michael page international recruitment limited Company Information
Company Number
04130921
Website
http://michaelpage.beRegistered Address
200 dashwood lang road, bourne business park, addlestone, surrey, KT15 2NX
Industry
Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
Telephone
01932264000
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
pagegroup plc 100%
michael page international recruitment limited Estimated Valuation
Pomanda estimates the enterprise value of MICHAEL PAGE INTERNATIONAL RECRUITMENT LIMITED at £166.5m based on a Turnover of £317.9m and 0.52x industry multiple (adjusted for size and gross margin).
michael page international recruitment limited Estimated Valuation
Pomanda estimates the enterprise value of MICHAEL PAGE INTERNATIONAL RECRUITMENT LIMITED at £235.9m based on an EBITDA of £23.1m and a 10.23x industry multiple (adjusted for size and gross margin).
michael page international recruitment limited Estimated Valuation
Pomanda estimates the enterprise value of MICHAEL PAGE INTERNATIONAL RECRUITMENT LIMITED at £1.1b based on Net Assets of £708.1m and 1.58x industry multiple (adjusted for liquidity).
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Michael Page International Recruitment Limited Overview
Michael Page International Recruitment Limited is a live company located in addlestone, KT15 2NX with a Companies House number of 04130921. It operates in the other activities of employment placement agencies sector, SIC Code 78109. Founded in December 2000, it's largest shareholder is pagegroup plc with a 100% stake. Michael Page International Recruitment Limited is a mature, mega sized company, Pomanda has estimated its turnover at £317.9m with low growth in recent years.
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Michael Page International Recruitment Limited Health Check
Pomanda's financial health check has awarded Michael Page International Recruitment Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
4 Weak
Size
annual sales of £317.9m, make it larger than the average company (£7.3m)
£317.9m - Michael Page International Recruitment Limited
£7.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (3%)
1% - Michael Page International Recruitment Limited
3% - Industry AVG
Production
with a gross margin of 46.4%, this company has a lower cost of product (27.1%)
46.4% - Michael Page International Recruitment Limited
27.1% - Industry AVG
Profitability
an operating margin of 6.3% make it more profitable than the average company (4.9%)
6.3% - Michael Page International Recruitment Limited
4.9% - Industry AVG
Employees
with 1338 employees, this is above the industry average (35)
1338 - Michael Page International Recruitment Limited
35 - Industry AVG
Pay Structure
on an average salary of £87.6k, the company has a higher pay structure (£52.7k)
£87.6k - Michael Page International Recruitment Limited
£52.7k - Industry AVG
Efficiency
resulting in sales per employee of £237.6k, this is more efficient (£200.6k)
£237.6k - Michael Page International Recruitment Limited
£200.6k - Industry AVG
Debtor Days
it gets paid by customers after 50 days, this is near the average (50 days)
50 days - Michael Page International Recruitment Limited
50 days - Industry AVG
Creditor Days
its suppliers are paid after 5 days, this is quicker than average (10 days)
5 days - Michael Page International Recruitment Limited
10 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Michael Page International Recruitment Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (12 weeks)
0 weeks - Michael Page International Recruitment Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 60.4%, this is a lower level of debt than the average (68.6%)
60.4% - Michael Page International Recruitment Limited
68.6% - Industry AVG
michael page international recruitment limited Credit Report and Business Information
Michael Page International Recruitment Limited Competitor Analysis
Perform a competitor analysis for michael page international recruitment limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
michael page international recruitment limited Ownership
MICHAEL PAGE INTERNATIONAL RECRUITMENT LIMITED group structure
Michael Page International Recruitment Limited has 1 subsidiary company.
Ultimate parent company
1 parent
MICHAEL PAGE INTERNATIONAL RECRUITMENT LIMITED
04130921
1 subsidiary
michael page international recruitment limited directors
Michael Page International Recruitment Limited currently has 4 directors. The longest serving directors include Mr Kelvin Stagg (Apr 2012) and Ms Kaye Maguire (Dec 2018).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Kelvin Stagg | England | 52 years | Apr 2012 | - | Director |
Ms Kaye Maguire | England | 46 years | Dec 2018 | - | Director |
Mr Nicholas Kirk | England | 53 years | Aug 2021 | - | Director |
Mrs Julia Dickson | England | 50 years | Oct 2022 | - | Director |
MICHAEL PAGE INTERNATIONAL RECRUITMENT LIMITED financials
Michael Page International Recruitment Limited's latest turnover from December 2022 is £317.9 million and the company has net assets of £708.1 million. According to their latest financial statements, Michael Page International Recruitment Limited has 1,338 employees and maintains cash reserves of £2.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
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 | 317,909,000 | 270,609,000 | 216,962,000 | 312,968,000 | 312,891,000 | 312,080,000 | 323,665,000 | 337,975,000 | 324,082,000 | 297,756,000 | 294,798,000 | 323,553,000 | 301,190,000 | 273,367,000 |
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cost Of Sales | 170,354,000 | 143,686,000 | 136,314,000 | 178,568,000 | 175,148,000 | 172,147,000 | 178,037,000 | 186,702,000 | 186,547,000 | 173,801,000 | 173,579,000 | 193,800,000 | 176,603,000 | 162,312,000 |
Gross Profit | 147,555,000 | 126,923,000 | 80,648,000 | 134,400,000 | 137,743,000 | 139,933,000 | 145,628,000 | 151,273,000 | 137,535,000 | 123,955,000 | 121,219,000 | 129,753,000 | 124,587,000 | 111,055,000 |
Admin Expenses | 127,429,000 | 113,649,000 | 81,247,000 | 120,572,000 | 121,711,000 | 92,221,000 | 82,469,000 | 90,756,000 | 80,730,000 | 116,124,000 | 85,873,000 | 83,337,000 | 79,574,000 | 77,353,000 |
Operating Profit | 20,126,000 | 13,274,000 | -599,000 | 13,828,000 | 16,032,000 | 47,712,000 | 63,159,000 | 60,517,000 | 56,805,000 | 7,831,000 | 35,346,000 | 46,416,000 | 45,013,000 | 33,702,000 |
Interest Payable | 29,000 | 12,000 | 52,000 | 80,000 | 74,000 | 74,000 | 75,000 | 67,000 | 269,000 | 69,000 | 412,000 | 0 | 0 | |
Interest Receivable | 0 | 0 | 0 | 0 | 3,000 | 3,000 | 0 | 365,000 | 0 | 4,000 | 0 | 0 | 0 | 0 |
Pre-Tax Profit | 60,573,000 | 25,462,000 | 28,946,000 | 55,985,000 | 18,881,000 | 47,641,000 | 63,084,000 | 60,815,000 | 62,498,000 | 27,650,000 | 40,057,000 | 46,416,000 | 46,513,000 | 33,702,000 |
Tax | -7,543,000 | -1,988,000 | -227,000 | -2,425,000 | -4,264,000 | -7,256,000 | -12,741,000 | -8,949,000 | -11,127,000 | -5,629,000 | -11,698,000 | -7,921,000 | -12,752,000 | -6,158,000 |
Profit After Tax | 53,030,000 | 23,474,000 | 28,719,000 | 53,560,000 | 14,617,000 | 40,385,000 | 50,343,000 | 51,866,000 | 51,371,000 | 22,021,000 | 28,359,000 | 38,495,000 | 33,761,000 | 27,544,000 |
Dividends Paid | 0 | 12,200,000 | 129,597,000 | 42,237,000 | 2,869,000 | 0 | 0 | 0 | 0 | 19,884,000 | 5,123,000 | 15,000,000 | 7,476,000 | 0 |
Retained Profit | 53,030,000 | 11,274,000 | -100,878,000 | 11,323,000 | 11,748,000 | 40,385,000 | 50,343,000 | 51,866,000 | 45,679,000 | 2,137,000 | 23,236,000 | 23,495,000 | 26,285,000 | 27,544,000 |
Employee Costs | 117,203,000 | 101,116,000 | 77,576,000 | 103,285,000 | 106,372,000 | 84,159,000 | 73,601,000 | 75,622,000 | 66,106,000 | 63,651,000 | 58,536,000 | 62,889,000 | 57,541,000 | 54,480,000 |
Number Of Employees | 1,338 | 1,232 | 1,092 | 1,374 | 1,417 | 1,274 | 1,126 | 1,176 | 1,096 | 961 | 997 | 1,095 | 990 | 1,055 |
EBITDA* | 23,052,000 | 15,272,000 | 1,444,000 | 16,065,000 | 18,132,000 | 49,061,000 | 63,623,000 | 61,094,000 | 57,399,000 | 8,401,000 | 35,909,000 | 46,818,000 | 45,403,000 | 34,206,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
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 | 10,894,000 | 375,333,000 | 372,396,000 | 374,535,000 | 358,768,000 | 359,581,000 | 352,686,000 | 352,921,000 | 353,165,000 | 1,121,000 | 1,228,000 | 1,178,000 | 779,000 | 1,056,000 |
Intangible Assets | 118,000 | 592,000 | 705,000 | 636,000 | 529,000 | 477,000 | 157,000 | 194,000 | 314,000 | 434,000 | 554,000 | 467,000 | 0 | 0 |
Investments & Other | 364,910,000 | 364,695,000 | 364,695,000 | 364,695,000 | 351,413,000 | 351,413,000 | 351,413,000 | 351,413,000 | 351,413,000 | 351,413,000 | 351,413,000 | 351,413,000 | 351,413,000 | 351,413,000 |
Debtors (Due After 1 year) | 1,339,936,000 | 1,958,000 | 855,000 | 1,275,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 1,715,858,000 | 373,967,000 | 372,246,000 | 373,896,000 | 359,297,000 | 360,058,000 | 352,843,000 | 353,115,000 | 353,479,000 | 352,968,000 | 353,195,000 | 353,058,000 | 352,192,000 | 352,469,000 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 43,818,000 | 35,251,000 | 20,182,000 | 35,287,000 | 35,825,000 | 43,828,000 | 35,340,000 | 38,910,000 | 36,252,000 | 35,042,000 | 33,221,000 | 40,864,000 | 39,881,000 | 29,592,000 |
Group Debtors | 0 | 1,151,347,000 | 1,277,941,000 | 1,063,752,000 | 1,093,405,000 | 912,988,000 | 868,736,000 | 812,029,000 | 801,707,000 | 701,085,000 | 731,238,000 | 702,543,000 | 965,721,000 | 662,420,000 |
Misc Debtors | 28,120,000 | 27,221,000 | 13,903,000 | 17,662,000 | 18,331,000 | 13,552,000 | 17,096,000 | 18,125,000 | 12,722,000 | 10,958,000 | 11,584,000 | 11,759,000 | 10,646,000 | 7,581,000 |
Cash | 2,282,000 | 2,183,000 | 4,693,000 | 1,762,000 | 1,067,000 | 2,862,000 | 1,507,000 | 1,584,000 | 1,390,000 | 1,589,000 | 118,000 | 0 | 0 | 0 |
misc current assets | 0 | 0 | 0 | 0 | 1,060,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 74,220,000 | 1,216,002,000 | 1,316,719,000 | 1,128,094,000 | 1,149,688,000 | 973,230,000 | 922,679,000 | 870,648,000 | 852,071,000 | 748,674,000 | 776,161,000 | 755,166,000 | 1,016,248,000 | 699,593,000 |
total assets | 1,790,078,000 | 1,589,969,000 | 1,688,965,000 | 1,501,990,000 | 1,508,985,000 | 1,333,288,000 | 1,275,522,000 | 1,223,763,000 | 1,205,550,000 | 1,101,642,000 | 1,129,356,000 | 1,108,224,000 | 1,368,440,000 | 1,052,062,000 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,000 | 72,000 | 131,000 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 2,384,000 | 3,505,000 | 1,674,000 | 1,889,000 | 149,000 | 777,000 | 102,000 | 312,000 | 325,000 | 147,000 | 212,000 | 325,000 | 176,000 | 0 |
Group/Directors Accounts | 1,049,116,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 427,319,000 | 454,175,000 | 462,884,000 | 745,342,000 | 401,854,000 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 340,000 | 171,000 | 84,000 | 223,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 25,466,000 | 789,785,000 | 905,507,000 | 619,552,000 | 657,632,000 | 496,596,000 | 483,306,000 | 482,031,000 | 517,058,000 | 32,352,000 | 35,284,000 | 31,160,000 | 33,844,000 | 90,251,000 |
total current liabilities | 1,077,306,000 | 793,461,000 | 907,265,000 | 621,664,000 | 657,781,000 | 497,373,000 | 483,408,000 | 482,343,000 | 517,383,000 | 459,818,000 | 489,671,000 | 494,377,000 | 779,434,000 | 492,236,000 |
loans | 0 | 1,650,000 | 1,466,000 | 1,764,000 | 0 | 0 | 0 | 0 | 0 | 0 | 1,155,000 | 0 | 421,544,000 | 421,544,000 |
hp & lease commitments | 2,090,000 | 825,000 | 733,000 | 882,000 | 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 |
other liabilities | 0 | 0 | 2,116,000 | 2,128,000 | 1,895,000 | 2,074,000 | 193,000 | 378,000 | 339,000 | 604,000 | 483,000 | 756,000 | 1,605,000 | 861,000 |
provisions | 2,612,000 | 5,184,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 4,702,000 | 3,417,000 | 2,849,000 | 3,010,000 | 1,895,000 | 2,074,000 | 193,000 | 378,000 | 339,000 | 604,000 | 1,638,000 | 756,000 | 423,149,000 | 422,405,000 |
total liabilities | 1,082,008,000 | 796,878,000 | 910,114,000 | 624,674,000 | 659,676,000 | 499,447,000 | 483,601,000 | 482,721,000 | 517,722,000 | 460,422,000 | 491,309,000 | 495,133,000 | 1,202,583,000 | 914,641,000 |
net assets | 708,070,000 | 793,091,000 | 778,851,000 | 877,316,000 | 849,309,000 | 833,841,000 | 791,921,000 | 741,042,000 | 687,828,000 | 641,220,000 | 638,047,000 | 613,091,000 | 165,857,000 | 137,421,000 |
total shareholders funds | 708,070,000 | 793,091,000 | 778,851,000 | 877,316,000 | 849,309,000 | 833,841,000 | 791,921,000 | 741,042,000 | 687,828,000 | 641,220,000 | 638,047,000 | 613,091,000 | 165,857,000 | 137,421,000 |
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 | 20,126,000 | 13,274,000 | -599,000 | 13,828,000 | 16,032,000 | 47,712,000 | 63,159,000 | 60,517,000 | 56,805,000 | 7,831,000 | 35,346,000 | 46,416,000 | 45,013,000 | 33,702,000 |
Depreciation | 2,855,000 | 1,783,000 | 1,893,000 | 2,049,000 | 1,938,000 | 1,112,000 | 427,000 | 457,000 | 474,000 | 450,000 | 453,000 | 402,000 | 390,000 | 504,000 |
Amortisation | 71,000 | 215,000 | 150,000 | 188,000 | 162,000 | 237,000 | 37,000 | 120,000 | 120,000 | 120,000 | 110,000 | 0 | 0 | |
Tax | -7,543,000 | -1,988,000 | -227,000 | -2,425,000 | -4,264,000 | -7,256,000 | -12,741,000 | -8,949,000 | -11,127,000 | -5,629,000 | -11,698,000 | -7,921,000 | -12,752,000 | -6,158,000 |
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | 196,097,000 | -97,104,000 | 194,905,000 | -29,585,000 | 177,193,000 | 49,196,000 | 52,108,000 | 18,383,000 | 103,596,000 | -28,958,000 | 20,877,000 | -261,082,000 | 316,655,000 | 699,593,000 |
Creditors | -1,121,000 | 1,831,000 | -215,000 | 1,740,000 | -628,000 | 675,000 | -210,000 | -13,000 | 178,000 | -65,000 | -113,000 | 149,000 | 176,000 | 0 |
Accruals and Deferred Income | -764,319,000 | -115,722,000 | 285,955,000 | -38,080,000 | 161,036,000 | 13,290,000 | 1,275,000 | -35,027,000 | 484,706,000 | -2,932,000 | 4,124,000 | -2,684,000 | -56,407,000 | 90,251,000 |
Deferred Taxes & Provisions | -2,572,000 | 5,184,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | -948,600,000 | 1,681,000 | 92,052,000 | 6,885,000 | -2,917,000 | 6,574,000 | -161,000 | -1,278,000 | 427,560,000 | 28,733,000 | 7,345,000 | -340,235,000 | -581,294,000 | |
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 215,000 | 0 | 0 | 13,282,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 351,413,000 |
cash flow from investments | ||||||||||||||
Financing Activities | ||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 1,049,116,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -427,319,000 | -26,856,000 | -8,709,000 | -282,458,000 | 343,488,000 | 401,854,000 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | -1,650,000 | 184,000 | -298,000 | 1,764,000 | 0 | 0 | 0 | 0 | 0 | -1,155,000 | 1,155,000 | -421,544,000 | 0 | 421,544,000 |
Hire Purchase and Lease Commitments | 1,434,000 | 179,000 | -288,000 | 1,105,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | -2,116,000 | -12,000 | 233,000 | -179,000 | 1,881,000 | -185,000 | 39,000 | -265,000 | 121,000 | -273,000 | -849,000 | 744,000 | 861,000 |
share issue | ||||||||||||||
interest | -29,000 | -12,000 | -52,000 | -80,000 | -71,000 | -71,000 | -75,000 | 298,000 | -269,000 | -65,000 | -412,000 | 0 | 0 | |
cash flow from financing | 910,820,000 | 1,201,000 | 1,763,000 | 19,706,000 | 3,470,000 | 3,345,000 | 276,000 | 1,685,000 | -426,924,000 | -26,919,000 | -6,519,000 | -281,112,000 | 346,383,000 | |
cash and cash equivalents | ||||||||||||||
cash | 99,000 | -2,510,000 | 2,931,000 | 695,000 | -1,795,000 | 1,355,000 | -77,000 | 194,000 | -199,000 | 1,471,000 | 118,000 | 0 | 0 | 0 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -8,000 | -64,000 | -59,000 | 131,000 |
change in cash | 99,000 | -2,510,000 | 2,931,000 | 695,000 | -1,795,000 | 1,355,000 | -77,000 | 194,000 | -199,000 | 1,471,000 | 126,000 | 64,000 | 59,000 | -131,000 |
P&L
December 2022turnover
317.9m
+17%
operating profit
20.1m
+52%
gross margin
46.5%
-1.04%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
708.1m
-0.11%
total assets
1.8b
+0.13%
cash
2.3m
+0.05%
net assets
Total assets minus all liabilities
michael page international recruitment limited company details
company number
04130921
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.
incorporation date
December 2000
age
24
accounts
Full Accounts
ultimate parent company
previous names
precis (1966) limited (February 2001)
incorporated
UK
address
200 dashwood lang road, bourne business park, addlestone, surrey, KT15 2NX
last accounts submitted
December 2022
michael page international 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 1 charges/mortgages relating to michael page international recruitment limited. Currently there are 1 open charges and 0 have been satisfied in the past.
michael page international recruitment limited Companies House Filings - See Documents
date | description | view/download |
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