set2recruit ltd
set2recruit ltd Company Information
Company Number
06877653
Next Accounts
Sep 2025
Shareholders
mr kevin brian homeyard
mrs lee homeyard
View AllGroup Structure
View All
Industry
Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
Registered Address
5 providence close pynes hill, exeter, EX2 5JL
Website
www.set2recruit.comset2recruit ltd Estimated Valuation
Pomanda estimates the enterprise value of SET2RECRUIT LTD at £241.1k based on a Turnover of £1.4m and 0.17x industry multiple (adjusted for size and gross margin).
set2recruit ltd Estimated Valuation
Pomanda estimates the enterprise value of SET2RECRUIT LTD at £326.3k based on an EBITDA of £109.6k and a 2.98x industry multiple (adjusted for size and gross margin).
set2recruit ltd Estimated Valuation
Pomanda estimates the enterprise value of SET2RECRUIT LTD at £483.4k based on Net Assets of £378.3k and 1.28x industry multiple (adjusted for liquidity).
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Set2recruit Ltd Overview
Set2recruit Ltd is a live company located in exeter, EX2 5JL with a Companies House number of 06877653. It operates in the other activities of employment placement agencies sector, SIC Code 78109. Founded in April 2009, it's largest shareholder is mr kevin brian homeyard with a 75% stake. Set2recruit Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.4m with high growth in recent years.
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Set2recruit Ltd Health Check
Pomanda's financial health check has awarded Set2Recruit Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
4 Weak
Size
annual sales of £1.4m, make it smaller than the average company (£10.8m)
- Set2recruit Ltd
£10.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (6.6%)
- Set2recruit Ltd
6.6% - Industry AVG
Production
with a gross margin of 25.1%, this company has a comparable cost of product (25.1%)
- Set2recruit Ltd
25.1% - Industry AVG
Profitability
an operating margin of 7.5% make it more profitable than the average company (3.9%)
- Set2recruit Ltd
3.9% - Industry AVG
Employees
with 7 employees, this is below the industry average (46)
7 - Set2recruit Ltd
46 - Industry AVG
Pay Structure
on an average salary of £57k, the company has an equivalent pay structure (£57k)
- Set2recruit Ltd
£57k - Industry AVG
Efficiency
resulting in sales per employee of £204.9k, this is equally as efficient (£187.2k)
- Set2recruit Ltd
£187.2k - Industry AVG
Debtor Days
it gets paid by customers after 68 days, this is later than average (45 days)
- Set2recruit Ltd
45 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (9 days)
- Set2recruit Ltd
9 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Set2recruit Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 116 weeks, this is more cash available to meet short term requirements (11 weeks)
116 weeks - Set2recruit Ltd
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 21.1%, this is a lower level of debt than the average (67.4%)
21.1% - Set2recruit Ltd
67.4% - Industry AVG
SET2RECRUIT LTD financials
Set2Recruit Ltd's latest turnover from December 2023 is estimated at £1.4 million and the company has net assets of £378.3 thousand. According to their latest financial statements, Set2Recruit Ltd has 7 employees and maintains cash reserves of £187.8 thousand 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 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 7 | 9 | 7 | 14 | 17 | 12 | 11 | 14 | 12 | ||||||
| EBITDA* |
* 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 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,439 | 2,294 | 1,189 | 5,672 | 12,331 | 17,566 | 23,787 | 15,360 | 16,010 | 11,685 | 15,475 | 19,536 | 10,310 | 4,214 | 909 |
| Intangible Assets | |||||||||||||||
| Investments & Other | 2,133 | 2,133 | 2,133 | 2,133 | 2,133 | 2,133 | 2,133 | 2,133 | 2,133 | 2,133 | |||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 4,572 | 4,427 | 3,322 | 7,805 | 14,464 | 19,699 | 25,920 | 17,493 | 18,143 | 13,818 | 15,475 | 19,536 | 10,310 | 4,214 | 909 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 268,672 | 66,598 | 60,911 | 39,385 | 53,644 | 171,313 | 40,305 | 114,999 | 232,504 | 245,697 | 333,726 | 229,223 | 151,139 | 177,714 | 3,393 |
| Group Debtors | |||||||||||||||
| Misc Debtors | 18,284 | 13,165 | 29,228 | 59,373 | 39,087 | 27,687 | 26,641 | 67,082 | 42,354 | ||||||
| Cash | 187,760 | 307,821 | 212,603 | 104,333 | 69,011 | 114,337 | 131,179 | 131,509 | 127,737 | 154,496 | 52,480 | 107,777 | 57,624 | 76,193 | 10,037 |
| misc current assets | |||||||||||||||
| total current assets | 474,716 | 387,584 | 302,742 | 203,091 | 161,742 | 313,337 | 198,125 | 313,590 | 402,595 | 400,193 | 386,206 | 337,000 | 208,763 | 253,907 | 13,430 |
| total assets | 479,288 | 392,011 | 306,064 | 210,896 | 176,206 | 333,036 | 224,045 | 331,083 | 420,738 | 414,011 | 401,681 | 356,536 | 219,073 | 258,121 | 14,339 |
| Bank overdraft | 10,098 | 9,849 | 12,500 | 7,205 | 3,054 | 2,836 | 5,011 | 3,676 | 3,109 | ||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 359 | 1,845 | 8,013 | 940 | 11,621 | 19,275 | 36,392 | 35,291 | 126,322 | 173,153 | 154,155 | 58,768 | 110,277 | 8,776 | |
| Group/Directors Accounts | 34,395 | 54,063 | 4,770 | ||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 73,468 | 62,806 | 45,375 | 23,385 | 33,334 | 72,537 | 16,189 | 48,105 | 99,752 | ||||||
| total current liabilities | 83,925 | 74,500 | 57,875 | 38,603 | 37,328 | 86,994 | 40,475 | 88,173 | 138,152 | 126,322 | 173,153 | 154,155 | 93,163 | 164,340 | 13,546 |
| loans | 16,518 | 26,612 | 36,461 | 48,961 | 6,166 | 9,221 | 12,057 | 2,087 | 5,457 | ||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 7,559 | 10,494 | 12,610 | ||||||||||||
| provisions | 565 | 436 | 180 | 2,163 | 2,658 | 2,477 | 1,405 | 1,852 | 2,354 | 2,062 | 881 | 191 | |||
| total long term liabilities | 17,083 | 27,048 | 36,641 | 48,961 | 6,166 | 11,384 | 12,057 | 4,745 | 7,934 | 8,964 | 12,346 | 14,964 | 2,062 | 881 | 191 |
| total liabilities | 101,008 | 101,548 | 94,516 | 87,564 | 43,494 | 98,378 | 52,532 | 92,918 | 146,086 | 135,286 | 185,499 | 169,119 | 95,225 | 165,221 | 13,737 |
| net assets | 378,280 | 290,463 | 211,548 | 123,332 | 132,712 | 234,658 | 171,513 | 238,165 | 274,652 | 278,725 | 216,182 | 187,417 | 123,848 | 92,900 | 602 |
| total shareholders funds | 378,280 | 290,463 | 211,548 | 123,332 | 132,712 | 234,658 | 171,513 | 238,165 | 274,652 | 278,725 | 216,182 | 187,417 | 123,848 | 92,900 | 602 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 1,971 | 1,900 | 5,279 | 7,653 | 13,012 | 15,108 | 15,406 | 11,963 | 6,663 | 9,881 | 12,192 | 9,874 | 6,549 | 2,334 | 455 |
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | |||||||||||||||
| Debtors | 207,193 | -10,376 | -8,619 | 6,027 | -106,269 | 132,054 | -115,135 | -92,777 | -58,868 | -88,029 | 104,503 | 78,084 | -26,575 | 174,321 | 3,393 |
| Creditors | -1,486 | 1,845 | -8,013 | 7,073 | -10,681 | -7,654 | -17,117 | 1,101 | -137,862 | -46,831 | 18,998 | 95,387 | -51,509 | 101,501 | 8,776 |
| Accruals and Deferred Income | 10,662 | 17,431 | 21,990 | -9,949 | -39,203 | 56,348 | -31,916 | -51,647 | 99,752 | ||||||
| Deferred Taxes & Provisions | 129 | 256 | 180 | -2,163 | 2,163 | -2,658 | 181 | 625 | -447 | -502 | 292 | 1,181 | 690 | 191 | |
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 2,133 | 2,133 | |||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -34,395 | -19,668 | 49,293 | 4,770 | |||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -10,094 | -9,849 | -12,500 | 42,795 | -3,055 | -2,836 | 9,970 | -3,370 | 5,457 | ||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -10,494 | -2,935 | -2,116 | 12,610 | |||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -120,061 | 95,218 | 108,270 | 35,322 | -45,326 | -16,842 | -330 | 3,772 | 75,257 | 102,016 | -55,297 | 50,153 | -18,569 | 66,156 | 10,037 |
| overdraft | 249 | -2,651 | 5,295 | 4,151 | 218 | -2,175 | 1,335 | 567 | 3,109 | ||||||
| change in cash | -120,310 | 97,869 | 102,975 | 31,171 | -45,544 | -14,667 | -1,665 | 3,205 | 72,148 | 102,016 | -55,297 | 50,153 | -18,569 | 66,156 | 10,037 |
set2recruit ltd Credit Report and Business Information
Set2recruit Ltd Competitor Analysis
Perform a competitor analysis for set2recruit ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in EX2 area or any other competitors across 12 key performance metrics.
set2recruit ltd Ownership
SET2RECRUIT LTD group structure
Set2Recruit Ltd has no subsidiary companies.
Ultimate parent company
SET2RECRUIT LTD
06877653
set2recruit ltd directors
Set2Recruit Ltd currently has 3 directors. The longest serving directors include Mr Kevin Homeyard (Apr 2009) and Mr Thomas Coles (Jan 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Kevin Homeyard | England | 48 years | Apr 2009 | - | Director |
| Mr Thomas Coles | United Kingdom | 49 years | Jan 2020 | - | Director |
| Mr Gary Wills | England | 41 years | Jan 2024 | - | Director |
P&L
December 2023turnover
1.4m
+113%
operating profit
107.6k
0%
gross margin
25.1%
-6.33%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
378.3k
+0.3%
total assets
479.3k
+0.22%
cash
187.8k
-0.39%
net assets
Total assets minus all liabilities
set2recruit ltd company details
company number
06877653
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
April 2009
age
16
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
5 providence close pynes hill, exeter, EX2 5JL
Bank
-
Legal Advisor
-
set2recruit 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 did not find charges/mortgages relating to set2recruit ltd.
set2recruit 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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set2recruit ltd Companies House Filings - See Documents
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