code it recruitment limited

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code it recruitment limited Company Information

Share CODE IT RECRUITMENT LIMITED

Company Number

04029408

Shareholders

peter fairweather

amanda callagher

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Group Structure

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Industry

Temporary employment agency activities

 

Registered Address

80 coleman street, london, EC2R 5BJ

code it recruitment limited Estimated Valuation

£670.6k

Pomanda estimates the enterprise value of CODE IT RECRUITMENT LIMITED at £670.6k based on a Turnover of £3.8m and 0.18x industry multiple (adjusted for size and gross margin).

code it recruitment limited Estimated Valuation

£0

Pomanda estimates the enterprise value of CODE IT RECRUITMENT LIMITED at £0 based on an EBITDA of £-40.5k and a 3.16x industry multiple (adjusted for size and gross margin).

code it recruitment limited Estimated Valuation

£280.9k

Pomanda estimates the enterprise value of CODE IT RECRUITMENT LIMITED at £280.9k based on Net Assets of £216.7k and 1.3x industry multiple (adjusted for liquidity).

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Code It Recruitment Limited Overview

Code It Recruitment Limited is a live company located in london, EC2R 5BJ with a Companies House number of 04029408. It operates in the temporary employment agency activities sector, SIC Code 78200. Founded in July 2000, it's largest shareholder is peter fairweather with a 40% stake. Code It Recruitment Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.8m with low growth in recent years.

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Code It Recruitment Limited Health Check

Pomanda's financial health check has awarded Code It Recruitment Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

4 Strong

positive_score

3 Regular

positive_score

4 Weak

size

Size

annual sales of £3.8m, make it smaller than the average company (£13.3m)

£3.8m - Code It Recruitment Limited

£13.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (8%)

1% - Code It Recruitment Limited

8% - Industry AVG

production

Production

with a gross margin of 18.1%, this company has a comparable cost of product (18.1%)

18.1% - Code It Recruitment Limited

18.1% - Industry AVG

profitability

Profitability

an operating margin of -1.1% make it less profitable than the average company (2.5%)

-1.1% - Code It Recruitment Limited

2.5% - Industry AVG

employees

Employees

with 4 employees, this is below the industry average (49)

4 - Code It Recruitment Limited

49 - Industry AVG

paystructure

Pay Structure

on an average salary of £49.4k, the company has an equivalent pay structure (£49.4k)

£49.4k - Code It Recruitment Limited

£49.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £941.2k, this is more efficient (£233.5k)

£941.2k - Code It Recruitment Limited

£233.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 31 days, this is earlier than average (43 days)

31 days - Code It Recruitment Limited

43 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 16 days, this is slower than average (3 days)

16 days - Code It Recruitment Limited

3 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Code It Recruitment Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 12 weeks, this is more cash available to meet short term requirements (7 weeks)

12 weeks - Code It Recruitment Limited

7 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 67.3%, this is a similar level of debt than the average (70.2%)

67.3% - Code It Recruitment Limited

70.2% - Industry AVG

CODE IT RECRUITMENT LIMITED financials

EXPORTms excel logo

Code It Recruitment Limited's latest turnover from March 2024 is estimated at £3.8 million and the company has net assets of £216.7 thousand. According to their latest financial statements, Code It Recruitment Limited has 4 employees and maintains cash reserves of £104.4 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover3,764,6759,714,2937,791,6383,660,3208,299,21710,037,9174,995,5253,715,1887,242,0465,615,76114,801,9254,185,7583,018,3417,026,5254,124,211
Other Income Or Grants
Cost Of Sales3,083,7117,992,7586,529,4413,098,9646,906,1868,339,9514,119,5913,073,0496,014,3794,652,47212,139,7773,481,3822,471,4895,713,8493,297,552
Gross Profit680,9631,721,5351,262,197561,3561,393,0311,697,967875,934642,1391,227,667963,2892,662,148704,376546,8521,312,676826,659
Admin Expenses721,5451,467,2321,239,304551,8351,381,4571,664,369871,685568,3071,247,064900,4602,664,895453,185318,8261,248,127836,534
Operating Profit-40,582254,30322,8939,52111,57433,5984,24973,832-19,39762,829-2,747251,191228,02664,549-9,875
Interest Payable18,76519,5829,21717,05122,60723,83921,03823,77026,63511,689203925883894528
Interest Receivable20,59516,7476484269865496205665477547311,87324944
Pre-Tax Profit-38,752251,46814,325-7,488-10,96410,623-16,29350,268-45,36751,616-2,896250,997229,01663,904-10,359
Tax-47,779-2,722-2,018-10,053-10,839-50,494-46,260-17,893
Profit After Tax-38,752203,68911,603-7,488-10,9648,605-16,29340,214-45,36740,777-2,896200,503182,75646,011-10,359
Dividends Paid223,152162,180
Retained Profit-38,752203,68911,603-7,488-10,9648,605-16,29340,214-45,36740,777-2,896-22,64920,57646,011-10,359
Employee Costs197,400195,547178,394204,784206,295272,508193,504269,666303,313298,2981,944,893258,067154,316914,428603,167
Number Of Employees44455757885216112617
EBITDA*-40,528254,37522,9899,64911,74433,8264,55274,236-18,85863,672-1,236252,662229,37965,299-8,875

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets1622162883845126829111,2141,6192,5303,3734,4144,0602,2513,001
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets1622162883845126829111,2141,6192,5303,3734,4144,0602,2513,001
Stock & work in progress29,269
Trade Debtors325,351654,034620,501353,213833,8361,008,778789,071457,807797,907590,980808,089684,995347,206399,530226,954
Group Debtors
Misc Debtors232,626236,626233,326218,492216,111199,960127,9799,0503,1789,3286,91342,67923,170
Cash104,392680,185107,90665,02418,342119,633110,97187,22877,128189,0041,80619,72651,45881,89217,787
misc current assets
total current assets662,3691,570,845961,733636,7291,068,2891,328,3711,028,021583,354878,213789,312809,895711,634441,343481,422267,911
total assets662,5311,571,061962,021637,1131,068,8011,329,0531,028,932584,568879,832791,842813,268716,048445,403483,673270,912
Bank overdraft300,756459,879359,6645,0005,000
Bank loan31,203260,97860,190132,626381,416359,782346,560
Trade Creditors 137,010487,189335,632119,926303,677355,957125,821113,233313,684252,995782,580319,441571436,766265,016
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities261,826541,783479,152299,389336,048554,690506,532104,26780,171107,718356,773377,349
total current liabilities430,0391,289,950874,974551,9411,021,1411,270,429978,913518,256853,734720,377782,580681,214382,920436,766265,016
loans15,78025,64735,27245,0001,2506,25011,25016,250
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities15,78025,64735,27245,0001,2506,25011,25016,250
total liabilities445,8191,315,597910,246596,9411,021,1411,270,429978,913518,256853,734720,377782,580682,464389,170448,016281,266
net assets216,712255,46451,77540,17247,66058,62450,01966,31226,09871,46530,68833,58456,23335,657-10,354
total shareholders funds216,712255,46451,77540,17247,66058,62450,01966,31226,09871,46530,68833,58456,23335,657-10,354
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit-40,582254,30322,8939,52111,57433,5984,24973,832-19,39762,829-2,747251,191228,02664,549-9,875
Depreciation5472961281702283034045398431,5111,4711,3537501,000
Amortisation
Tax-47,779-2,722-2,018-10,053-10,839-50,494-46,260-17,893
Stock-29,26929,269
Debtors-332,68336,833282,122-478,242-158,791291,688450,193-334,228200,777-207,781116,181302,023-9,645149,406250,124
Creditors-350,179151,557215,706-183,751-52,280230,13612,588-200,45160,689-529,585463,139318,870-436,195171,750265,016
Accruals and Deferred Income-279,95762,631179,763-36,659-218,64248,158402,26524,096-27,547107,718-356,773-20,576377,349
Deferred Taxes & Provisions
Cash flow from operations-337,981383,951133,614267,481-100,38718,414-1,519192,787-186,493-161,253-11,051198,439133,91869,7506,017
Investing Activities
capital expenditure11372-470-1,825-3,162-4,001
Change in Investments
cash flow from investments11372-470-1,825-3,162-4,001
Financing Activities
Bank loans-229,775200,788-72,436-248,79021,63413,222346,560
Group/Directors Accounts
Other Short Term Loans
Long term loans-9,867-9,625-9,72845,000-1,250-5,000-5,000-5,00016,250
Hire Purchase and Lease Commitments
other long term liabilities
share issue5
interest1,830-2,835-8,569-17,009-22,538-22,974-20,542-23,565-25,970-11,212-149-194990-645-484
cash flow from financing-237,812188,328-90,733-220,799-904-9,752326,018-23,565-25,970-11,212-1,399-5,194-4,010-5,64515,771
cash and cash equivalents
cash-575,793572,27942,88246,682-101,2918,66223,74310,100-111,876187,198-17,920-31,732-30,43464,10517,787
overdraft-300,756-159,123100,215359,664-5,0005,000
change in cash-575,793572,27942,88246,682-101,2918,662324,499169,223-212,091-172,466-12,920-31,732-35,43464,10517,787

code it 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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Code It Recruitment Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for code it recruitment limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in EC2R area or any other competitors across 12 key performance metrics.

code it recruitment limited Ownership

CODE IT RECRUITMENT LIMITED group structure

Code It Recruitment Limited has 1 subsidiary company.

Ultimate parent company

CODE IT RECRUITMENT LIMITED

04029408

1 subsidiary

CODE IT RECRUITMENT LIMITED Shareholders

peter fairweather 40%
amanda callagher 40%
amanda callagher & peter fairweather 20%

code it recruitment limited directors

Code It Recruitment Limited currently has 2 directors. The longest serving directors include Ms Amanda Callagher (Jul 2000) and Mr Peter Fairweather (Jul 2000).

officercountryagestartendrole
Ms Amanda CallagherEngland58 years Jul 2000- Director
Mr Peter FairweatherUnited Kingdom61 years Jul 2000- Director

P&L

March 2024

turnover

3.8m

-61%

operating profit

-40.6k

0%

gross margin

18.1%

+2.07%

turnover

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

Balance Sheet

March 2024

net assets

216.7k

-0.15%

total assets

662.5k

-0.58%

cash

104.4k

-0.85%

net assets

Total assets minus all liabilities

code it recruitment limited company details

company number

04029408

Type

Private limited with Share Capital

industry

78200 - Temporary employment agency activities

incorporation date

July 2000

age

25

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

intermania limited (August 2000)

accountant

-

auditor

-

address

80 coleman street, london, EC2R 5BJ

Bank

HSBC BANK PLC

Legal Advisor

-

code 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 3 charges/mortgages relating to code it recruitment limited. Currently there are 1 open charges and 2 have been satisfied in the past.

code 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.

Click to start generating capital raising & share issue transactions for CODE IT RECRUITMENT LIMITED. This can take several minutes, an email will notify you when this has completed.

code it recruitment limited Companies House Filings - See Documents

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