staffline recruitment limited

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staffline recruitment limited Company Information

Share STAFFLINE RECRUITMENT LIMITED
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MatureMegaDeclining

Company Number

03996086

Registered Address

19-20, the triangle ng2 business park, nottingham, notts, NG2 1AE

Industry

Temporary employment agency activities

 

Telephone

02830251808

Next Accounts Due

September 2025

Group Structure

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Directors

Ben De Lucchi4 Years

Frank Atkinson4 Years

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Shareholders

staffline group plc 100%

staffline recruitment limited Estimated Valuation

£163.7m

Pomanda estimates the enterprise value of STAFFLINE RECRUITMENT LIMITED at £163.7m based on a Turnover of £691m and 0.24x industry multiple (adjusted for size and gross margin).

staffline recruitment limited Estimated Valuation

£23.1m

Pomanda estimates the enterprise value of STAFFLINE RECRUITMENT LIMITED at £23.1m based on an EBITDA of £5.4m and a 4.24x industry multiple (adjusted for size and gross margin).

staffline recruitment limited Estimated Valuation

£0

Pomanda estimates the enterprise value of STAFFLINE RECRUITMENT LIMITED at £0 based on Net Assets of £-39.2m and 1.72x industry multiple (adjusted for liquidity).

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Staffline Recruitment Limited Overview

Staffline Recruitment Limited is a live company located in nottingham, NG2 1AE with a Companies House number of 03996086. It operates in the temporary employment agency activities sector, SIC Code 78200. Founded in May 2000, it's largest shareholder is staffline group plc with a 100% stake. Staffline Recruitment Limited is a mature, mega sized company, Pomanda has estimated its turnover at £691m with declining growth in recent years.

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Staffline Recruitment Limited Health Check

Pomanda's financial health check has awarded Staffline Recruitment Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

3 Strong

positive_score

1 Regular

positive_score

7 Weak

size

Size

annual sales of £691m, make it larger than the average company (£16.7m)

£691m - Staffline Recruitment Limited

£16.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (6.2%)

-1% - Staffline Recruitment Limited

6.2% - Industry AVG

production

Production

with a gross margin of 6%, this company has a higher cost of product (18.3%)

6% - Staffline Recruitment Limited

18.3% - Industry AVG

profitability

Profitability

an operating margin of 0.3% make it less profitable than the average company (2.5%)

0.3% - Staffline Recruitment Limited

2.5% - Industry AVG

employees

Employees

with 692 employees, this is above the industry average (56)

692 - Staffline Recruitment Limited

56 - Industry AVG

paystructure

Pay Structure

on an average salary of £975.2k, the company has a higher pay structure (£52.6k)

£975.2k - Staffline Recruitment Limited

£52.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £998.5k, this is more efficient (£275.2k)

£998.5k - Staffline Recruitment Limited

£275.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 36 days, this is near the average (45 days)

36 days - Staffline Recruitment Limited

45 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 1 days, this is quicker than average (4 days)

1 days - Staffline Recruitment Limited

4 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Staffline Recruitment Limited

- - Industry AVG

cashbalance

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 - Staffline Recruitment Limited

4 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 129.7%, this is a higher level of debt than the average (72.6%)

129.7% - Staffline Recruitment Limited

72.6% - Industry AVG

STAFFLINE RECRUITMENT LIMITED financials

EXPORTms excel logo

Staffline Recruitment Limited's latest turnover from December 2023 is £691 million and the company has net assets of -£39.2 million. According to their latest financial statements, Staffline Recruitment Limited has 692 employees and maintains cash reserves of £5.5 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover690,950,000670,132,000699,244,000702,658,000810,804,000853,287,000800,727,000743,835,000539,695,000434,396,000392,469,000346,698,000259,247,000190,551,000114,895,000
Other Income Or Grants001,414,00021,308,00000000000000
Cost Of Sales649,209,000628,986,000657,264,000683,043,000760,053,000788,339,000740,335,000685,176,000494,870,000396,471,000359,107,000316,758,000234,589,000170,444,000100,185,000
Gross Profit41,741,00041,146,00043,394,00040,923,00050,751,00064,948,00060,392,00058,659,00044,825,00037,925,00033,362,00029,940,00024,658,00020,107,00014,710,000
Admin Expenses39,427,00043,380,00045,554,00047,249,00076,865,00072,637,00058,350,00044,364,00035,163,00029,003,00026,117,00021,438,00017,147,00013,402,00011,775,000
Operating Profit2,314,000-2,234,000-2,160,000-6,326,000-26,114,000-7,689,0002,042,00014,295,0009,662,0008,922,0007,245,0008,502,0007,511,0006,705,0002,935,000
Interest Payable6,854,0004,290,0002,671,0002,542,0001,623,0001,743,0002,129,0002,564,000983,000444,000413,000368,000139,000127,000108,000
Interest Receivable000000000000000
Pre-Tax Profit-2,400,000-3,772,000-4,831,000-8,868,000-27,737,000-9,432,0004,389,00011,731,0008,679,0008,478,0006,832,0008,134,0007,372,0006,578,0002,827,000
Tax1,003,0001,615,000703,0001,664,000498,000933,000-2,688,000-2,869,000-1,997,000-1,901,000-997,000-2,360,000-2,051,000-1,809,000-1,030,000
Profit After Tax-1,397,000-2,157,000-4,128,000-7,204,000-27,239,000-8,499,0001,701,0008,862,0006,682,0006,577,0005,835,0005,774,0005,321,0004,769,0001,797,000
Dividends Paid00000016,743,0005,833,0003,989,0002,749,0009,476,0003,078,0001,437,000871,000616,000
Retained Profit-1,397,000-2,157,000-4,128,000-7,204,000-27,239,000-8,499,000-15,042,0003,029,0002,693,0003,828,000-3,641,0002,696,0003,884,0003,898,0001,181,000
Employee Costs674,829,000657,517,000687,196,000709,530,000787,707,000822,381,000772,318,000715,909,00023,659,00020,485,00018,329,00014,467,00012,328,0009,425,0007,886,000
Number Of Employees692722713751896952852772722565509426352243208
EBITDA*5,449,0004,036,0004,315,0001,983,000-18,592,000-2,972,0004,274,00016,810,00010,772,00010,707,0009,028,0009,952,0008,735,0007,517,0003,856,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets1,408,0002,384,00031,978,00033,050,00034,628,00049,286,00010,877,00010,286,00010,599,00010,329,0001,212,0001,194,0001,224,0001,110,000693,000
Intangible Assets22,628,00023,365,00026,999,00030,182,00035,004,00043,891,00021,705,00022,347,00023,167,00012,630,00012,886,00013,498,00012,996,0006,973,0007,645,000
Investments & Other20,988,00029,114,00029,545,00029,538,00029,363,00045,798,0008,578,0008,892,0008,892,0008,892,0008,115,0008,113,0005,147,0006,261,0002,260,000
Debtors (Due After 1 year)0012,000000000000000
Total Fixed Assets45,024,00054,863,00058,965,00063,232,00069,632,00093,177,00032,582,00032,633,00033,766,00022,959,00022,213,00022,805,00019,367,00014,344,00010,598,000
Stock & work in progress000039,00032,00032,00000000000
Trade Debtors69,909,00059,817,00065,087,00058,614,00081,602,000100,294,00079,135,00080,227,00084,857,00056,973,00052,440,00054,145,00038,702,00026,374,00017,500,000
Group Debtors375,0003,566,0009,110,00013,804,00015,638,00013,383,00037,050,00045,440,00041,331,0005,848,0002,685,0003,079,0005,872,0002,504,000642,000
Misc Debtors11,238,00011,982,00010,897,00010,609,0005,913,0005,200,0001,571,0002,303,0003,315,0003,673,0004,697,000372,0004,059,000528,000440,000
Cash5,483,00015,162,00012,278,00017,227,00028,764,00013,602,00018,478,0009,748,0002,105,0007,512,0005,047,0003,132,0001,757,000765,000537,000
misc current assets0000043,00037,000184,00084,00086,00000000
total current assets87,005,00090,527,00097,674,000101,562,000136,046,000132,554,000136,303,000137,902,000131,692,00074,092,00064,869,00060,728,00050,390,00030,171,00019,119,000
total assets132,029,000145,390,000156,639,000164,794,000205,678,000225,731,000168,885,000170,535,000165,458,00097,051,00087,082,00083,533,00069,757,00044,515,00029,717,000
Bank overdraft0000000072,000001,111,0001,847,0001,475,0002,256,000
Bank loan000000000057,000645,0001,138,000921,000921,000
Trade Creditors 3,023,0002,044,0004,948,0003,239,0002,330,0001,383,0004,350,0005,191,0007,875,0002,495,0001,183,000667,000861,000496,0002,016,000
Group/Directors Accounts53,804,00051,103,0000000000010,789,0008,210,0009,830,0002,698,000112,000
other short term finances12,434,00028,073,00022,013,0009,376,00000000000000
hp & lease commitments472,000530,000576,000585,000618,0000000000000
other current liabilities78,653,00068,272,000132,803,000175,850,000221,539,000198,095,000114,423,000100,356,000104,804,00065,192,00050,173,00044,786,00032,482,00023,596,00011,226,000
total current liabilities148,386,000150,022,000160,340,000189,050,000224,487,000199,478,000118,773,000105,547,000112,751,00067,687,00062,202,00055,419,00046,158,00029,186,00016,531,000
loans21,753,00032,170,00032,999,0003,732,0004,250,000070,000,00070,000,00052,000,00015,000,00007,625,0006,018,0001,841,0003,639,000
hp & lease commitments730,0001,097,0001,122,0001,866,0002,125,0000000000000
Accruals and Deferred Income0000000015,00033,00051,0000000
other liabilities0004,593,0000000007,500,0001,000000
provisions329,000378,0002,122,0003,688,0008,938,00036,606,0001,430,0002,178,0002,760,000000000
total long term liabilities22,812,00033,645,00032,938,0008,303,0006,594,00018,303,00035,715,00036,089,00027,395,0007,533,0007,551,0007,626,0006,018,0001,841,0003,639,000
total liabilities171,198,000183,667,000193,278,000197,353,000231,081,000217,781,000154,488,000141,636,000140,146,00075,220,00069,753,00063,045,00052,176,00031,027,00020,170,000
net assets-39,169,000-38,277,000-36,639,000-32,559,000-25,403,0007,950,00014,397,00028,899,00025,312,00021,831,00017,329,00020,488,00017,581,00013,488,0009,547,000
total shareholders funds-39,169,000-38,277,000-36,639,000-32,559,000-25,403,0007,950,00014,397,00028,899,00025,312,00021,831,00017,329,00020,488,00017,581,00013,488,0009,547,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit2,314,000-2,234,000-2,160,000-6,326,000-26,114,000-7,689,0002,042,00014,295,0009,662,0008,922,0007,245,0008,502,0007,511,0006,705,0002,935,000
Depreciation1,132,0001,331,0001,603,0002,303,0001,705,000499,000580,000771,000495,000454,000471,000406,000245,000137,000246,000
Amortisation2,003,0004,939,0004,872,0006,006,0005,817,0004,218,0001,652,0001,744,000615,0001,331,0001,312,0001,044,000979,000675,000675,000
Tax1,003,0001,615,000703,0001,664,000498,000933,000-2,688,000-2,869,000-1,997,000-1,901,000-997,000-2,360,000-2,051,000-1,809,000-1,030,000
Stock000-39,0007,000032,00000000000
Debtors6,157,000-9,741,0002,079,000-20,126,000-15,724,0001,121,000-10,214,000-1,533,00063,009,0006,672,0002,226,0008,963,00019,227,00010,824,00018,582,000
Creditors979,000-2,904,0001,709,000909,000947,000-2,967,000-841,000-2,684,0005,380,0001,312,000516,000-194,000365,000-1,520,0002,016,000
Accruals and Deferred Income10,381,000-64,531,000-43,047,000-45,689,00023,444,00083,672,00014,067,000-4,463,00039,594,00015,001,0005,438,00012,304,0008,886,00012,370,00011,226,000
Deferred Taxes & Provisions-49,000-1,744,000-1,566,000-5,250,000-27,668,00035,176,000-748,000-582,0002,760,000000000
Cash flow from operations11,606,000-53,787,000-39,965,000-26,218,000-5,654,000112,721,00024,246,0007,745,000-6,500,00018,447,00011,759,00010,739,000-3,292,0005,734,000-2,514,000
Investing Activities
capital expenditure-1,422,00026,958,000-2,220,000-1,909,00016,023,000-65,312,000-2,181,000-1,382,000-11,917,000-10,646,000-1,189,000-1,922,000-7,361,000-557,000-9,259,000
Change in Investments-8,126,000-431,0007,000175,000-16,435,00037,220,000-314,00000777,0002,0002,966,000-1,114,0004,001,0002,260,000
cash flow from investments6,704,00027,389,000-2,227,000-2,084,00032,458,000-102,532,000-1,867,000-1,382,000-11,917,000-11,423,000-1,191,000-4,888,000-6,247,000-4,558,000-11,519,000
Financing Activities
Bank loans000000000-57,000-588,000-493,000217,0000921,000
Group/Directors Accounts2,701,00051,103,0000000000-10,789,0002,579,000-1,620,0007,132,0002,586,000112,000
Other Short Term Loans -15,639,0006,060,00012,637,0009,376,00000000000000
Long term loans-10,417,000-829,00029,267,000-518,0004,250,000-70,000,000018,000,00037,000,00015,000,000-7,625,0001,607,0004,177,000-1,798,0003,639,000
Hire Purchase and Lease Commitments-425,000-71,000-753,000-292,0002,743,0000000000000
other long term liabilities00-4,593,0004,593,00000000-7,500,0007,499,0001,000000
share issue505,000519,00048,00048,000-6,114,0002,052,000540,000558,000788,000674,000482,000211,000209,00043,0008,366,000
interest-6,854,000-4,290,000-2,671,000-2,542,000-1,623,000-1,743,000-2,129,000-2,564,000-983,000-444,000-413,000-368,000-139,000-127,000-108,000
cash flow from financing-30,129,00052,492,00033,935,00010,665,000-744,000-69,691,000-1,589,00015,994,00036,805,000-3,116,0001,934,000-662,00011,596,000704,00012,930,000
cash and cash equivalents
cash-9,679,0002,884,000-4,949,000-11,537,00015,162,000-4,876,0008,730,0007,643,000-5,407,0002,465,0001,915,0001,375,000992,000228,000537,000
overdraft0000000-72,00072,0000-1,111,000-736,000372,000-781,0002,256,000
change in cash-9,679,0002,884,000-4,949,000-11,537,00015,162,000-4,876,0008,730,0007,715,000-5,479,0002,465,0003,026,0002,111,000620,0001,009,000-1,719,000

staffline recruitment limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Staffline Recruitment Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for staffline recruitment limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mega companies, companies in NG2 area or any other competitors across 12 key performance metrics.

staffline recruitment limited Ownership

STAFFLINE RECRUITMENT LIMITED Shareholders

staffline group plc 100%

staffline recruitment limited directors

Staffline Recruitment Limited currently has 3 directors. The longest serving directors include Mr Ben De Lucchi (Dec 2019) and Mr Frank Atkinson (Mar 2020).

officercountryagestartendrole
Mr Ben De LucchiEngland47 years Dec 2019- Director
Mr Frank Atkinson50 years Mar 2020- Director
Mr Daniel Quint50 years Apr 2021- Director

P&L

December 2023

turnover

691m

+3%

operating profit

2.3m

-204%

gross margin

6.1%

-1.61%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

-39.2m

+0.02%

total assets

132m

-0.09%

cash

5.5m

-0.64%

net assets

Total assets minus all liabilities

staffline recruitment limited company details

company number

03996086

Type

Private limited with Share Capital

industry

78200 - Temporary employment agency activities

incorporation date

May 2000

age

24

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

December 2023

previous names

staff-line recruitment limited (October 2002)

castlegate 148 limited (August 2000)

accountant

-

auditor

GRANT THORNTON UK LLP

address

19-20, the triangle ng2 business park, nottingham, notts, NG2 1AE

Bank

BANK OF SCOTLAND

Legal Advisor

BROWNE JACOBSON LLP

staffline 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 20 charges/mortgages relating to staffline recruitment limited. Currently there are 2 open charges and 18 have been satisfied in the past.

charges

staffline recruitment limited Companies House Filings - See Documents

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