adecco uk limited
adecco uk limited Company Information
Company Number
00593232
Next Accounts
Sep 2025
Shareholders
olsten (uk) holdings ltd
Group Structure
View All
Industry
Temporary employment agency activities
Registered Address
10 bishops square, london, E1 6EG
Website
www.adecco.co.ukadecco uk limited Estimated Valuation
Pomanda estimates the enterprise value of ADECCO UK LIMITED at £211.8m based on a Turnover of £599.6m and 0.35x industry multiple (adjusted for size and gross margin).
adecco uk limited Estimated Valuation
Pomanda estimates the enterprise value of ADECCO UK LIMITED at £0 based on an EBITDA of £-4.1m and a 5.5x industry multiple (adjusted for size and gross margin).
adecco uk limited Estimated Valuation
Pomanda estimates the enterprise value of ADECCO UK LIMITED at £46.7m based on Net Assets of £30m and 1.56x industry multiple (adjusted for liquidity).
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Adecco Uk Limited Overview
Adecco Uk Limited is a live company located in london, E1 6EG with a Companies House number of 00593232. It operates in the temporary employment agency activities sector, SIC Code 78200. Founded in November 1957, it's largest shareholder is olsten (uk) holdings ltd with a 100% stake. Adecco Uk Limited is a mature, mega sized company, Pomanda has estimated its turnover at £599.6m with declining growth in recent years.
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Adecco Uk Limited Health Check
Pomanda's financial health check has awarded Adecco Uk Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
5 Weak
Size
annual sales of £599.6m, make it larger than the average company (£16.5m)
£599.6m - Adecco Uk Limited
£16.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (6%)
-2% - Adecco Uk Limited
6% - Industry AVG
Production
with a gross margin of 13.4%, this company has a higher cost of product (18.5%)
13.4% - Adecco Uk Limited
18.5% - Industry AVG
Profitability
an operating margin of -1.6% make it less profitable than the average company (2.6%)
-1.6% - Adecco Uk Limited
2.6% - Industry AVG
Employees
with 1016 employees, this is above the industry average (56)
1016 - Adecco Uk Limited
56 - Industry AVG
Pay Structure
on an average salary of £56.5k, the company has an equivalent pay structure (£52.6k)
£56.5k - Adecco Uk Limited
£52.6k - Industry AVG
Efficiency
resulting in sales per employee of £590.1k, this is more efficient (£244.8k)
£590.1k - Adecco Uk Limited
£244.8k - Industry AVG
Debtor Days
it gets paid by customers after 55 days, this is near the average (46 days)
55 days - Adecco Uk Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 4 days, this is close to average (4 days)
4 days - Adecco Uk Limited
4 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Adecco Uk Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (6 weeks)
1 weeks - Adecco Uk Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 90.3%, this is a higher level of debt than the average (71.2%)
90.3% - Adecco Uk Limited
71.2% - Industry AVG
ADECCO UK LIMITED financials
Adecco Uk Limited's latest turnover from December 2023 is £599.6 million and the company has net assets of £30 million. According to their latest financial statements, Adecco Uk Limited has 1,016 employees and maintains cash reserves of £8.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 599,570,000 | 479,767,000 | 597,862,000 | 635,808,000 | 653,968,000 | 664,397,000 | 686,736,000 | 599,691,000 | 528,295,000 | 448,028,000 | 434,182,000 | 416,086,000 | 356,862,000 | 342,670,000 | 414,315,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 518,971,000 | 395,915,000 | 526,302,000 | 568,801,000 | 598,000,000 | 612,988,000 | 629,482,000 | 541,930,000 | 468,345,000 | 392,295,000 | 379,902,000 | 359,397,000 | 303,405,000 | 294,664,000 | 363,502,000 |
| Gross Profit | 80,599,000 | 83,852,000 | 71,560,000 | 67,007,000 | 55,968,000 | 51,409,000 | 57,254,000 | 57,761,000 | 59,950,000 | 55,733,000 | 54,280,000 | 56,689,000 | 53,457,000 | 48,006,000 | 50,813,000 |
| Admin Expenses | 89,938,000 | 84,076,000 | 73,747,000 | 76,316,000 | 67,898,000 | 72,909,000 | 66,357,000 | 55,442,000 | 52,184,000 | 50,986,000 | 53,820,000 | 58,950,000 | 54,425,000 | 54,079,000 | 54,342,000 |
| Operating Profit | -9,339,000 | -224,000 | -2,187,000 | -9,309,000 | -11,930,000 | -21,500,000 | -9,103,000 | 2,319,000 | 7,766,000 | 4,747,000 | 460,000 | -2,261,000 | -968,000 | -6,073,000 | -3,529,000 |
| Interest Payable | 17,000 | 29,000 | 7,000 | 34,000 | 698,000 | 674,000 | 772,000 | 725,000 | 740,000 | 861,000 | 968,000 | ||||
| Interest Receivable | 382,000 | 648,000 | 755,000 | 39,000 | 355,000 | 170,000 | 145,000 | 963,000 | 1,045,000 | 1,161,000 | 1,107,000 | 1,101,000 | 135,000 | 1,758,000 | 755,000 |
| Pre-Tax Profit | -8,974,000 | 424,000 | -1,461,000 | -9,277,000 | -11,609,000 | -21,346,000 | -8,958,000 | 2,584,000 | 8,137,000 | 5,133,000 | 842,000 | -1,900,000 | -672,000 | -5,068,000 | -2,799,000 |
| Tax | -407,000 | 218,000 | 1,760,000 | -743,000 | -776,000 | -2,172,000 | -715,000 | -548,000 | -1,003,000 | -2,486,000 | 1,583,000 | 890,000 | 2,327,000 | 3,204,000 | 1,533,000 |
| Profit After Tax | -9,381,000 | 642,000 | 299,000 | -10,020,000 | -12,385,000 | -23,518,000 | -9,673,000 | 2,036,000 | 7,134,000 | 2,647,000 | 2,425,000 | -1,010,000 | 1,655,000 | -1,864,000 | -1,266,000 |
| Dividends Paid | |||||||||||||||
| Retained Profit | -9,381,000 | 642,000 | 299,000 | -10,020,000 | -12,385,000 | -23,518,000 | -9,673,000 | 2,036,000 | 7,134,000 | 2,647,000 | 2,425,000 | -1,010,000 | 1,655,000 | -1,864,000 | -1,266,000 |
| Employee Costs | 57,374,000 | 63,476,000 | 46,188,000 | 42,316,000 | 44,299,000 | 45,870,000 | 47,230,000 | 43,952,000 | 43,189,000 | 43,087,000 | 42,103,000 | 40,934,000 | 39,690,000 | 34,528,000 | 38,088,000 |
| Number Of Employees | 1,016 | 1,188 | 948 | 1,069 | 1,001 | 1,083 | 1,051 | 1,033 | 1,044 | 951 | 977 | 952 | 996 | 590 | 1,018 |
| EBITDA* | -4,086,000 | 4,321,000 | 2,570,000 | -4,485,000 | -9,286,000 | -20,704,000 | -8,336,000 | 3,037,000 | 8,435,000 | 6,224,000 | 2,439,000 | -25,000 | 1,119,000 | -5,977,000 | 419,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 12,185,000 | 14,558,000 | 12,611,000 | 13,984,000 | 9,399,000 | 8,538,000 | 4,335,000 | 1,671,000 | 1,709,000 | 1,397,000 | 2,397,000 | 4,898,000 | 5,564,000 | 6,564,000 | 10,956,000 |
| Intangible Assets | 19,000 | 44,000 | 69,000 | ||||||||||||
| Investments & Other | 405,000 | 718,000 | 767,000 | 216,000 | 50,000 | ||||||||||
| Debtors (Due After 1 year) | 2,020,000 | 2,265,000 | 2,686,000 | 3,528,000 | 3,350,000 | 3,372,000 | 3,295,000 | 2,809,000 | 2,356,000 | ||||||
| Total Fixed Assets | 12,185,000 | 14,558,000 | 12,611,000 | 13,984,000 | 9,399,000 | 8,538,000 | 6,355,000 | 4,360,000 | 5,157,000 | 5,761,000 | 5,963,000 | 8,270,000 | 8,859,000 | 9,423,000 | 13,312,000 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 90,544,000 | 81,221,000 | 97,102,000 | 132,845,000 | 90,811,000 | 103,178,000 | 99,614,000 | 84,420,000 | 76,360,000 | 63,650,000 | 69,779,000 | 65,746,000 | 78,587,000 | 68,982,000 | 76,249,000 |
| Group Debtors | 184,736,000 | 360,542,000 | 358,599,000 | 623,594,000 | 592,648,000 | 489,374,000 | 496,390,000 | 450,288,000 | 323,051,000 | 265,992,000 | 165,516,000 | 109,248,000 | 104,997,000 | 58,314,000 | 23,544,000 |
| Misc Debtors | 12,016,000 | 11,329,000 | 12,400,000 | 17,707,000 | 12,487,000 | 9,750,000 | 8,540,000 | 8,309,000 | 7,471,000 | 9,486,000 | 8,767,000 | 9,518,000 | 10,451,000 | 5,439,000 | 2,626,000 |
| Cash | 8,500,000 | 7,598,000 | 5,320,000 | 3,479,000 | 23,869,000 | 93,683,000 | 107,069,000 | 115,087,000 | 122,227,000 | 120,129,000 | 136,150,000 | 145,765,000 | 101,264,000 | 13,427,000 | 26,697,000 |
| misc current assets | |||||||||||||||
| total current assets | 295,796,000 | 460,690,000 | 473,421,000 | 777,625,000 | 719,815,000 | 695,985,000 | 711,613,000 | 658,104,000 | 529,109,000 | 459,257,000 | 380,212,000 | 330,277,000 | 295,299,000 | 146,162,000 | 129,116,000 |
| total assets | 307,981,000 | 475,248,000 | 486,032,000 | 791,609,000 | 729,214,000 | 704,523,000 | 717,968,000 | 662,464,000 | 534,266,000 | 465,018,000 | 386,175,000 | 338,547,000 | 304,158,000 | 155,585,000 | 142,428,000 |
| Bank overdraft | 1,000 | 2,365,000 | 9,491,000 | 1,100,000 | 3,076,000 | 3,000 | 13,000 | 1,000 | 1,854,000 | 75,000 | 3,703,000 | ||||
| Bank loan | |||||||||||||||
| Trade Creditors | 6,710,000 | 8,728,000 | 7,085,000 | 9,944,000 | 11,598,000 | 11,783,000 | 11,408,000 | 13,511,000 | 5,748,000 | 10,257,000 | 11,868,000 | 3,954,000 | 5,690,000 | 5,886,000 | 5,618,000 |
| Group/Directors Accounts | 198,204,000 | 362,618,000 | 358,301,000 | 639,760,000 | 654,304,000 | 619,100,000 | 607,800,000 | 548,586,000 | 438,940,000 | 373,813,000 | 295,224,000 | 252,830,000 | 222,417,000 | 79,183,000 | 52,518,000 |
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 66,837,000 | 55,758,000 | 67,622,000 | 96,650,000 | 55,912,000 | 55,665,000 | 56,415,000 | 47,543,000 | 37,685,000 | 33,117,000 | 34,811,000 | 37,987,000 | 33,944,000 | 28,982,000 | 37,858,000 |
| total current liabilities | 271,752,000 | 429,469,000 | 442,499,000 | 747,454,000 | 724,890,000 | 686,551,000 | 675,636,000 | 609,640,000 | 482,374,000 | 419,041,000 | 341,978,000 | 298,474,000 | 262,051,000 | 114,051,000 | 95,994,000 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | 450,000 | 707,000 | 979,000 | 1,263,000 | 1,527,000 | 2,223,000 | |||||||||
| other liabilities | |||||||||||||||
| provisions | 5,283,000 | 4,495,000 | 1,928,000 | 2,096,000 | 1,643,000 | 1,807,000 | 2,092,000 | 1,932,000 | 1,846,000 | 2,126,000 | 2,265,000 | 2,439,000 | 2,963,000 | 3,440,000 | 6,268,000 |
| total long term liabilities | 6,254,000 | 5,341,000 | 2,030,000 | 5,015,000 | 2,376,000 | 3,920,000 | 3,760,000 | 2,911,000 | 3,109,000 | 3,653,000 | 4,488,000 | 2,939,000 | 3,588,000 | 3,440,000 | 6,970,000 |
| total liabilities | 278,006,000 | 434,810,000 | 444,529,000 | 752,469,000 | 727,266,000 | 690,471,000 | 679,396,000 | 612,551,000 | 485,483,000 | 422,694,000 | 346,466,000 | 301,413,000 | 265,639,000 | 117,491,000 | 102,964,000 |
| net assets | 29,975,000 | 40,438,000 | 41,503,000 | 39,140,000 | 1,948,000 | 14,052,000 | 38,572,000 | 49,913,000 | 48,783,000 | 42,324,000 | 39,709,000 | 37,134,000 | 38,519,000 | 38,094,000 | 39,464,000 |
| total shareholders funds | 29,975,000 | 40,438,000 | 41,503,000 | 39,140,000 | 1,948,000 | 14,052,000 | 38,572,000 | 49,913,000 | 48,783,000 | 42,324,000 | 39,709,000 | 37,134,000 | 38,519,000 | 38,094,000 | 39,464,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -9,339,000 | -224,000 | -2,187,000 | -9,309,000 | -11,930,000 | -21,500,000 | -9,103,000 | 2,319,000 | 7,766,000 | 4,747,000 | 460,000 | -2,261,000 | -968,000 | -6,073,000 | -3,529,000 |
| Depreciation | 5,253,000 | 4,545,000 | 4,757,000 | 4,824,000 | 2,644,000 | 796,000 | 748,000 | 693,000 | 644,000 | 1,477,000 | 1,979,000 | 2,236,000 | 2,087,000 | 96,000 | 3,948,000 |
| Amortisation | 19,000 | 25,000 | 25,000 | ||||||||||||
| Tax | -407,000 | 218,000 | 1,760,000 | -743,000 | -776,000 | -2,172,000 | -715,000 | -548,000 | -1,003,000 | -2,486,000 | 1,583,000 | 890,000 | 2,327,000 | 3,204,000 | 1,533,000 |
| Stock | |||||||||||||||
| Debtors | -165,796,000 | -15,009,000 | -306,045,000 | 78,200,000 | 93,644,000 | -4,262,000 | 61,282,000 | 135,714,000 | 66,912,000 | 95,244,000 | 59,528,000 | -9,446,000 | 61,786,000 | 30,769,000 | 104,775,000 |
| Creditors | -2,018,000 | 1,643,000 | -2,859,000 | -1,654,000 | -185,000 | 375,000 | -2,103,000 | 7,763,000 | -4,509,000 | -1,611,000 | 7,914,000 | -1,736,000 | -196,000 | 268,000 | 5,618,000 |
| Accruals and Deferred Income | 11,079,000 | -11,864,000 | -29,028,000 | 40,738,000 | -203,000 | -1,007,000 | 8,600,000 | 9,574,000 | 4,304,000 | -2,390,000 | -953,000 | 4,043,000 | 4,962,000 | -8,876,000 | 37,858,000 |
| Deferred Taxes & Provisions | 788,000 | 2,567,000 | -168,000 | 453,000 | -164,000 | -285,000 | 160,000 | 86,000 | -280,000 | -139,000 | -174,000 | -524,000 | -477,000 | -2,828,000 | 6,268,000 |
| Cash flow from operations | 171,152,000 | 11,894,000 | 278,320,000 | -43,891,000 | -104,258,000 | -19,531,000 | -63,676,000 | -115,802,000 | -59,965,000 | -95,646,000 | -48,719,000 | 12,094,000 | -54,051,000 | -44,978,000 | -53,079,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -405,000 | -313,000 | -49,000 | 551,000 | 216,000 | -50,000 | 50,000 | ||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -164,414,000 | 4,317,000 | -281,459,000 | -14,544,000 | 35,204,000 | 11,300,000 | 59,214,000 | 109,646,000 | 65,127,000 | 78,589,000 | 42,394,000 | 30,413,000 | 143,234,000 | 26,665,000 | 52,518,000 |
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 365,000 | 648,000 | 726,000 | 32,000 | 321,000 | 170,000 | 145,000 | 265,000 | 371,000 | 389,000 | 382,000 | 361,000 | 135,000 | 897,000 | -213,000 |
| cash flow from financing | -165,131,000 | 3,258,000 | -278,669,000 | 32,700,000 | 35,806,000 | 10,468,000 | 57,691,000 | 109,005,000 | 64,823,000 | 78,946,000 | 42,926,000 | 30,399,000 | 142,139,000 | 28,056,000 | 93,035,000 |
| cash and cash equivalents | |||||||||||||||
| cash | 902,000 | 2,278,000 | 1,841,000 | -20,390,000 | -69,814,000 | -13,386,000 | -8,018,000 | -7,140,000 | 2,098,000 | -16,021,000 | -9,615,000 | 44,501,000 | 87,837,000 | -13,270,000 | 26,697,000 |
| overdraft | -2,364,000 | -7,126,000 | 8,391,000 | -1,976,000 | 3,073,000 | -10,000 | 13,000 | -1,000 | -1,853,000 | 1,779,000 | -3,628,000 | 3,703,000 | |||
| change in cash | 3,266,000 | 9,404,000 | -6,550,000 | -18,414,000 | -72,887,000 | -13,376,000 | -8,031,000 | -7,139,000 | 3,951,000 | -17,800,000 | -5,987,000 | 40,798,000 | 87,837,000 | -13,270,000 | 26,697,000 |
adecco uk limited Credit Report and Business Information
Adecco Uk Limited Competitor Analysis
Perform a competitor analysis for adecco uk limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mega companies, companies in E 1 area or any other competitors across 12 key performance metrics.
adecco uk limited Ownership
ADECCO UK LIMITED group structure
Adecco Uk Limited has 1 subsidiary company.
Ultimate parent company
ADECCO GROUP AG
#0018891
2 parents
ADECCO UK LIMITED
00593232
1 subsidiary
adecco uk limited directors
Adecco Uk Limited currently has 4 directors. The longest serving directors include Mrs Alexandra Bishop (Sep 2013) and Mr Christophe Catoir (Jul 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Alexandra Bishop | England | 50 years | Sep 2013 | - | Director |
| Mr Christophe Catoir | England | 53 years | Jul 2020 | - | Director |
| Mrs Nicola Turner-Harding | England | 55 years | Aug 2021 | - | Director |
| Mr Nicholas De La Grense | England | 39 years | Jul 2023 | - | Director |
P&L
December 2023turnover
599.6m
+25%
operating profit
-9.3m
+4069%
gross margin
13.5%
-23.09%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
30m
-0.26%
total assets
308m
-0.35%
cash
8.5m
+0.12%
net assets
Total assets minus all liabilities
Similar Companies
adecco uk limited company details
company number
00593232
Type
Private limited with Share Capital
industry
78200 - Temporary employment agency activities
incorporation date
November 1957
age
68
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
adecco alfred marks limited (March 1999)
ecco employment agency limited (April 1997)
accountant
-
auditor
ERNST & YOUNG LLP
address
10 bishops square, london, E1 6EG
Bank
-
Legal Advisor
-
adecco uk limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 19 charges/mortgages relating to adecco uk limited. Currently there are 0 open charges and 19 have been satisfied in the past.
adecco uk limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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adecco uk limited Companies House Filings - See Documents
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