First Outsourcing Limited

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first outsourcing limited Company Information

Company Number

06341538

Next Accounts

Dec 2025

Directors

Matthew Reddy

Shareholders

first personnel group limited

Group Structure

View All

Industry

Temporary employment agency activities

Registered Address

celtic house, 135-140 hatherton street, walsall, west midlands, WS1 1YB

Website

www.flexrecruitment.co.uk

first outsourcing limited Estimated Valuation

£2.1k

Pomanda estimates the enterprise value of FIRST OUTSOURCING LIMITED at £2.1k based on a Turnover of £16.3k and 0.13x industry multiple (adjusted for size and gross margin).

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First Outsourcing Limited is a live company located in walsall, WS1 1YB with a Companies House number of 06341538. It operates in the temporary employment agency activities sector, SIC Code 78200. Founded in August 2007, it's largest shareholder is first personnel group limited with a 100% stake. First Outsourcing Limited is a established, micro sized company, Pomanda has estimated its turnover at £16.3k with rapid growth in recent years.

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Pomanda's financial health check has awarded First Outsourcing Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

2 Strong

1 Regular

4 Weak

Size

annual sales of £16.3k, make it smaller than the average company (£13.3m)

Growth

3 year (CAGR) sales growth of 209%, show it is growing at a faster rate (8%)

EXPORT

First Outsourcing Limited's latest turnover from March 2024 is estimated at £16.3 thousand and the company has net assets of £100. According to their latest financial statements, First Outsourcing Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Dec 2016
Turnover	16,301	17,785	16,157	551	2,360	2,835,754	5,443,115	5,713,431
Other Income Or Grants
Cost Of Sales	14,476	15,783	14,549	499	2,109	2,525,428	4,829,779	5,089,284
Gross Profit	1,825	2,002	1,608	52	251	310,326	613,336	624,147
Admin Expenses	1,825	2,002	1,608	52	-45,879	232,163	587,077	602,236
Operating Profit					46,130	78,163	26,259	21,911
Interest Payable					46,007	78,200	26,280	21,915
Interest Receivable					1	37	22	5
Pre-Tax Profit					123
Tax					-23
Profit After Tax					100
Dividends Paid
Retained Profit					100
Employee Costs	49,350	48,887	44,603	40,989	41,264	623,079	1,006,223	855,219
Number Of Employees	1	1	1	1	1	16	26	21
EBITDA*					46,130	78,163	113,121	28,660

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Dec 2016	Mar 2016
Tangible Assets						352,086		54,575
Intangible Assets							341,624	413,486
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets						352,086	341,624	468,061
Stock & work in progress
Trade Debtors	100	100	100	100	417	664,299	1,293,611	1,353,877
Group Debtors							811,392
Misc Debtors							15,752	10,647	100
Cash						1,262	8,696	3,676
misc current assets
total current assets	100	100	100	100	417	1,250,935	2,129,451	1,368,200	100
total assets	100	100	100	100	417	1,603,021	2,471,075	1,836,261	100
Bank overdraft						211,698	808,625	701,292
Bank loan
Trade Creditors
Group/Directors Accounts							1,554,780	592,292
other short term finances						1,296,719
hp & lease commitments
other current liabilities					317		107,570	542,577
total current liabilities					317	1,602,921	2,470,975	1,836,161
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities					317	1,602,921	2,470,975	1,836,161
net assets	100	100	100	100	100	100	100	100	100
total shareholders funds	100	100	100	100	100	100	100	100	100

	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Dec 2016	Mar 2016
Operating Activities
Operating Profit		46,130	78,163	26,259	21,911
Depreciation					925
Amortisation				86,862	5,824
Tax		-23
Stock
Debtors	-317	-663,882	-1,456,456	2,120,755	1,364,524	100
Creditors
Accruals and Deferred Income	-317	317	-107,570	107,570	542,577
Deferred Taxes & Provisions
Cash flow from operations		710,306	1,427,049	-1,900,064	-793,287	-100
Investing Activities
capital expenditure		352,086	-10,462	-428,486	-474,810
Change in Investments
cash flow from investments		352,086	-10,462	-428,486	-474,810
Financing Activities
Bank loans
Group/Directors Accounts			-1,554,780	1,554,780	592,292
Other Short Term Loans		-1,296,719	1,296,719
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue		-100		100	100	100
interest		-46,006	-78,163	-26,258	-21,910
cash flow from financing		-1,342,825	-336,224	1,528,622	570,482	100
cash and cash equivalents
cash		-1,262	-7,434	8,696	3,676
overdraft		-211,698	-596,927	808,625	701,292
change in cash		210,436	589,493	-799,929	-697,616

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for first outsourcing limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in WS1 area or any other competitors across 12 key performance metrics.

FIRST OUTSOURCING LIMITED group structure

First Outsourcing Limited has no subsidiary companies.

Ultimate parent company

FIRST PERSONNEL GROUP LIMITED

02904526

1 parent

FIRST OUTSOURCING LIMITED

06341538

FIRST OUTSOURCING LIMITED Shareholders

first personnel group limited

100%

First Outsourcing Limited currently has 1 director, Mr Matthew Reddy serving since Aug 2007.

officer	country	age	start	end	role
Mr Matthew Reddy	England	45 years	Aug 2007	-	Director

P&L

March 2024

turnover

16.3k

-8%

operating profit

gross margin

11.2%

-0.51%

turnover

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

Balance Sheet

March 2024

net assets

100

total assets

100

cash

net assets

Total assets minus all liabilities

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company number

06341538

Type

Private limited with Share Capital

industry

78200 - Temporary employment agency activities

incorporation date

August 2007

ultimate parent company

FIRST PERSONNEL GROUP LIMITED

previous names

flex recruitment ltd (June 2023)

flex recruitment plus limited (February 2017)

address

celtic house, 135-140 hatherton street, walsall, west midlands, WS1 1YB

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 first outsourcing limited. Currently there are 0 open charges and 3 have been satisfied in the past.

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first outsourcing limited Company Information

first outsourcing limited Estimated Valuation

first outsourcing limited Estimated Valuation

first outsourcing limited Estimated Valuation

First Outsourcing Limited Overview

First Outsourcing Limited Health Check

FIRST OUTSOURCING LIMITED financials

first outsourcing limited Credit Report and Business Information

First Outsourcing Limited Competitor Analysis

first outsourcing limited Ownership

first outsourcing limited directors

first outsourcing limited company details

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