randstad sourceright limited
randstad sourceright limited Company Information
Company Number
03869709
Next Accounts
Sep 2025
Industry
Temporary employment agency activities
Shareholders
randstad uk holding ltd
Group Structure
View All
Contact
Registered Address
450 capability green, luton, bedfordshire, LU1 3LU
randstad sourceright limited Estimated Valuation
Pomanda estimates the enterprise value of RANDSTAD SOURCERIGHT LIMITED at £83.9m based on a Turnover of £300.6m and 0.28x industry multiple (adjusted for size and gross margin).
randstad sourceright limited Estimated Valuation
Pomanda estimates the enterprise value of RANDSTAD SOURCERIGHT LIMITED at £0 based on an EBITDA of £-3.1m and a 5.13x industry multiple (adjusted for size and gross margin).
randstad sourceright limited Estimated Valuation
Pomanda estimates the enterprise value of RANDSTAD SOURCERIGHT LIMITED at £0 based on Net Assets of £-14.4m and 1.64x industry multiple (adjusted for liquidity).
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Randstad Sourceright Limited Overview
Randstad Sourceright Limited is a live company located in bedfordshire, LU1 3LU with a Companies House number of 03869709. It operates in the temporary employment agency activities sector, SIC Code 78200. Founded in November 1999, it's largest shareholder is randstad uk holding ltd with a 100% stake. Randstad Sourceright Limited is a mature, mega sized company, Pomanda has estimated its turnover at £300.6m with high growth in recent years.
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Randstad Sourceright Limited Health Check
Pomanda's financial health check has awarded Randstad Sourceright Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
6 Weak
Size
annual sales of £300.6m, make it larger than the average company (£16.7m)
£300.6m - Randstad Sourceright Limited
£16.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (5.4%)
16% - Randstad Sourceright Limited
5.4% - Industry AVG
Production
with a gross margin of 11.8%, this company has a higher cost of product (18.3%)
11.8% - Randstad Sourceright Limited
18.3% - Industry AVG
Profitability
an operating margin of -1.1% make it less profitable than the average company (2.5%)
-1.1% - Randstad Sourceright Limited
2.5% - Industry AVG
Employees
with 535 employees, this is above the industry average (56)
535 - Randstad Sourceright Limited
56 - Industry AVG
Pay Structure
on an average salary of £60.9k, the company has an equivalent pay structure (£52.6k)
£60.9k - Randstad Sourceright Limited
£52.6k - Industry AVG
Efficiency
resulting in sales per employee of £561.8k, this is more efficient (£275.8k)
£561.8k - Randstad Sourceright Limited
£275.8k - Industry AVG
Debtor Days
it gets paid by customers after 65 days, this is later than average (45 days)
65 days - Randstad Sourceright Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (4 days)
0 days - Randstad Sourceright Limited
4 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Randstad Sourceright Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (4 weeks)
1 weeks - Randstad Sourceright Limited
4 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 121.4%, this is a higher level of debt than the average (73.1%)
121.4% - Randstad Sourceright Limited
73.1% - Industry AVG
RANDSTAD SOURCERIGHT LIMITED financials
Randstad Sourceright Limited's latest turnover from December 2023 is £300.6 million and the company has net assets of -£14.4 million. According to their latest financial statements, Randstad Sourceright Limited has 535 employees and maintains cash reserves of £2.2 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 | 300,583,000 | 309,351,000 | 265,104,000 | 192,666,000 | 181,592,000 | 190,887,000 | 172,630,000 | 132,210,000 | 94,786,000 | 96,491,000 | 105,630,000 | 67,195,206 | 34,110,455 | 21,844,155 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 265,150,000 | 275,364,000 | 237,928,000 | 176,154,000 | 161,753,000 | 170,406,000 | 155,405,000 | 116,980,000 | 80,930,000 | 84,723,000 | 96,583,000 | 60,985,545 | 30,498,963 | 17,210,974 | |
| Gross Profit | 35,433,000 | 33,987,000 | 27,176,000 | 16,512,000 | 19,839,000 | 20,481,000 | 17,225,000 | 15,230,000 | 13,856,000 | 11,768,000 | 9,047,000 | 6,209,661 | 3,611,492 | 4,633,181 | |
| Admin Expenses | 38,642,000 | 32,410,000 | 26,869,000 | 15,907,000 | 20,040,000 | 19,333,000 | 15,707,000 | 15,266,000 | 12,893,000 | 12,056,000 | 10,900,000 | 8,077,956 | 7,772,365 | 5,838,462 | |
| Operating Profit | -3,209,000 | 1,577,000 | 307,000 | 605,000 | -201,000 | 1,148,000 | 1,518,000 | -36,000 | 963,000 | -288,000 | -1,853,000 | -1,868,295 | -4,160,873 | -1,205,281 | |
| Interest Payable | 3,384,000 | 1,540,000 | 891,000 | 851,000 | 789,000 | 1,005,000 | 907,000 | 688,000 | 717,000 | 611,000 | 688,000 | 340,196 | 14,277 | 51,729 | |
| Interest Receivable | 262,000 | 168,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Pre-Tax Profit | -6,331,000 | 205,000 | -584,000 | -246,000 | -990,000 | 143,000 | 611,000 | -724,000 | 246,000 | -899,000 | -2,541,000 | -2,208,491 | -4,175,150 | -1,257,010 | |
| Tax | 1,441,000 | 2,502,000 | -55,000 | -221,000 | 302,000 | 74,000 | -127,000 | 124,000 | -186,000 | 186,000 | 36,000 | -323,486 | -9,948 | 349,712 | |
| Profit After Tax | -4,890,000 | 2,707,000 | -639,000 | -467,000 | -688,000 | 217,000 | 484,000 | -600,000 | 60,000 | -713,000 | -2,505,000 | -2,531,977 | -4,185,098 | -907,298 | |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Retained Profit | -4,890,000 | 2,707,000 | -639,000 | -467,000 | -688,000 | 217,000 | 484,000 | -600,000 | 60,000 | -713,000 | -2,505,000 | -2,531,977 | -4,185,098 | -907,298 | |
| Employee Costs | 32,586,000 | 27,337,000 | 18,218,000 | 13,785,000 | 14,012,000 | 12,460,000 | 11,233,000 | 11,142,000 | 10,580,000 | 8,935,000 | 7,762,000 | 5,929,414 | 5,823,330 | 3,972,124 | |
| Number Of Employees | 535 | 515 | 302 | 256 | 246 | 217 | 210 | 230 | 231 | 195 | 174 | 125 | 107 | 67 | |
| EBITDA* | -3,135,000 | 1,640,000 | 348,000 | 616,000 | -106,000 | 1,224,000 | 1,608,000 | 37,000 | 1,009,000 | -265,000 | -1,853,000 | -1,797,237 | -4,068,553 | -1,188,601 |
* 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 | 107,000 | 151,000 | 65,000 | 59,000 | 21,000 | 265,000 | 134,000 | 62,000 | 103,000 | 42,000 | 41,000 | 118,263 | 229,869 | 93,338 | 0 |
| Intangible Assets | 24,000 | 44,000 | 65,000 | 0 | 1,000 | 21,000 | 58,000 | 71,000 | 66,000 | 1,000 | 5,000 | 0 | 0 | 0 | 0 |
| Investments & Other | 2,514,000 | 2,521,000 | 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 | 2,645,000 | 2,716,000 | 130,000 | 59,000 | 22,000 | 286,000 | 192,000 | 133,000 | 169,000 | 43,000 | 46,000 | 118,263 | 229,869 | 93,338 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 53,860,000 | 64,184,000 | 49,693,000 | 39,379,000 | 28,469,000 | 33,808,000 | 27,550,000 | 21,526,000 | 18,554,000 | 14,163,000 | 10,970,000 | 19,627,417 | 7,058,110 | 8,282,534 | 0 |
| Group Debtors | 823,000 | 14,982,000 | 10,229,000 | 2,679,000 | 153,000 | 0 | 4,068,000 | 1,871,000 | 611,000 | 895,000 | 547,000 | 516,896 | 307,877 | 452,263 | 0 |
| Misc Debtors | 7,719,000 | 12,342,000 | 7,083,000 | 7,889,000 | 8,021,000 | 0 | 3,051,000 | 2,605,000 | 3,078,000 | 2,668,000 | 1,957,000 | 2,660,864 | 876,186 | 507,461 | 0 |
| Cash | 2,165,000 | 2,145,000 | 3,277,000 | 3,245,000 | 2,516,000 | 393,000 | 1,794,000 | 1,997,000 | 233,000 | 532,000 | 206,000 | 61,829 | 145,963 | 26,647 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 64,567,000 | 93,653,000 | 70,282,000 | 53,192,000 | 39,159,000 | 42,820,000 | 36,463,000 | 27,999,000 | 22,476,000 | 18,258,000 | 13,680,000 | 22,867,006 | 8,388,136 | 9,268,905 | 0 |
| total assets | 67,212,000 | 96,369,000 | 70,412,000 | 53,251,000 | 39,181,000 | 43,106,000 | 36,655,000 | 28,132,000 | 22,645,000 | 18,301,000 | 13,726,000 | 22,985,269 | 8,618,005 | 9,362,243 | 0 |
| 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 | 110,000 | 245,000 | 285,000 | 307,000 | 313,000 | 350,000 | 153,000 | 191,000 | 259,000 | 119,000 | 57,000 | 200,269 | 4,443,998 | 5,397,539 | 0 |
| Group/Directors Accounts | 46,856,000 | 56,367,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,314,000 | 16,290,763 | 7,785,853 | 2,531,229 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 28,582,000 | 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 | 34,600,000 | 49,216,000 | 82,242,000 | 64,468,000 | 50,030,000 | 0 | 47,328,000 | 39,165,000 | 33,074,000 | 28,978,000 | 13,415,000 | 14,089,804 | 1,463,122 | 2,150,946 | 0 |
| total current liabilities | 81,566,000 | 105,828,000 | 82,527,000 | 64,775,000 | 50,343,000 | 53,694,000 | 47,481,000 | 39,356,000 | 33,333,000 | 29,097,000 | 23,786,000 | 30,580,836 | 13,692,973 | 10,079,714 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 166,000 | 82,000 | 0 | 0 | 0 | 0 | 174,473 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 83,000 | 41,000 | 0 | 0 | 0 | 0 | 174,473 | 0 |
| total liabilities | 81,566,000 | 105,828,000 | 82,527,000 | 64,775,000 | 50,343,000 | 53,694,000 | 47,481,000 | 39,439,000 | 33,374,000 | 29,097,000 | 23,786,000 | 30,580,836 | 13,692,973 | 10,254,187 | 0 |
| net assets | -14,354,000 | -9,459,000 | -12,115,000 | -11,524,000 | -11,162,000 | -10,588,000 | -10,826,000 | -11,307,000 | -10,729,000 | -10,796,000 | -10,060,000 | -7,595,567 | -5,074,968 | -891,944 | 0 |
| total shareholders funds | -14,354,000 | -9,459,000 | -12,115,000 | -11,524,000 | -11,162,000 | -10,588,000 | -10,826,000 | -11,307,000 | -10,729,000 | -10,796,000 | -10,060,000 | -7,595,567 | -5,074,968 | -891,944 | 0 |
| 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 | -3,209,000 | 1,577,000 | 307,000 | 605,000 | -201,000 | 1,148,000 | 1,518,000 | -36,000 | 963,000 | -288,000 | -1,853,000 | -1,868,295 | -4,160,873 | -1,205,281 | |
| Depreciation | 54,000 | 42,000 | 21,000 | 11,000 | 75,000 | 76,000 | 41,000 | 44,000 | 31,000 | 19,000 | 0 | 71,058 | 92,320 | 16,680 | |
| Amortisation | 20,000 | 21,000 | 20,000 | 0 | 20,000 | 49,000 | 29,000 | 15,000 | 4,000 | 0 | 0 | 0 | 0 | ||
| Tax | 1,441,000 | 2,502,000 | -55,000 | -221,000 | 302,000 | 74,000 | -127,000 | 124,000 | -186,000 | 186,000 | 36,000 | -323,486 | -9,948 | 349,712 | |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -29,106,000 | 24,503,000 | 17,058,000 | 13,304,000 | 2,835,000 | -861,000 | 8,667,000 | 3,759,000 | 4,517,000 | 4,252,000 | -9,331,177 | 14,563,004 | -1,000,085 | 9,242,258 | 0 |
| Creditors | -135,000 | -40,000 | -22,000 | -6,000 | -37,000 | 197,000 | -38,000 | -68,000 | 140,000 | 62,000 | -143,269 | -4,243,729 | -953,541 | 5,397,539 | 0 |
| Accruals and Deferred Income | -14,616,000 | -33,026,000 | 17,774,000 | 14,438,000 | 50,030,000 | -47,328,000 | 8,163,000 | 6,091,000 | 4,096,000 | 15,563,000 | -674,804 | 12,626,682 | -687,824 | 2,150,946 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | -166,000 | 84,000 | 82,000 | 0 | 0 | 0 | -174,473 | 174,473 | 0 |
| Cash flow from operations | 12,661,000 | -53,427,000 | 987,000 | 1,523,000 | 47,354,000 | 773,000 | 2,509,000 | 624,000 | 11,294,000 | 6,696,104 | -8,300,774 | -4,894,254 | -2,358,189 | ||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -7,000 | 2,521,000 | 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 | -9,511,000 | 56,367,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -10,314,000 | -5,976,763 | 8,504,910 | 5,254,624 | 2,531,229 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | -28,582,000 | 28,582,000 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | -3,122,000 | -1,372,000 | -891,000 | -851,000 | -789,000 | -907,000 | -688,000 | -717,000 | -611,000 | -688,000 | -340,196 | -14,277 | -51,729 | ||
| cash flow from financing | -12,638,000 | 54,944,000 | -843,000 | -746,000 | -29,257,000 | -910,000 | -666,000 | -710,000 | -10,948,000 | -6,624,196 | 8,176,092 | 5,242,421 | 2,494,854 | ||
| cash and cash equivalents | |||||||||||||||
| cash | 20,000 | -1,132,000 | 32,000 | 729,000 | 2,123,000 | -1,401,000 | -203,000 | 1,764,000 | -299,000 | 326,000 | 144,171 | -84,134 | 119,316 | 26,647 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 20,000 | -1,132,000 | 32,000 | 729,000 | 2,123,000 | -1,401,000 | -203,000 | 1,764,000 | -299,000 | 326,000 | 144,171 | -84,134 | 119,316 | 26,647 | 0 |
randstad sourceright limited Credit Report and Business Information
Randstad Sourceright Limited Competitor Analysis
Perform a competitor analysis for randstad sourceright limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mega companies, companies in LU1 area or any other competitors across 12 key performance metrics.
randstad sourceright limited Ownership
RANDSTAD SOURCERIGHT LIMITED group structure
Randstad Sourceright Limited has no subsidiary companies.
Ultimate parent company
RANDSTAD NV
#0018894
2 parents
RANDSTAD SOURCERIGHT LIMITED
03869709
randstad sourceright limited directors
Randstad Sourceright Limited currently has 2 directors. The longest serving directors include Mr David Bruce (Jul 2018) and Mr David Vincent (Jan 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Bruce | England | 58 years | Jul 2018 | - | Director |
| Mr David Vincent | United Kingdom | 53 years | Jan 2021 | - | Director |
P&L
December 2023turnover
300.6m
-3%
operating profit
-3.2m
-303%
gross margin
11.8%
+7.3%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-14.4m
+0.52%
total assets
67.2m
-0.3%
cash
2.2m
+0.01%
net assets
Total assets minus all liabilities
randstad sourceright limited company details
company number
03869709
Type
Private limited with Share Capital
industry
78200 - Temporary employment agency activities
incorporation date
November 1999
age
25
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
randstad managed services limited (March 2015)
abraxas internet recruitment limited (June 2009)
accountant
-
auditor
DELOITTE LLP
address
450 capability green, luton, bedfordshire, LU1 3LU
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
randstad sourceright 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 did not find charges/mortgages relating to randstad sourceright limited.
randstad sourceright limited Companies House Filings - See Documents
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