understanding recruitment ltd
understanding recruitment ltd Company Information
Company Number
06364614
Next Accounts
Sep 2025
Industry
Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
Shareholders
understanding recruitment employee ownership trust
christopher mark robert jackson
View AllGroup Structure
View All
Contact
Registered Address
second floorsuite abbeyview, 38-40 the maltings, st albans, hertfordshire, AL1 3HL
understanding recruitment ltd Estimated Valuation
Pomanda estimates the enterprise value of UNDERSTANDING RECRUITMENT LTD at £5.6m based on a Turnover of £16.8m and 0.33x industry multiple (adjusted for size and gross margin).
understanding recruitment ltd Estimated Valuation
Pomanda estimates the enterprise value of UNDERSTANDING RECRUITMENT LTD at £0 based on an EBITDA of £-900.9k and a 5.37x industry multiple (adjusted for size and gross margin).
understanding recruitment ltd Estimated Valuation
Pomanda estimates the enterprise value of UNDERSTANDING RECRUITMENT LTD at £2.1m based on Net Assets of £1.3m and 1.58x industry multiple (adjusted for liquidity).
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Understanding Recruitment Ltd Overview
Understanding Recruitment Ltd is a live company located in st albans, AL1 3HL with a Companies House number of 06364614. It operates in the other activities of employment placement agencies sector, SIC Code 78109. Founded in September 2007, it's largest shareholder is understanding recruitment employee ownership trust with a 60% stake. Understanding Recruitment Ltd is a established, mid sized company, Pomanda has estimated its turnover at £16.8m with rapid growth in recent years.
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Understanding Recruitment Ltd Health Check
Pomanda's financial health check has awarded Understanding Recruitment Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs
7 Strong
2 Regular
2 Weak
Size
annual sales of £16.8m, make it larger than the average company (£11m)
£16.8m - Understanding Recruitment Ltd
£11m - Industry AVG
Growth
3 year (CAGR) sales growth of 59%, show it is growing at a faster rate (6.6%)
- Understanding Recruitment Ltd
6.6% - Industry AVG
Production
with a gross margin of 47.6%, this company has a lower cost of product (25.1%)
47.6% - Understanding Recruitment Ltd
25.1% - Industry AVG
Profitability
an operating margin of -6% make it less profitable than the average company (3.9%)
-6% - Understanding Recruitment Ltd
3.9% - Industry AVG
Employees
with 93 employees, this is above the industry average (46)
93 - Understanding Recruitment Ltd
46 - Industry AVG
Pay Structure
on an average salary of £76k, the company has a higher pay structure (£57k)
£76k - Understanding Recruitment Ltd
£57k - Industry AVG
Efficiency
resulting in sales per employee of £181.1k, this is equally as efficient (£188.5k)
£181.1k - Understanding Recruitment Ltd
£188.5k - Industry AVG
Debtor Days
it gets paid by customers after 19 days, this is earlier than average (45 days)
19 days - Understanding Recruitment Ltd
45 days - Industry AVG
Creditor Days
its suppliers are paid after 8 days, this is close to average (9 days)
8 days - Understanding Recruitment Ltd
9 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Understanding Recruitment Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 31 weeks, this is more cash available to meet short term requirements (10 weeks)
31 weeks - Understanding Recruitment Ltd
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 57.9%, this is a lower level of debt than the average (67.2%)
57.9% - Understanding Recruitment Ltd
67.2% - Industry AVG
UNDERSTANDING RECRUITMENT LTD financials
Understanding Recruitment Ltd's latest turnover from December 2023 is £16.8 million and the company has net assets of £1.3 million. According to their latest financial statements, Understanding Recruitment Ltd has 93 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | 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 | 16,844,468 | 24,034,445 | 12,760,626 | ||||||||||||
| Other Income Or Grants | 0 | 0 | 0 | ||||||||||||
| Cost Of Sales | 8,823,600 | 10,634,043 | 4,750,482 | ||||||||||||
| Gross Profit | 8,020,868 | 13,400,402 | 8,010,144 | ||||||||||||
| Admin Expenses | 9,025,228 | 8,396,393 | 5,443,658 | ||||||||||||
| Operating Profit | -1,004,360 | 5,004,009 | 2,566,486 | ||||||||||||
| Interest Payable | 39,436 | 36,063 | 18,177 | ||||||||||||
| Interest Receivable | 10 | 3 | 0 | ||||||||||||
| Pre-Tax Profit | -1,043,786 | 4,967,949 | 2,548,309 | ||||||||||||
| Tax | 466,046 | -1,080,011 | -600,925 | ||||||||||||
| Profit After Tax | -577,740 | 3,887,938 | 1,947,384 | ||||||||||||
| Dividends Paid | 0 | 0 | 0 | ||||||||||||
| Retained Profit | -586,691 | 3,906,255 | 1,947,384 | ||||||||||||
| Employee Costs | 7,071,307 | 6,776,843 | |||||||||||||
| Number Of Employees | 93 | 86 | 51 | 47 | 45 | 38 | 38 | 28 | 24 | ||||||
| EBITDA* | -900,926 | 5,108,079 | 2,646,016 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | 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 | 102,229 | 185,282 | 159,698 | 150,939 | 208,439 | 47,382 | 36,956 | 37,960 | 29,011 | 32,046 | 37,432 | 3,381 | 4,921 | 3,337 | 566 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 16 | 16 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 160,659 | 160,659 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 102,229 | 185,282 | 159,698 | 311,614 | 369,114 | 47,382 | 36,956 | 37,960 | 29,011 | 32,046 | 37,432 | 3,381 | 4,921 | 3,337 | 566 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 900,032 | 2,150,906 | 1,319,193 | 454,193 | 753,810 | 754,431 | 770,349 | 742,173 | 494,653 | 326,768 | 244,461 | 376,590 | 330,611 | 298,960 | 150,168 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,387,491 | 1,469,436 | 583,235 | 280,024 | 119,984 | 79,261 | 139,261 | 51,537 | 0 | 52,575 | 57,503 | 0 | 0 | 0 | 0 |
| Cash | 1,138,534 | 3,731,992 | 2,912,014 | 1,489,766 | 576,314 | 761,325 | 1,245,727 | 882,601 | 838,388 | 601,995 | 269,486 | 266,082 | 292,566 | 129,694 | 124,254 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 113,916 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,426,057 | 7,352,334 | 4,814,442 | 2,223,983 | 1,450,108 | 1,708,933 | 2,155,337 | 1,676,311 | 1,333,041 | 981,338 | 571,450 | 642,672 | 623,177 | 428,654 | 274,422 |
| total assets | 3,528,286 | 7,537,616 | 4,974,140 | 2,535,597 | 1,819,222 | 1,756,315 | 2,192,293 | 1,714,271 | 1,362,052 | 1,013,384 | 608,882 | 646,053 | 628,098 | 431,991 | 274,988 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 421,820 | 90,000 | 90,000 | 45,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 215,963 | 180,471 | 66,644 | 41,360 | 106,805 | 36,289 | 39,436 | 39,636 | 39,636 | 238,711 | 38,142 | 367,203 | 376,363 | 239,066 | 94,790 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 3,488 | 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 | 1,254,403 | 2,280,864 | 2,581,570 | 1,283,475 | 936,211 | 930,414 | 768,247 | 564,815 | 564,451 | 0 | 244,293 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,892,186 | 2,551,335 | 2,738,214 | 1,369,835 | 1,046,504 | 966,703 | 807,683 | 604,451 | 604,087 | 238,711 | 282,435 | 367,203 | 376,363 | 239,066 | 94,790 |
| loans | 135,000 | 225,000 | 315,000 | 405,000 | 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 | 214,332 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 16,744 | 40,475 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 151,744 | 265,475 | 315,000 | 405,000 | 0 | 0 | 0 | 0 | 0 | 214,332 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 2,043,930 | 2,816,810 | 3,053,214 | 1,774,835 | 1,046,504 | 966,703 | 807,683 | 604,451 | 604,087 | 453,043 | 282,435 | 367,203 | 376,363 | 239,066 | 94,790 |
| net assets | 1,344,898 | 4,590,299 | 1,772,102 | 760,762 | 772,718 | 789,612 | 1,384,610 | 1,109,820 | 757,965 | 560,341 | 326,447 | 278,850 | 251,735 | 192,925 | 180,198 |
| total shareholders funds | 1,344,898 | 4,590,299 | 1,772,102 | 760,762 | 772,718 | 789,612 | 1,384,610 | 1,109,820 | 757,965 | 560,341 | 326,447 | 278,850 | 251,735 | 192,925 | 180,198 |
| Dec 2023 | 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 | -1,004,360 | 5,004,009 | 2,566,486 | ||||||||||||
| Depreciation | 103,434 | 104,070 | 79,530 | 72,154 | 48,452 | 17,386 | 26,240 | 20,914 | 15,211 | 11,027 | 7,432 | 2,879 | 2,666 | 1,590 | 1,388 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | 466,046 | -1,080,011 | -600,925 | ||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -1,332,819 | 1,717,914 | 1,007,552 | -139,577 | 200,761 | -75,918 | 115,900 | 299,057 | 115,310 | 77,379 | -74,626 | 45,979 | 31,651 | 148,792 | 150,168 |
| Creditors | 35,492 | 113,827 | 25,284 | -65,445 | 70,516 | -3,147 | -200 | 0 | -199,075 | 200,569 | -329,061 | -9,160 | 137,297 | 144,276 | 94,790 |
| Accruals and Deferred Income | -1,026,461 | -300,706 | 1,298,095 | 347,264 | 5,797 | 162,167 | 203,432 | 364 | 350,119 | -29,961 | 244,293 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -23,731 | 40,475 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -116,761 | 2,163,750 | 2,360,918 | ||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | 0 | 0 | 0 | ||||||||||||
| Change in Investments | 0 | 0 | -16 | 0 | 16 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 16 | ||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 331,820 | 0 | 45,000 | 45,000 | 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 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | -3,488 | 3,488 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -90,000 | -90,000 | -90,000 | 405,000 | 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 | -39,426 | -36,060 | -18,177 | ||||||||||||
| cash flow from financing | -2,456,316 | -1,214,118 | -999,221 | ||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -2,593,458 | 819,978 | 1,422,248 | 913,452 | -185,011 | -484,402 | 363,126 | 44,213 | 236,393 | 332,509 | 3,404 | -26,484 | 162,872 | 5,440 | 124,254 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -2,593,458 | 819,978 | 1,422,248 | 913,452 | -185,011 | -484,402 | 363,126 | 44,213 | 236,393 | 332,509 | 3,404 | -26,484 | 162,872 | 5,440 | 124,254 |
understanding recruitment ltd Credit Report and Business Information
Understanding Recruitment Ltd Competitor Analysis
Perform a competitor analysis for understanding recruitment ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in AL1 area or any other competitors across 12 key performance metrics.
understanding recruitment ltd Ownership
UNDERSTANDING RECRUITMENT LTD group structure
Understanding Recruitment Ltd has no subsidiary companies.
Ultimate parent company
UNDERSTANDING RECRUITMENT LTD
06364614
understanding recruitment ltd directors
Understanding Recruitment Ltd currently has 3 directors. The longest serving directors include Mr Christopher Jackson (Sep 2007) and Mr Dale Swords (Jan 2008).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christopher Jackson | 52 years | Sep 2007 | - | Director | |
| Mr Dale Swords | 45 years | Jan 2008 | - | Director | |
| Mr Miles Hunt | 58 years | Oct 2015 | - | Director |
P&L
December 2023turnover
16.8m
-30%
operating profit
-1m
-120%
gross margin
47.7%
-14.6%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
1.3m
-0.71%
total assets
3.5m
-0.53%
cash
1.1m
-0.69%
net assets
Total assets minus all liabilities
understanding recruitment ltd company details
company number
06364614
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 2007
age
18
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
SAFFERY LLP
address
second floorsuite abbeyview, 38-40 the maltings, st albans, hertfordshire, AL1 3HL
Bank
-
Legal Advisor
-
understanding 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 4 charges/mortgages relating to understanding recruitment ltd. Currently there are 3 open charges and 1 have been satisfied in the past.
understanding 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.
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understanding recruitment ltd Companies House Filings - See Documents
| date | description | view/download |
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