment is A-: very healthy today, but its long-term prognosis is written in Tokyo and St. Louis as much as in Harrogate.
Shareholders' funds
£4,531,090
Balance sheet as at 2025-03-31
What it does
The principal activity of the company continued to be that of consultancy, design and development of electrical equipment, particularly in the field of electrical variable speed drives. To date, all engineering activities have been directed towards design and development of new technology and associated engineering for client organisations. No manufacturing has been undertaken on the company's own account.
The company's own description, from its latest filed accounts.
Overview
- Company type
- Private Limited Company
- Incorporated
- 1980-09-12
- Employees
- 16 (2025 accounts)
- Registered office
- Unit I-4b, Hornbeam Park Oval, Harrogate, England, HG2 8RB
- Postcode
- HG2 8RB
- Capital
- 134,146 GBP
- Accounts category
- Full
Accounts
- Last made up to
- 2025-03-31
- Next due by
- 2026-12-31
- Financial year end
- 31 March
Confirmation statement
- Last statement dated
- 2026-10-07
- Next due by
- 2027-10-21
Nature of business (SIC)
- 74909 Other professional, scientific and technical activities not elsewhere classified
Officers 6 current · 31 resigned
Group structure
Controlled by Nidec Motor Holdings Corporation (1300-01-046073) — since 2016-04-06
From persons-with-significant-control filings on the public register.
Previous company names
| Name | Date changed |
|---|---|
| SWITCHED RELUCTANCE DRIVES LIMITED | 2011-02-08 |
Previous registered addresses 3
| Address | Changed on |
|---|---|
| EAST PARK HOUSE, OTLEY ROAD, HARROGATE, NORTH YORKSHIRE, HG3 1PR | 2020-12-01 |
| SPRINGFIELD HOUSE, HYDE TERRACE, LEEDS, LS2 9LN | 1996-07-09 |
| LIVERPOOL HOUSE, 15-17 ELDON STREET, LONDON, EC2M 7LJ | 1987-09-15 |
Among its peers
Top 1%
by shareholders' funds, of 144 similar companies in HG
Among the biggest employers among its local peers (16 staff).
The oldest of its local peers, trading since 1980.
Competitors Harrogate
-
2. EVANSIS LTD
This company ranks 1 among other professional, scientific and technical activities not elsewhere classified in Harrogate.
The class of 1980
49%
of the 8,850 companies incorporated in 1980 are still active today; 42% have since been dissolved.
A fact about the year, not a forecast for this company.
Property in England & Wales 1 title
- Leasehold
- 1
- Most recent registration
- 2020-08-17
- Where
- North Yorkshire
| Title number | County | Tenure | Registered | Price paid |
|---|---|---|---|---|
| NYK478239 | North Yorkshire | Leasehold | 2020-08-17 | — |
For addresses and the authoritative register entry, use HM Land Registry's official search (£3 per title).
Information produced by HM Land Registry. © Crown copyright 2026. Dataset as at 2026-08.