tradewind recruitment ltd
tradewind recruitment ltd Company Information
Company Number
04105705
Next Accounts
May 2025
Industry
Temporary employment agency activities
Shareholders
abaco recruitment ltd
Group Structure
View All
Contact
Registered Address
3rd floor 110 high holborn, london, WC1V 6JS
tradewind recruitment ltd Estimated Valuation
Pomanda estimates the enterprise value of TRADEWIND RECRUITMENT LTD at £39.2m based on a Turnover of £75.1m and 0.52x industry multiple (adjusted for size and gross margin).
tradewind recruitment ltd Estimated Valuation
Pomanda estimates the enterprise value of TRADEWIND RECRUITMENT LTD at £70.1m based on an EBITDA of £8.4m and a 8.38x industry multiple (adjusted for size and gross margin).
tradewind recruitment ltd Estimated Valuation
Pomanda estimates the enterprise value of TRADEWIND RECRUITMENT LTD at £8.8m based on Net Assets of £5.5m and 1.61x industry multiple (adjusted for liquidity).
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Tradewind Recruitment Ltd Overview
Tradewind Recruitment Ltd is a live company located in london, WC1V 6JS with a Companies House number of 04105705. It operates in the temporary employment agency activities sector, SIC Code 78200. Founded in November 2000, it's largest shareholder is abaco recruitment ltd with a 100% stake. Tradewind Recruitment Ltd is a mature, large sized company, Pomanda has estimated its turnover at £75.1m with high growth in recent years.
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Tradewind Recruitment Ltd Health Check
Pomanda's financial health check has awarded Tradewind Recruitment Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 9 measures and has 2 areas for improvement. Company Health Check FAQs
9 Strong
0 Regular
2 Weak
Size
annual sales of £75.1m, make it larger than the average company (£13.6m)
£75.1m - Tradewind Recruitment Ltd
£13.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 27%, show it is growing at a faster rate (4.1%)
27% - Tradewind Recruitment Ltd
4.1% - Industry AVG
Production
with a gross margin of 29.6%, this company has a lower cost of product (18.3%)
29.6% - Tradewind Recruitment Ltd
18.3% - Industry AVG
Profitability
an operating margin of 11% make it more profitable than the average company (2.7%)
11% - Tradewind Recruitment Ltd
2.7% - Industry AVG
Employees
with 3642 employees, this is above the industry average (50)
3642 - Tradewind Recruitment Ltd
50 - Industry AVG
Pay Structure
on an average salary of £16.5k, the company has a lower pay structure (£49.8k)
£16.5k - Tradewind Recruitment Ltd
£49.8k - Industry AVG
Efficiency
resulting in sales per employee of £20.6k, this is less efficient (£242.9k)
£20.6k - Tradewind Recruitment Ltd
£242.9k - Industry AVG
Debtor Days
it gets paid by customers after 14 days, this is earlier than average (46 days)
14 days - Tradewind Recruitment Ltd
46 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (4 days)
1 days - Tradewind Recruitment Ltd
4 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Tradewind Recruitment Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 69 weeks, this is more cash available to meet short term requirements (7 weeks)
69 weeks - Tradewind Recruitment Ltd
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 40.8%, this is a lower level of debt than the average (72.6%)
40.8% - Tradewind Recruitment Ltd
72.6% - Industry AVG
TRADEWIND RECRUITMENT LTD financials
Tradewind Recruitment Ltd's latest turnover from August 2023 is £75.1 million and the company has net assets of £5.5 million. According to their latest financial statements, Tradewind Recruitment Ltd has 3,642 employees and maintains cash reserves of £5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 75,073,178 | 64,085,935 | 43,726,778 | 36,732,963 | 40,660,694 | 34,301,858 | 35,040,294 | 31,100,627 | 26,570,763 | 22,035,810 | 18,748,552 | 15,658,290 | 15,540,014 | 17,741,056 | 15,851,353 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 52,844,912 | 45,681,730 | 32,446,819 | 32,542,523 | 29,129,899 | 24,722,549 | 25,085,351 | 21,859,716 | 18,871,619 | 15,731,262 | 13,814,660 | 11,455,431 | 11,571,717 | 13,037,778 | 12,003,132 |
| Gross Profit | 22,228,266 | 18,404,205 | 11,279,959 | 4,190,440 | 11,530,795 | 9,579,309 | 9,954,943 | 9,240,911 | 7,699,144 | 6,304,548 | 4,933,892 | 4,202,859 | 3,968,297 | 4,703,278 | 3,848,221 |
| Admin Expenses | 13,971,838 | 13,024,824 | 8,389,450 | 3,107,835 | 9,149,291 | 8,747,914 | 7,631,400 | 5,908,166 | 4,984,399 | 4,140,294 | 3,618,139 | 3,528,258 | 3,734,205 | 4,360,597 | 2,480,274 |
| Operating Profit | 8,256,428 | 5,379,381 | 2,890,509 | 1,082,605 | 2,381,504 | 831,395 | 2,323,543 | 3,332,745 | 2,714,745 | 2,164,254 | 1,315,753 | 674,601 | 234,092 | 342,681 | 1,367,947 |
| Interest Payable | 1,569 | 0 | 0 | 0 | 0 | 0 | 0 | 20,603 | 21,015 | 16,973 | 16,553 | 31,507 | 0 | ||
| Interest Receivable | 2,112 | 4,995 | 3,911 | 10,838 | 2,732 | 3,504 | 4,674 | 6,626 | 7,275 | 17,820 | 23,599 | 11,336 | 76 | 140 | 0 |
| Pre-Tax Profit | 8,256,971 | 5,384,376 | 2,894,420 | 1,093,443 | 2,384,236 | 834,899 | 2,328,217 | 3,339,371 | 2,722,020 | 2,161,471 | 1,318,337 | 668,964 | 217,615 | 311,314 | 1,357,450 |
| Tax | -1,656,265 | -1,079,348 | -494,752 | -213,058 | -460,571 | -162,117 | -471,023 | -666,324 | -562,439 | -452,348 | -319,311 | -166,848 | -65,044 | -74,589 | -383,634 |
| Profit After Tax | 6,600,706 | 4,305,028 | 2,399,668 | 880,385 | 1,923,665 | 672,782 | 1,857,194 | 2,673,047 | 2,159,581 | 1,709,123 | 999,026 | 502,116 | 152,571 | 236,725 | 973,816 |
| Dividends Paid | 4,257,895 | 2,232,498 | 3,642,198 | 994,307 | 1,300,000 | 800,000 | 2,018,292 | 2,900,492 | 1,150,915 | 1,136,268 | 800,190 | 368,751 | 0 | 0 | 1,004,798 |
| Retained Profit | 2,342,811 | 2,072,530 | -1,242,530 | -113,922 | 623,665 | -127,218 | -161,098 | -227,445 | 1,008,666 | 572,855 | 198,836 | 133,365 | 152,571 | 236,725 | -30,982 |
| Employee Costs | 60,066,595 | 51,558,037 | 36,556,814 | 35,222,138 | 29,373,713 | 23,942,361 | 19,633,351 | 10,888,855 | 7,374,729 | 6,012,573 | 4,621,603 | 3,855,932 | 5,779,243 | 5,288,493 | 3,118,044 |
| Number Of Employees | 3,642 | 3,283 | 2,389 | 2,438 | 1,869 | 1,420 | 1,135 | 628 | 398 | 324 | 229 | 98 | 219 | 203 | 133 |
| EBITDA* | 8,360,321 | 5,397,437 | 2,909,907 | 1,110,317 | 2,427,143 | 914,277 | 2,399,577 | 3,389,075 | 2,785,882 | 2,199,628 | 1,349,632 | 718,765 | 287,514 | 368,883 | 1,384,413 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 471,078 | 33,066 | 18,086 | 28,797 | 54,792 | 100,431 | 108,645 | 173,587 | 160,968 | 167,302 | 39,550 | 68,750 | 122,125 | 96,705 | 47,405 |
| 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 | 471,078 | 33,066 | 18,086 | 28,797 | 54,792 | 100,431 | 108,645 | 173,587 | 160,968 | 167,302 | 39,550 | 68,750 | 122,125 | 96,705 | 47,405 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 3,002,262 | 3,070,424 | 1,942,933 | 611,552 | 1,888,473 | 1,918,531 | 1,819,340 | 1,317,483 | 1,197,900 | 1,348,904 | 1,047,281 | 851,391 | 1,146,587 | 1,548,149 | 1,254,206 |
| Group Debtors | 195,404 | 0 | 407,393 | 20,852 | 26,196 | 44,753 | 32,467 | 71,644 | 204,287 | 497,830 | 535,582 | 284,465 | 0 | 0 | 124,789 |
| Misc Debtors | 569,134 | 743,695 | 507,978 | 596,721 | 990,540 | 850,851 | 566,526 | 250,199 | 375,780 | 265,417 | 370,888 | 301,376 | 315,385 | 202,339 | 92,369 |
| Cash | 5,038,675 | 2,112,258 | 862,283 | 4,582,575 | 506,996 | 73,136 | 709,349 | 1,133,843 | 1,154,518 | 12,872 | 205,409 | 383,022 | 144,366 | 413,962 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 8,805,475 | 5,926,377 | 3,720,587 | 5,811,700 | 3,412,205 | 2,887,271 | 3,127,682 | 2,773,169 | 2,932,485 | 2,125,023 | 2,159,160 | 1,820,254 | 1,606,338 | 2,164,450 | 1,471,364 |
| total assets | 9,276,553 | 5,959,443 | 3,738,673 | 5,840,497 | 3,466,997 | 2,987,702 | 3,236,327 | 2,946,756 | 3,093,453 | 2,292,325 | 2,198,710 | 1,889,004 | 1,728,463 | 2,261,155 | 1,518,769 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 373,524 | 0 | 0 | 0 | 0 | 191,778 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 241,474 | 236,876 | 214,319 | 140,886 | 202,192 | 145,132 | 426,100 | 80,772 | 136,055 | 113,478 | 107,965 | 322,350 | 196,447 | 93,406 | 41,161 |
| Group/Directors Accounts | 9,704 | 2,412 | 0 | 24,237 | 0 | 207,096 | 0 | 0 | 0 | 0 | 0 | 0 | 58,043 | 695,747 | 599,807 |
| 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 | 3,535,546 | 2,573,137 | 2,449,866 | 3,358,356 | 833,865 | 828,199 | 875,734 | 770,393 | 634,362 | 490,953 | 1,349,230 | 1,023,975 | 1,064,659 | 1,215,259 | 685,923 |
| total current liabilities | 3,786,724 | 2,812,425 | 2,664,185 | 3,523,479 | 1,036,057 | 1,180,427 | 1,301,834 | 851,165 | 770,417 | 977,955 | 1,457,195 | 1,346,325 | 1,319,149 | 2,004,412 | 1,518,669 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 3,786,724 | 2,812,425 | 2,664,185 | 3,523,479 | 1,036,057 | 1,180,427 | 1,301,834 | 851,165 | 770,417 | 977,955 | 1,457,195 | 1,346,325 | 1,319,149 | 2,004,412 | 1,518,669 |
| net assets | 5,489,829 | 3,147,018 | 1,074,488 | 2,317,018 | 2,430,940 | 1,807,275 | 1,934,493 | 2,095,591 | 2,323,036 | 1,314,370 | 741,515 | 542,679 | 409,314 | 256,743 | 100 |
| total shareholders funds | 5,489,829 | 3,147,018 | 1,074,488 | 2,317,018 | 2,430,940 | 1,807,275 | 1,934,493 | 2,095,591 | 2,323,036 | 1,314,370 | 741,515 | 542,679 | 409,314 | 256,743 | 100 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 8,256,428 | 5,379,381 | 2,890,509 | 1,082,605 | 2,381,504 | 831,395 | 2,323,543 | 3,332,745 | 2,714,745 | 2,164,254 | 1,315,753 | 674,601 | 234,092 | 342,681 | 1,367,947 |
| Depreciation | 103,893 | 18,056 | 19,398 | 27,712 | 45,639 | 82,882 | 76,034 | 56,330 | 71,137 | 35,374 | 33,879 | 44,164 | 53,422 | 26,202 | 16,466 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -1,656,265 | -1,079,348 | -494,752 | -213,058 | -460,571 | -162,117 | -471,023 | -666,324 | -562,439 | -452,348 | -319,311 | -166,848 | -65,044 | -74,589 | -383,634 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -47,319 | 955,815 | 1,629,179 | -1,676,084 | 91,074 | 395,802 | 779,007 | -138,641 | -334,184 | 158,400 | 516,519 | -24,740 | -288,516 | 279,124 | 1,471,364 |
| Creditors | 4,598 | 22,557 | 73,433 | -61,306 | 57,060 | -280,968 | 345,328 | -55,283 | 22,577 | 5,513 | -214,385 | 125,903 | 103,041 | 52,245 | 41,161 |
| Accruals and Deferred Income | 962,409 | 123,271 | -908,490 | 2,524,491 | 5,666 | -47,535 | 105,341 | 136,031 | 143,409 | -858,277 | 325,255 | -40,684 | -150,600 | 529,336 | 685,923 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 7,718,382 | 3,508,102 | -49,081 | 5,036,528 | 1,938,224 | 27,855 | 1,600,216 | 2,942,140 | 2,723,613 | 736,116 | 624,672 | 661,876 | 463,427 | 596,751 | 256,499 |
| Investing Activities | |||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -74,668 | -11,092 | -68,949 | -64,803 | -163,126 | -4,679 | -9,942 | -78,842 | -69,579 | -10,695 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | -74,668 | -11,092 | -68,949 | -64,803 | -163,126 | -4,679 | -9,942 | -78,842 | -69,579 | -10,695 |
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 7,292 | 2,412 | -24,237 | 24,237 | -207,096 | 207,096 | 0 | 0 | 0 | 0 | 0 | -58,043 | -637,704 | 95,940 | 599,807 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 543 | 4,995 | 3,911 | 10,838 | 4,674 | 6,626 | 7,275 | -2,783 | 2,584 | -5,637 | -16,477 | -31,367 | 0 | ||
| cash flow from financing | 7,835 | 7,407 | -20,326 | 35,075 | 4,674 | 6,626 | 7,275 | -2,783 | 2,584 | -63,680 | -654,181 | 84,491 | 630,889 | ||
| cash and cash equivalents | |||||||||||||||
| cash | 2,926,417 | 1,249,975 | -3,720,292 | 4,075,579 | 433,860 | -636,213 | -424,494 | -20,675 | 1,141,646 | -192,537 | -177,613 | 238,656 | -269,596 | 413,962 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -373,524 | 373,524 | 0 | 0 | 0 | -191,778 | 191,778 |
| change in cash | 2,926,417 | 1,249,975 | -3,720,292 | 4,075,579 | 433,860 | -636,213 | -424,494 | -20,675 | 1,515,170 | -566,061 | -177,613 | 238,656 | -269,596 | 605,740 | -191,778 |
tradewind recruitment ltd Credit Report and Business Information
Tradewind Recruitment Ltd Competitor Analysis
Perform a competitor analysis for tradewind recruitment ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in WC1V area or any other competitors across 12 key performance metrics.
tradewind recruitment ltd Ownership
TRADEWIND RECRUITMENT LTD group structure
Tradewind Recruitment Ltd has no subsidiary companies.
Ultimate parent company
LEJOLI LTD
#0068194
2 parents
TRADEWIND RECRUITMENT LTD
04105705
tradewind recruitment ltd directors
Tradewind Recruitment Ltd currently has 3 directors. The longest serving directors include Ms Kati Lynch (Mar 2012) and Mr Michael Kaye (Aug 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Kati Lynch | United Kingdom | 45 years | Mar 2012 | - | Director |
| Mr Michael Kaye | United Kingdom | 63 years | Aug 2012 | - | Director |
| Mr Nicholas Murphy | United Kingdom | 46 years | May 2015 | - | Director |
P&L
August 2023turnover
75.1m
+17%
operating profit
8.3m
+53%
gross margin
29.7%
+3.1%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
5.5m
+0.74%
total assets
9.3m
+0.56%
cash
5m
+1.39%
net assets
Total assets minus all liabilities
tradewind recruitment ltd company details
company number
04105705
Type
Private limited with Share Capital
industry
78200 - Temporary employment agency activities
incorporation date
November 2000
age
24
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
August 2023
previous names
1st contact recruitment ltd (November 2004)
1st contact education limited (August 2003)
accountant
-
auditor
INDEPENDENT AUDITORS LLP
address
3rd floor 110 high holborn, london, WC1V 6JS
Bank
BARCLAYS BANK PLC
Legal Advisor
-
tradewind recruitment ltd 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 tradewind recruitment ltd. Currently there are 1 open charges and 2 have been satisfied in the past.
tradewind recruitment ltd 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 TRADEWIND RECRUITMENT LTD. This can take several minutes, an email will notify you when this has completed.
tradewind recruitment ltd Companies House Filings - See Documents
| date | description | view/download |
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