Think Recruitment Group Limited

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think recruitment group limited Company Information

Live

EstablishedSmallDeclining

Company Number

06504682

Website

http://thinkrecruitment.co.uk

Registered Address

2 trinity place midland drive, sutton coldfield, B72 1TX

Industry

Non-trading company

Activities of head offices

Telephone

01213213322

Next Accounts Due

December 2024

Group Structure

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Directors

Darren Isles16 Years

Shareholders

freedom recruitment group ltd 84.8%

ian lucas 14.8%

View All

think recruitment group limited Estimated Valuation

£2.8m

Pomanda estimates the enterprise value of THINK RECRUITMENT GROUP LIMITED at £2.8m based on Net Assets of £1.2m and 2.42x industry multiple (adjusted for liquidity).

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Think Recruitment Group Limited is a live company located in sutton coldfield, B72 1TX with a Companies House number of 06504682. It operates in the activities of head offices sector, SIC Code 70100. Founded in February 2008, it's largest shareholder is freedom recruitment group ltd with a 84.7% stake. Think Recruitment Group Limited is a established, small sized company, Pomanda has estimated its turnover at £1.3m with declining growth in recent years.

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Pomanda's financial health check has awarded Think Recruitment Group Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

1 Strong

3 Regular

7 Weak

Size

annual sales of £1.3m, make it smaller than the average company (£11.4m)

Growth

3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (4.4%)

EXPORT

Think Recruitment Group Limited's latest turnover from March 2023 is estimated at £1.3 million and the company has net assets of £1.2 million. According to their latest financial statements, we estimate that Think Recruitment Group Limited has 9 employees and maintains cash reserves of £74 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	1,282,209	1,260,257	3,943,413	2,102,140	2,124,099	15,970	8,980	1,070,272	804,301	356,030	984,403	1,879,053	3,191,199	4,614,043
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	838,574	846,831	2,694,901	1,427,340	1,436,150	10,868	6,095	726,322	551,029	242,424	671,503	1,289,553	2,197,241	3,229,110
Gross Profit	443,635	413,426	1,248,512	674,800	687,949	5,102	2,885	343,950	253,272	113,606	312,900	589,500	993,958	1,384,934
Admin Expenses	444,683	1,496	1,542,140	734,691	713,955	140,749	41,592	247,076	227,547	282,294	-315,995	294,841	751,815	1,309,037
Operating Profit	-1,048	411,930	-293,628	-59,891	-26,006	-135,647	-38,707	96,874	25,725	-168,688	628,895	294,659	242,143	75,897
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	2	0	0	0	0	0	0	0	0	0	0	0	0	0
Pre-Tax Profit	-1,046	411,930	-293,628	-59,891	-26,006	-135,647	-38,707	96,874	25,725	-168,688	628,895	294,659	242,143	75,897
Tax	0	-78,267	0	0	0	0	0	-19,375	-5,402	0	-150,935	-76,611	-67,800	-21,251
Profit After Tax	-1,046	333,663	-293,628	-59,891	-26,006	-135,647	-38,707	77,499	20,323	-168,688	477,960	218,048	174,343	54,646
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-1,046	333,663	-293,628	-59,891	-26,006	-135,647	-38,707	77,499	20,323	-168,688	477,960	218,048	174,343	54,646
Employee Costs	375,249	348,842	1,104,310	567,722	565,090	36,179	35,117	273,376	205,919	100,656	268,496	457,086	780,152	1,058,943
Number Of Employees	9	9	29	15	15	1	1	8	6	3	8	14	24	32
EBITDA*	-1,048	411,930	-293,628	-59,891	-26,006	-135,647	-38,707	96,874	25,725	-168,688	628,895	294,659	242,143	75,897

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	1,000,188	1,000,007	1,000,007	7,500,000	7,500,000	7,500,000	7,500,000	1,300,002	1,300,002	1,300,002	1,300,002	1,300,001	1,300,001	1,300,001
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,000,188	1,000,007	1,000,007	7,500,000	7,500,000	7,500,000	7,500,000	1,300,002	1,300,002	1,300,002	1,300,002	1,300,001	1,300,001	1,300,001
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	229,003	230,042	474,709	228,548	265,259	0	0	172,659	105,746	36,963	183,336	0	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	308,149	332,019	0	0	0	0	0	0	0
Cash	74	20	0	0	0	0	0	0	0	0	0	0	0	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	229,077	230,062	474,709	228,548	265,259	308,149	332,019	172,659	105,746	36,963	183,336	0	0	0
total assets	1,229,265	1,230,069	1,474,716	7,728,548	7,765,259	7,808,149	7,832,019	1,472,661	1,405,748	1,336,965	1,483,338	1,300,001	1,300,001	1,300,001
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	78,396	78,154	674,464	434,670	411,490	3,001	1,651	118,530	129,116	80,656	58,341	352,964	571,012	745,355
Group/Directors Accounts	0	0	0	0	0	415,823	232,423	0	0	0	0	0	0	0
other short term finances	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
other current liabilities	0	0	0	0	0	9,550	82,523	0	0	0	0	0	0	0
total current liabilities	78,396	78,154	674,464	434,670	411,490	428,374	316,597	118,530	129,116	80,656	58,341	352,964	571,012	745,355
loans	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
Accruals and Deferred Income	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
provisions	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
total liabilities	78,396	78,154	674,464	434,670	411,490	428,374	316,597	118,530	129,116	80,656	58,341	352,964	571,012	745,355
net assets	1,150,869	1,151,915	800,252	7,293,878	7,353,769	7,379,775	7,515,422	1,354,131	1,276,632	1,256,309	1,424,997	947,037	728,989	554,646
total shareholders funds	1,150,869	1,151,915	800,252	7,293,878	7,353,769	7,379,775	7,515,422	1,354,131	1,276,632	1,256,309	1,424,997	947,037	728,989	554,646

	Mar 2023	Mar 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	-1,048	411,930	-293,628	-59,891	-26,006	-135,647	-38,707	96,874	25,725	-168,688	628,895	294,659	242,143	75,897
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-78,267	0	0	0	0	0	-19,375	-5,402	0	-150,935	-76,611	-67,800	-21,251
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-1,039	-244,667	246,161	-36,711	-42,890	-23,870	159,360	66,913	68,783	-146,373	183,336	0	0	0
Creditors	242	-596,310	239,794	23,180	408,489	1,350	-116,879	-10,586	48,460	22,315	-294,623	-218,048	-174,343	745,355
Accruals and Deferred Income	0	0	0	0	-9,550	-72,973	82,523	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	233	-17,980	-299,995	0	415,823	-183,400	-232,423	0	0	0	1	0	0	800,001
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change in Investments	181	0	-6,499,993	0	0	0	6,199,998	0	0	0	1	0	0	1,300,001
cash flow from investments	-181	0	6,499,993	0	0	0	-6,199,998	0	0	0	-1	0	0	-1,300,001
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	-415,823	183,400	232,423	0	0	0	0	0	0	0
Other Short Term Loans	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
Hire Purchase and Lease Commitments	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
share issue	0	18,000	-6,199,998	0	0	0	6,199,998	0	0	0	0	0	0	500,000
interest	2	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from financing	2	18,000	-6,199,998	0	-415,823	183,400	6,432,421	0	0	0	0	0	0	500,000
cash and cash equivalents
cash	54	20	0	0	0	0	0	0	0	0	0	0	0	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	54	20	0	0	0	0	0	0	0	0	0	0	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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THINK RECRUITMENT GROUP LIMITED group structure

Think Recruitment Group Limited has 3 subsidiary companies.

Ultimate parent company

LMAC GROUP HOLDINGS LIMITED

09824084

1 parent

THINK RECRUITMENT GROUP LIMITED

06504682

3 subsidiaries

THINK PS LIMITED

06681990

THINK RECRUITMENT (UK) LIMITED

05187882

THINK PERM LIMITED

11776660

THINK RECRUITMENT GROUP LIMITED Shareholders

freedom recruitment group ltd	84.75%
ian lucas	14.83%
dominique hall	0.42%

Think Recruitment Group Limited currently has 1 director, Mr Darren Isles serving since Feb 2008.

officer	country	age	start	end	role
Mr Darren Isles	England	49 years	Feb 2008	-	Director

P&L

March 2023

turnover

1.3m

+2%

operating profit

-1k

gross margin

34.6%

+5.47%

turnover

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

Balance Sheet

March 2023

net assets

1.2m

total assets

1.2m

cash

+2.7%

net assets

Total assets minus all liabilities

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company number

06504682

Type

Private limited with Share Capital

industry

74990 - Non-trading company

70100 - Activities of head offices

incorporation date

February 2008

ultimate parent company

LMAC GROUP HOLDINGS LIMITED

previous names

think investment holdings limited (January 2022)

address

2 trinity place midland drive, sutton coldfield, B72 1TX

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 think recruitment group limited. Currently there are 1 open charges and 0 have been satisfied in the past.

think recruitment group limited Company Information

think recruitment group limited Estimated Valuation

think recruitment group limited Estimated Valuation

think recruitment group limited Estimated Valuation

Think Recruitment Group Limited Overview

Think Recruitment Group Limited Health Check

THINK RECRUITMENT GROUP LIMITED financials

think recruitment group limited Credit Report and Business Information

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think recruitment group limited Companies House Filings - See Documents