Acre Resources Limited

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acre resources limited Company Information

Live

MatureMidRapid

Company Number

04889608

Next Accounts

Jun 2025

Industry

Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.

Directors

Andrew Cartland

James Woods

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Shareholders

andrew john cartland

richard john wright

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Group Structure

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Contact

Registered Address

53-64 chancery house, chancery lane, london, WC2A 1QS

Website

www.acre.com

acre resources limited Estimated Valuation

£10m

Pomanda estimates the enterprise value of ACRE RESOURCES LIMITED at £10m based on a Turnover of £18.5m and 0.54x industry multiple (adjusted for size and gross margin).

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Acre Resources Limited is a live company located in london, WC2A 1QS with a Companies House number of 04889608. It operates in the other activities of employment placement agencies sector, SIC Code 78109. Founded in September 2003, it's largest shareholder is andrew john cartland with a 37.2% stake. Acre Resources Limited is a mature, mid sized company, Pomanda has estimated its turnover at £18.5m with rapid growth in recent years.

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Pomanda's financial health check has awarded Acre Resources Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

5 Strong

2 Regular

4 Weak

Size

annual sales of £18.5m, make it larger than the average company (£7.2m)

Growth

3 year (CAGR) sales growth of 74%, show it is growing at a faster rate (5%)

EXPORT

Acre Resources Limited's latest turnover from September 2023 is £18.5 million and the company has net assets of £1.6 million. According to their latest financial statements, Acre Resources Limited has 134 employees and maintains cash reserves of £581.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	18,525,780	19,051,879	9,207,415	3,520,837	4,929,488	3,449,433	4,852,496	5,035,828	8,344,315	6,956,754	9,127,530	5,102,849	3,456,442	3,032,792	1,039,790
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,285,756	2,521,232	1,614,754	2,690,567	3,784,221	2,637,789	3,694,339	3,845,179	6,371,178	5,268,534	6,821,802	3,636,383	2,339,953	2,140,510	0
Gross Profit	16,240,024	16,530,647	7,592,661	830,271	1,145,267	811,643	1,158,156	1,190,649	1,973,137	1,688,220	2,305,728	1,466,466	1,116,489	892,281	0
Admin Expenses	17,330,306	13,318,968	5,374,700	770,469	1,175,835	691,676	1,203,645	1,225,682	1,907,892	1,740,721	2,281,571	1,382,760	972,732	701,368	-63,803
Operating Profit	-1,090,282	3,211,679	2,217,961	59,802	-30,568	119,967	-45,489	-35,033	65,245	-52,501	24,157	83,706	143,757	190,913	63,803
Interest Payable	91,613	23,872	3,139	19,107	4,185	5,500	10,564	5,471	0	0	0	0	0	0	223
Interest Receivable	0	0	0	365	409	321	138	140	418	386	830	1,624	1,720	1,090	382
Pre-Tax Profit	-1,181,895	3,187,807	2,214,822	41,060	-34,344	114,788	-55,916	-40,364	65,663	-52,115	24,987	85,330	145,477	192,003	63,962
Tax	-116,330	-649,240	-423,604	-7,801	0	-21,810	0	0	-13,132	0	-5,747	-20,479	-37,824	-53,761	-15,180
Profit After Tax	-1,298,225	2,538,567	1,791,218	33,259	-34,344	92,978	-55,916	-40,364	52,530	-52,115	19,240	64,851	107,653	138,242	48,782
Dividends Paid	224,000	764,000	276,400	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-1,522,225	1,774,567	1,514,818	33,259	-34,344	92,978	-55,916	-40,364	52,530	-52,115	19,240	64,851	107,653	138,242	48,782
Employee Costs	10,029,498	6,197,077	0	1,638,388	1,576,174	1,398,585	1,787,256	1,757,809	1,749,986	1,615,388	2,276,202	1,376,056	930,293	1,066,844	0
Number Of Employees	134	100	46	39	36	33	43	43	44	41	62	37	26	30	0
EBITDA*	-1,076,045	3,258,349	2,254,444	123,553	18,278	174,455	-2,943	45,239	133,309	-9,302	58,250	113,205	147,778	194,153	67,892

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	0	0	3,140	13,758	27,855	26,414	26,236	37,216	156,771	145,322	155,235	160,036	12,066	9,722	12,269
Intangible Assets	10,169	7,355	41,453	49,309	74,687	61,000	83,584	57,130	0	0	0	0	0	0	0
Investments & Other	0	0	15	15	15	15	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	10,169	7,355	44,608	63,082	102,557	87,429	109,820	94,346	156,771	145,322	155,235	160,036	12,066	9,722	12,269
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	2,241,904	2,817,241	1,900,267	385,427	731,287	429,810	632,060	666,481	991,008	830,438	1,052,561	525,298	441,247	340,826	193,016
Group Debtors	0	0	691,901	520,563	431,112	124,627	0	0	0	0	0	0	0	0	0
Misc Debtors	2,622,297	2,911,274	1,404,549	575,728	741,119	662,623	461,274	486,086	0	0	0	0	0	0	23,833
Cash	581,948	1,469,435	396,975	666,005	64,551	44,626	41,056	69,100	43,218	123,799	30,461	301,657	348,006	340,016	95,881
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	5,446,149	7,197,950	4,393,692	2,147,723	1,968,069	1,261,686	1,134,390	1,221,667	1,034,226	954,237	1,083,022	826,955	789,253	680,842	312,730
total assets	5,456,318	7,205,305	4,438,300	2,210,805	2,070,626	1,349,115	1,244,210	1,316,013	1,190,997	1,099,559	1,238,257	986,991	801,319	690,564	324,999
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	60,000	60,000	60,000	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	274,241	268,904	133,568	60,056	101,638	68,230	96,418	83,959	502,979	469,070	569,495	337,469	216,662	213,560	20,312
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	654
other short term finances	1,292,055	1,067,531	0	0	124,009	0	162,976	175,081	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	2,070,938	2,449,604	1,817,402	964,756	1,199,661	605,486	398,876	419,803	0	0	0	0	0	0	75,271
total current liabilities	3,697,234	3,846,039	2,010,970	1,024,812	1,425,308	673,716	658,270	678,843	502,979	469,070	569,495	337,469	216,662	213,560	96,237
loans	120,000	180,000	240,000	502,436	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	5,644	7,722	18,767	13,787	9,524	13,043	8,357	18,841	13,842	0	0	0	0	0
total long term liabilities	120,000	185,644	247,722	521,203	13,787	9,524	13,043	8,357	18,841	13,842	0	0	0	0	0
total liabilities	3,817,234	4,031,683	2,258,692	1,546,015	1,439,095	683,240	671,313	687,200	521,820	482,912	569,495	337,469	216,662	213,560	96,237
net assets	1,639,084	3,173,622	2,179,608	664,790	631,531	665,875	572,897	628,813	669,177	616,647	668,762	649,522	584,657	477,004	228,762
total shareholders funds	1,639,084	3,173,622	2,179,608	664,790	631,531	665,875	572,897	628,813	669,177	616,647	668,762	649,522	584,657	477,004	228,762

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	-1,090,282	3,211,679	2,217,961	59,802	-30,568	119,967	-45,489	-35,033	65,245	-52,501	24,157	83,706	143,757	190,913	63,803
Depreciation	0	3,140	10,618	14,097	18,171	19,281	18,195	80,272	68,064	43,199	34,093	29,499	4,021	3,240	4,089
Amortisation	14,237	43,530	25,865	49,654	30,675	35,207	24,351	0	0	0	0	0	0	0	0
Tax	-116,330	-649,240	-423,604	-7,801	0	-21,810	0	0	-13,132	0	-5,747	-20,479	-37,824	-53,761	-15,180
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-864,314	1,731,798	2,514,999	-421,800	686,458	123,726	-59,233	161,559	160,570	-222,123	527,263	84,051	100,421	123,977	216,849
Creditors	5,337	135,336	73,512	-41,582	33,408	-28,188	12,459	-419,020	33,909	-100,425	232,026	120,807	3,102	193,248	20,312
Accruals and Deferred Income	-378,666	632,202	852,646	-234,905	594,175	206,610	-20,927	419,803	0	0	0	0	0	-75,271	75,271
Deferred Taxes & Provisions	-5,644	-2,078	-11,045	4,980	4,263	-3,519	4,686	-10,484	4,999	13,842	0	0	0	0	0
Cash flow from operations	-707,034	1,642,771	230,954	266,045	-36,334	203,822	52,508	-126,021	-1,485	126,238	-242,734	129,482	12,635	134,392	-68,554
Investing Activities
capital expenditure	0	0	-18,009	-24,276	-63,974	-32,082	-58,020	-17,847	-79,513	-33,286	-29,292	-177,469	-6,365	-693	-16,358
Change in Investments	0	-15	0	0	0	15	0	0	0	0	0	0	0	0	0
cash flow from investments	0	15	-18,009	-24,276	-63,974	-32,097	-58,020	-17,847	-79,513	-33,286	-29,292	-177,469	-6,365	-693	-16,358
Financing Activities
Bank loans	0	0	60,000	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	-654	654
Other Short Term Loans	224,524	1,067,531	0	-124,009	124,009	-162,976	-12,105	175,081	0	0	0	0	0	0	0
Long term loans	-60,000	-60,000	-262,436	502,436	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	-12,313	-780,553	0	0	0	0	0	0	0	0	0	14	0	110,000	179,980
interest	-91,613	-23,872	-3,139	-18,742	-3,776	-5,179	-10,426	-5,331	418	386	830	1,624	1,720	1,090	159
cash flow from financing	60,598	203,106	-205,575	359,685	120,233	-168,155	-22,531	169,750	418	386	830	1,638	1,720	110,436	180,793
cash and cash equivalents
cash	-887,487	1,072,460	-269,030	601,454	19,925	3,570	-28,044	25,882	-80,581	93,338	-271,196	-46,349	7,990	244,135	95,881
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-887,487	1,072,460	-269,030	601,454	19,925	3,570	-28,044	25,882	-80,581	93,338	-271,196	-46,349	7,990	244,135	95,881

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ACRE RESOURCES LIMITED group structure

Acre Resources Limited has no subsidiary companies.

Ultimate parent company

ACRE RESOURCES LIMITED

04889608

ACRE RESOURCES LIMITED Shareholders

andrew john cartland	37.21%
richard john wright	24.01%
jim woods	14.79%
ian nash	13.7%
richard wright	10.29%

Acre Resources Limited currently has 4 directors. The longest serving directors include Mr Andrew Cartland (Sep 2003) and Mr James Woods (Oct 2007).

officer	country	age	start	end	role
Mr Andrew Cartland	England	46 years	Sep 2003	-	Director
Mr James Woods	United Kingdom	52 years	Oct 2007	-	Director
Mr Ian Nash	United Kingdom	70 years	Jul 2010	-	Director
Mr Richard Wright	United Kingdom	59 years	Aug 2012	-	Director

P&L

September 2023

turnover

18.5m

-3%

operating profit

-1.1m

-134%

gross margin

87.7%

+1.03%

turnover

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

Balance Sheet

September 2023

net assets

1.6m

-0.48%

total assets

5.5m

-0.24%

cash

581.9k

-0.6%

net assets

Total assets minus all liabilities

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company number

04889608

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

September 2003

ultimate parent company

None

previous names

oxygen recruitment limited (November 2004)

address

53-64 chancery house, chancery lane, london, WC2A 1QS

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 2 charges/mortgages relating to acre resources limited. Currently there are 2 open charges and 0 have been satisfied in the past.

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acre resources limited Company Information

acre resources limited Estimated Valuation

acre resources limited Estimated Valuation

acre resources limited Estimated Valuation

Acre Resources Limited Overview

Acre Resources Limited Health Check

ACRE RESOURCES LIMITED financials

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acre resources limited Ownership

acre resources limited directors

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