adapt it recruitment limited
adapt it recruitment limited Company Information
Company Number
03836170
Next Accounts
Jun 2025
Industry
Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
Temporary employment agency activities
Directors
Shareholders
michael john king
Group Structure
View All
Contact
Registered Address
17, linford forum, rockingham drive, milton keynes, buckinghamshire, MK14 6LY
Website
www.adapt-itr.comadapt it recruitment limited Estimated Valuation
Pomanda estimates the enterprise value of ADAPT IT RECRUITMENT LIMITED at £228.9k based on a Turnover of £1.6m and 0.14x industry multiple (adjusted for size and gross margin).
adapt it recruitment limited Estimated Valuation
Pomanda estimates the enterprise value of ADAPT IT RECRUITMENT LIMITED at £24.9k based on an EBITDA of £11.6k and a 2.15x industry multiple (adjusted for size and gross margin).
adapt it recruitment limited Estimated Valuation
Pomanda estimates the enterprise value of ADAPT IT RECRUITMENT LIMITED at £63k based on Net Assets of £40.6k and 1.55x industry multiple (adjusted for liquidity).
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Adapt It Recruitment Limited Overview
Adapt It Recruitment Limited is a live company located in milton keynes, MK14 6LY with a Companies House number of 03836170. It operates in the other activities of employment placement agencies sector, SIC Code 78109. Founded in September 1999, it's largest shareholder is michael john king with a 100% stake. Adapt It Recruitment Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.6m with high growth in recent years.
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Adapt It Recruitment Limited Health Check
Pomanda's financial health check has awarded Adapt It Recruitment 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
2 Regular
5 Weak
Size
annual sales of £1.6m, make it smaller than the average company (£10.5m)
- Adapt It Recruitment Limited
£10.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (4.9%)
- Adapt It Recruitment Limited
4.9% - Industry AVG
Production
with a gross margin of 12.6%, this company has a higher cost of product (21.8%)
- Adapt It Recruitment Limited
21.8% - Industry AVG
Profitability
an operating margin of 0.7% make it less profitable than the average company (3.6%)
- Adapt It Recruitment Limited
3.6% - Industry AVG
Employees
with 4 employees, this is below the industry average (43)
- Adapt It Recruitment Limited
43 - Industry AVG
Pay Structure
on an average salary of £50.5k, the company has an equivalent pay structure (£50.5k)
- Adapt It Recruitment Limited
£50.5k - Industry AVG
Efficiency
resulting in sales per employee of £410.5k, this is more efficient (£204.4k)
- Adapt It Recruitment Limited
£204.4k - Industry AVG
Debtor Days
it gets paid by customers after 50 days, this is near the average (45 days)
- Adapt It Recruitment Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 47 days, this is slower than average (6 days)
- Adapt It Recruitment Limited
6 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Adapt It Recruitment Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Adapt It Recruitment Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 82.1%, this is a higher level of debt than the average (69.8%)
82.1% - Adapt It Recruitment Limited
69.8% - Industry AVG
ADAPT IT RECRUITMENT LIMITED financials
Adapt It Recruitment Limited's latest turnover from September 2023 is estimated at £1.6 million and the company has net assets of £40.6 thousand. According to their latest financial statements, we estimate that Adapt It Recruitment Limited has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | |||||||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 226,887 | 196,157 | 154,237 | 112,824 | 87,670 | 55,354 | 0 | 0 | 5,298 | 3,588 | 4,730 | 5,147 | 9,429 | 6,838 | 7,739 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 4,847 | 30,344 | 17,577 | 18,169 | 2,321 | 16,280 | 2,836 | 3,349 | 2,246 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 226,887 | 196,157 | 154,237 | 112,824 | 87,670 | 55,354 | 4,847 | 30,344 | 22,875 | 21,757 | 7,051 | 21,427 | 12,265 | 10,187 | 9,985 |
| total assets | 226,887 | 196,157 | 154,237 | 112,824 | 87,670 | 55,354 | 4,847 | 30,344 | 22,875 | 21,757 | 7,051 | 21,427 | 12,265 | 10,187 | 9,985 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 186,291 | 164,232 | 140,228 | 117,249 | 126,607 | 139,978 | 164,557 | 194,907 | 227,576 | 220,209 | 186,677 | 190,209 | 169,371 | 139,143 | 122,089 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 186,291 | 164,232 | 140,228 | 117,249 | 126,607 | 139,978 | 164,557 | 194,907 | 227,576 | 220,209 | 186,677 | 190,209 | 169,371 | 139,143 | 122,089 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 51,500 | 72,500 | 82,500 | 82,500 | 82,500 | 82,500 | 82,500 | 82,500 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 51,500 | 72,500 | 82,500 | 82,500 | 82,500 | 82,500 | 82,500 | 82,500 |
| total liabilities | 186,291 | 164,232 | 140,228 | 117,249 | 126,607 | 139,978 | 164,557 | 246,407 | 300,076 | 302,709 | 269,177 | 272,709 | 251,871 | 221,643 | 204,589 |
| net assets | 40,596 | 31,925 | 14,009 | -4,425 | -38,937 | -84,624 | -159,710 | -216,063 | -277,201 | -280,952 | -262,126 | -251,282 | -239,606 | -211,456 | -194,604 |
| total shareholders funds | 40,596 | 31,925 | 14,009 | -4,425 | -38,937 | -84,624 | -159,710 | -216,063 | -277,201 | -280,952 | -262,126 | -251,282 | -239,606 | -211,456 | -194,604 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 30,730 | 41,920 | 41,413 | 25,154 | 32,316 | 55,354 | 0 | -5,298 | 1,710 | -1,142 | -417 | -4,282 | 2,591 | -901 | 7,739 |
| Creditors | 22,059 | 24,004 | 22,979 | -9,358 | -13,371 | -24,579 | -30,350 | -32,669 | 7,367 | 33,532 | -3,532 | 20,838 | 30,228 | 17,054 | 122,089 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | -51,500 | -21,000 | -10,000 | 0 | 0 | 0 | 0 | 0 | 82,500 |
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | -4,847 | -25,497 | 12,767 | -592 | 15,848 | -13,959 | 13,444 | -513 | 1,103 | 2,246 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | -4,847 | -25,497 | 12,767 | -592 | 15,848 | -13,959 | 13,444 | -513 | 1,103 | 2,246 |
adapt it recruitment limited Credit Report and Business Information
Adapt It Recruitment Limited Competitor Analysis
Perform a competitor analysis for adapt it recruitment limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in MK14 area or any other competitors across 12 key performance metrics.
adapt it recruitment limited Ownership
ADAPT IT RECRUITMENT LIMITED group structure
Adapt It Recruitment Limited has no subsidiary companies.
Ultimate parent company
ADAPT IT RECRUITMENT LIMITED
03836170
adapt it recruitment limited directors
Adapt It Recruitment Limited currently has 1 director, Mr Michael King serving since Jun 2000.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael King | England | 65 years | Jun 2000 | - | Director |
P&L
September 2023turnover
1.6m
+25%
operating profit
11.6k
0%
gross margin
12.6%
+4.25%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
40.6k
+0.27%
total assets
226.9k
+0.16%
cash
0
0%
net assets
Total assets minus all liabilities
adapt it recruitment limited company details
company number
03836170
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.
78200 - Temporary employment agency activities
incorporation date
September 1999
age
26
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
September 2023
previous names
N/A
accountant
-
auditor
-
address
17, linford forum, rockingham drive, milton keynes, buckinghamshire, MK14 6LY
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
adapt it recruitment 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 4 charges/mortgages relating to adapt it recruitment limited. Currently there are 3 open charges and 1 have been satisfied in the past.
adapt it recruitment 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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adapt it recruitment limited Companies House Filings - See Documents
| date | description | view/download |
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