resource solutions limited
resource solutions limited Company Information
Company Number
02041065
Next Accounts
Sep 2025
Shareholders
robert walters holdings ltd
Group Structure
View All
Industry
Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
Registered Address
11 slingsby place, st martin's courtyard, london, WC2E 9AB
Website
www.resourcesolutions.comresource solutions limited Estimated Valuation
Pomanda estimates the enterprise value of RESOURCE SOLUTIONS LIMITED at £53.1m based on a Turnover of £162.3m and 0.33x industry multiple (adjusted for size and gross margin).
resource solutions limited Estimated Valuation
Pomanda estimates the enterprise value of RESOURCE SOLUTIONS LIMITED at £2.2m based on an EBITDA of £379k and a 5.8x industry multiple (adjusted for size and gross margin).
resource solutions limited Estimated Valuation
Pomanda estimates the enterprise value of RESOURCE SOLUTIONS LIMITED at £4.1m based on Net Assets of £3.2m and 1.28x industry multiple (adjusted for liquidity).
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Resource Solutions Limited Overview
Resource Solutions Limited is a live company located in london, WC2E 9AB with a Companies House number of 02041065. It operates in the other activities of employment placement agencies sector, SIC Code 78109. Founded in July 1986, it's largest shareholder is robert walters holdings ltd with a 100% stake. Resource Solutions Limited is a mature, mega sized company, Pomanda has estimated its turnover at £162.3m with declining growth in recent years.
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Resource Solutions Limited Health Check
Pomanda's financial health check has awarded Resource Solutions Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
5 Weak
Size
annual sales of £162.3m, make it larger than the average company (£10.8m)
£162.3m - Resource Solutions Limited
£10.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (6.6%)
-15% - Resource Solutions Limited
6.6% - Industry AVG
Production
with a gross margin of 20.2%, this company has a comparable cost of product (25.1%)
20.2% - Resource Solutions Limited
25.1% - Industry AVG
Profitability
an operating margin of 0.2% make it less profitable than the average company (3.9%)
0.2% - Resource Solutions Limited
3.9% - Industry AVG
Employees
with 356 employees, this is above the industry average (46)
356 - Resource Solutions Limited
46 - Industry AVG
Pay Structure
on an average salary of £60.4k, the company has an equivalent pay structure (£57k)
£60.4k - Resource Solutions Limited
£57k - Industry AVG
Efficiency
resulting in sales per employee of £456k, this is more efficient (£187.2k)
£456k - Resource Solutions Limited
£187.2k - Industry AVG
Debtor Days
it gets paid by customers after 65 days, this is later than average (45 days)
65 days - Resource Solutions Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 24 days, this is slower than average (9 days)
24 days - Resource Solutions Limited
9 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Resource Solutions Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (11 weeks)
0 weeks - Resource Solutions Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 97.3%, this is a higher level of debt than the average (67.4%)
97.3% - Resource Solutions Limited
67.4% - Industry AVG
RESOURCE SOLUTIONS LIMITED financials
Resource Solutions Limited's latest turnover from December 2023 is £162.3 million and the company has net assets of £3.2 million. According to their latest financial statements, Resource Solutions Limited has 356 employees and maintains cash reserves of £508 thousand 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 | 162,322,000 | 174,228,000 | 229,875,000 | 268,904,000 | 433,269,000 | 465,721,000 | 477,899,000 | 373,426,000 | 298,002,000 | 207,766,000 | 137,072,661 | 98,141,132 | 81,771,743 | 57,563,434 | 36,741,797 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 129,532,000 | 134,062,000 | 186,643,000 | 221,302,000 | 363,651,000 | 390,363,000 | 407,429,000 | 320,245,000 | 252,137,000 | 172,117,000 | 110,564,099 | 77,359,589 | 65,899,446 | 42,683,145 | 25,205,627 |
| Gross Profit | 32,790,000 | 40,166,000 | 43,232,000 | 47,602,000 | 69,618,000 | 75,358,000 | 70,470,000 | 53,181,000 | 45,865,000 | 35,649,000 | 26,508,562 | 20,781,543 | 15,872,297 | 14,880,289 | 11,536,170 |
| Admin Expenses | 32,503,000 | 40,741,000 | 41,096,000 | 44,810,000 | 59,833,000 | 65,295,000 | 58,159,000 | 49,719,000 | 42,311,000 | 34,343,000 | 25,788,783 | 20,294,855 | 13,910,434 | 13,844,782 | 10,582,952 |
| Operating Profit | 287,000 | -575,000 | 2,136,000 | 2,792,000 | 9,785,000 | 10,063,000 | 12,311,000 | 3,462,000 | 3,554,000 | 1,306,000 | 719,779 | 486,688 | 1,961,863 | 1,035,507 | 953,218 |
| Interest Payable | 1,000 | 10,000 | 4,000 | 17,000 | 1,000 | 133,725 | 427,961 | 164,325 | 37,550 | 7,224 | |||||
| Interest Receivable | 716,000 | 737,000 | 407,000 | 350,000 | 283,000 | 178,000 | 205,000 | 201,000 | 131,000 | 113,000 | 625 | ||||
| Pre-Tax Profit | 1,002,000 | 162,000 | 2,543,000 | 3,142,000 | 10,058,000 | 10,756,000 | 12,295,000 | 3,985,000 | 3,825,000 | 1,442,000 | 594,300 | 56,234 | 1,807,013 | 997,957 | 946,619 |
| Tax | -601,000 | -144,000 | -647,000 | -1,660,000 | -2,588,000 | -2,258,000 | -2,577,000 | -750,000 | -518,000 | -295,000 | -140 | -9,973 | 6,947 | 393,549 | -203,241 |
| Profit After Tax | 401,000 | 18,000 | 1,896,000 | 1,482,000 | 7,470,000 | 8,498,000 | 9,718,000 | 3,235,000 | 3,307,000 | 1,147,000 | 594,160 | 46,261 | 1,813,960 | 1,391,506 | 743,378 |
| Dividends Paid | 15,000,000 | 15,000,000 | 12,500,000 | 3,000,000 | |||||||||||
| Retained Profit | 401,000 | 18,000 | -13,104,000 | 1,482,000 | -7,530,000 | -4,002,000 | 9,718,000 | 3,235,000 | 3,307,000 | 1,147,000 | 594,160 | 46,261 | -1,186,040 | 1,391,506 | 743,378 |
| Employee Costs | 21,496,000 | 30,354,000 | 29,476,000 | 30,761,000 | 44,017,000 | 46,933,000 | 38,799,000 | 33,370,000 | 28,572,000 | 23,083,000 | 16,809,801 | 13,385,053 | 10,610,379 | 10,349,603 | 7,824,710 |
| Number Of Employees | 356 | 423 | 456 | 491 | 795 | 865 | 778 | 641 | 564 | 437 | 342 | 270 | 210 | 205 | 158 |
| EBITDA* | 379,000 | -471,000 | 2,433,000 | 3,155,000 | 10,661,000 | 10,356,000 | 13,203,000 | 3,890,000 | 3,637,000 | 1,342,000 | 752,095 | 511,611 | 2,064,379 | 1,190,609 | 1,100,072 |
* 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 | 209,000 | 253,000 | 47,000 | 182,000 | 357,000 | 2,160,000 | 2,883,000 | 2,663,000 | 1,484,000 | 217,000 | 181,377 | 91,645 | 30,615 | 127,697 | 234,325 |
| Intangible Assets | 48,000 | 96,000 | 122,000 | 150,000 | 1,288,000 | 1,659,000 | |||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | 1,038,906 | ||||||||||||||
| Total Fixed Assets | 257,000 | 349,000 | 169,000 | 332,000 | 1,645,000 | 2,160,000 | 2,883,000 | 2,663,000 | 1,484,000 | 217,000 | 1,220,283 | 91,645 | 30,615 | 127,697 | 234,325 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 28,939,000 | 40,548,000 | 36,838,000 | 37,480,000 | 49,886,000 | 88,483,000 | 85,032,000 | 108,217,000 | 77,720,000 | 64,812,000 | 65,161,602 | 47,037,007 | 36,727,211 | 35,664,837 | 19,484,215 |
| Group Debtors | 74,544,000 | 64,539,000 | 67,223,000 | 76,222,000 | 66,510,000 | 51,605,000 | 34,642,000 | 25,636,000 | 23,939,000 | 18,825,000 | 7,995,432 | 15,759,012 | 8,200,489 | 3,137,640 | |
| Misc Debtors | 15,301,000 | 18,874,000 | 19,237,000 | 32,368,000 | 27,330,000 | 15,503,000 | 14,109,000 | 12,183,000 | 15,528,000 | 15,042,000 | 9,012,781 | 1,358,042 | 2,097,963 | 1,934,732 | 2,359,270 |
| Cash | 508,000 | 583,000 | 236,000 | 12,683,000 | 320,000 | 593,000 | 369,000 | 1,005,000 | 423,000 | 336,000 | 75,672 | 60,211 | 99,610 | 95,418 | 1,094 |
| misc current assets | |||||||||||||||
| total current assets | 119,292,000 | 124,544,000 | 123,534,000 | 158,753,000 | 144,046,000 | 137,935,000 | 134,152,000 | 147,041,000 | 117,610,000 | 99,015,000 | 82,245,487 | 64,214,272 | 47,125,273 | 40,832,627 | 21,844,579 |
| total assets | 119,549,000 | 124,893,000 | 123,703,000 | 159,085,000 | 145,691,000 | 140,095,000 | 137,035,000 | 149,704,000 | 119,094,000 | 99,232,000 | 83,465,770 | 64,305,917 | 47,155,888 | 40,960,324 | 22,078,904 |
| Bank overdraft | 7,351,000 | 17,045,000 | 17,946,000 | 3,888,000 | 28,366,000 | 28,816,000 | 31,541,000 | 26,905,000 | 11,224,678 | 18,308,507 | 10,464,484 | 10,871,937 | 1,660,868 | ||
| Bank loan | |||||||||||||||
| Trade Creditors | 8,608,000 | 7,532,000 | 5,590,000 | 9,732,000 | 5,734,000 | 3,919,000 | 4,500,000 | 6,635,000 | 4,570,000 | 2,665,000 | 2,184,155 | 2,039,058 | 758,819 | 2,274,566 | 1,366,156 |
| Group/Directors Accounts | 38,521,000 | 26,742,000 | 32,358,000 | 31,538,000 | 30,076,000 | 25,894,000 | 10,362,000 | 7,385,000 | 5,706,000 | 5,737,000 | 3,152,834 | 3,290,962 | 3,086,332 | 1,912 | 2,791,845 |
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 61,844,000 | 70,572,000 | 67,289,000 | 101,982,000 | 77,369,000 | 77,595,000 | 68,546,000 | 91,805,000 | 65,815,000 | 55,715,000 | 60,091,932 | 34,673,571 | 27,242,852 | 21,022,468 | 10,761,903 |
| total current liabilities | 116,324,000 | 121,891,000 | 105,237,000 | 143,252,000 | 131,125,000 | 118,098,000 | 111,774,000 | 134,641,000 | 107,632,000 | 91,022,000 | 76,653,599 | 58,312,098 | 41,552,487 | 34,170,883 | 16,580,772 |
| loans | 15,708,000 | ||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 15,708,000 | ||||||||||||||
| total liabilities | 116,324,000 | 121,891,000 | 120,945,000 | 143,252,000 | 131,125,000 | 118,098,000 | 111,774,000 | 134,641,000 | 107,632,000 | 91,022,000 | 76,653,599 | 58,312,098 | 41,552,487 | 34,170,883 | 16,580,772 |
| net assets | 3,225,000 | 3,002,000 | 2,758,000 | 15,833,000 | 14,566,000 | 21,997,000 | 25,261,000 | 15,063,000 | 11,462,000 | 8,210,000 | 6,812,171 | 5,993,819 | 5,603,401 | 6,789,441 | 5,498,132 |
| total shareholders funds | 3,225,000 | 3,002,000 | 2,758,000 | 15,833,000 | 14,566,000 | 21,997,000 | 25,261,000 | 15,063,000 | 11,462,000 | 8,210,000 | 6,812,171 | 5,993,819 | 5,603,401 | 6,789,441 | 5,498,132 |
| 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 | 287,000 | -575,000 | 2,136,000 | 2,792,000 | 9,785,000 | 10,063,000 | 12,311,000 | 3,462,000 | 3,554,000 | 1,306,000 | 719,779 | 486,688 | 1,961,863 | 1,035,507 | 953,218 |
| Depreciation | 44,000 | 53,000 | 141,000 | 207,000 | 263,000 | 293,000 | 892,000 | 428,000 | 83,000 | 36,000 | 32,316 | 24,923 | 102,516 | 155,102 | 146,854 |
| Amortisation | 48,000 | 51,000 | 156,000 | 156,000 | 613,000 | ||||||||||
| Tax | -601,000 | -144,000 | -647,000 | -1,660,000 | -2,588,000 | -2,258,000 | -2,577,000 | -750,000 | -518,000 | -295,000 | -140 | -9,973 | 6,947 | 393,549 | -203,241 |
| Stock | |||||||||||||||
| Debtors | -5,177,000 | 663,000 | -22,772,000 | 2,344,000 | -21,273,000 | 31,216,000 | -12,253,000 | 28,849,000 | 18,508,000 | 15,470,279 | 19,054,660 | 17,128,398 | 6,288,454 | 18,893,724 | 21,843,485 |
| Creditors | 1,076,000 | 1,942,000 | -4,142,000 | 3,998,000 | 1,815,000 | -581,000 | -2,135,000 | 2,065,000 | 1,905,000 | 480,845 | 145,097 | 1,280,239 | -1,515,747 | 908,410 | 1,366,156 |
| Accruals and Deferred Income | -8,728,000 | 3,283,000 | -34,693,000 | 24,613,000 | -226,000 | 9,049,000 | -23,259,000 | 25,990,000 | 10,100,000 | -4,376,932 | 25,418,361 | 7,430,719 | 6,220,384 | 10,260,565 | 10,761,903 |
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | -2,697,000 | 3,947,000 | -14,277,000 | 27,762,000 | 30,935,000 | -14,650,000 | -2,515,000 | 2,346,000 | -3,384,000 | -18,319,366 | 7,260,753 | -7,915,802 | 487,509 | -6,140,591 | -8,818,595 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 11,779,000 | -5,616,000 | 820,000 | 1,462,000 | 4,182,000 | 15,532,000 | 2,977,000 | 1,679,000 | -31,000 | 2,584,166 | -138,128 | 204,630 | 3,084,420 | -2,789,933 | 2,791,845 |
| Other Short Term Loans | |||||||||||||||
| Long term loans | -15,708,000 | 15,708,000 | |||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 715,000 | 737,000 | 407,000 | 350,000 | 273,000 | 178,000 | 201,000 | 184,000 | 130,000 | 113,000 | -133,725 | -427,961 | -164,325 | -37,550 | -6,599 |
| cash flow from financing | 12,316,000 | -20,361,000 | 16,964,000 | 1,597,000 | 4,554,000 | 16,448,000 | 3,658,000 | 2,229,000 | 44,000 | 2,947,995 | -47,661 | 120,826 | 2,920,095 | -2,927,680 | 7,540,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -75,000 | 347,000 | -12,447,000 | 12,363,000 | -273,000 | 224,000 | -636,000 | 582,000 | 87,000 | 260,328 | 15,461 | -39,399 | 4,192 | 94,324 | 1,094 |
| overdraft | -9,694,000 | 17,045,000 | -17,946,000 | 14,058,000 | -24,478,000 | -450,000 | -2,725,000 | 4,636,000 | 15,680,322 | -7,083,829 | 7,844,023 | -407,453 | 9,211,069 | 1,660,868 | |
| change in cash | 9,619,000 | -16,698,000 | -12,447,000 | 30,309,000 | -14,331,000 | 24,702,000 | -186,000 | 3,307,000 | -4,549,000 | -15,419,994 | 7,099,290 | -7,883,422 | 411,645 | -9,116,745 | -1,659,774 |
resource solutions limited Credit Report and Business Information
Resource Solutions Limited Competitor Analysis
Perform a competitor analysis for resource solutions limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mega companies, companies in WC2E area or any other competitors across 12 key performance metrics.
resource solutions limited Ownership
RESOURCE SOLUTIONS LIMITED group structure
Resource Solutions Limited has no subsidiary companies.
Ultimate parent company
2 parents
RESOURCE SOLUTIONS LIMITED
02041065
resource solutions limited directors
Resource Solutions Limited currently has 2 directors. The longest serving directors include Mr Adam McDonnell (Aug 2018) and Mr David Bower (Sep 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Adam McDonnell | 47 years | Aug 2018 | - | Director | |
| Mr David Bower | 53 years | Sep 2023 | - | Director |
P&L
December 2023turnover
162.3m
-7%
operating profit
287k
-150%
gross margin
20.3%
-12.38%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
3.2m
+0.07%
total assets
119.5m
-0.04%
cash
508k
-0.13%
net assets
Total assets minus all liabilities
resource solutions limited company details
company number
02041065
Type
Private limited with Share Capital
industry
78109 - Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
incorporation date
July 1986
age
39
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
robert walters associates limited (September 2000)
robert walters associates (uk) limited (June 1996)
accountant
-
auditor
BDO LLP
address
11 slingsby place, st martin's courtyard, london, WC2E 9AB
Bank
BARCLAYS BANK PLC
Legal Advisor
SQUIRE PATTON BOGGS (UK) LLP
resource solutions 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 5 charges/mortgages relating to resource solutions limited. Currently there are 3 open charges and 2 have been satisfied in the past.
resource solutions 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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resource solutions limited Companies House Filings - See Documents
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