abaco recruitment limited
abaco recruitment limited Company Information
Company Number
07022711
Next Accounts
May 2025
Industry
Temporary employment agency activities
Shareholders
lejoli ltd
nicholas murphy
Group Structure
View All
Contact
Registered Address
3rd floor 110 high holborn, london, WC1V 6JS
Website
http://mkh.co.ukabaco recruitment limited Estimated Valuation
Pomanda estimates the enterprise value of ABACO RECRUITMENT LIMITED at £46m based on a Turnover of £88.4m and 0.52x industry multiple (adjusted for size and gross margin).
abaco recruitment limited Estimated Valuation
Pomanda estimates the enterprise value of ABACO RECRUITMENT LIMITED at £85.2m based on an EBITDA of £10.2m and a 8.36x industry multiple (adjusted for size and gross margin).
abaco recruitment limited Estimated Valuation
Pomanda estimates the enterprise value of ABACO RECRUITMENT LIMITED at £10.6m based on Net Assets of £6.6m and 1.61x industry multiple (adjusted for liquidity).
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Abaco Recruitment Limited Overview
Abaco Recruitment Limited is a live company located in london, WC1V 6JS with a Companies House number of 07022711. It operates in the temporary employment agency activities sector, SIC Code 78200. Founded in September 2009, it's largest shareholder is lejoli ltd with a 95% stake. Abaco Recruitment Limited is a established, large sized company, Pomanda has estimated its turnover at £88.4m with high growth in recent years.
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Abaco Recruitment Limited Health Check
Pomanda's financial health check has awarded Abaco Recruitment Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 10 measures and has 1 areas for improvement. Company Health Check FAQs
10 Strong
0 Regular
1 Weak
Size
annual sales of £88.4m, make it larger than the average company (£13.6m)
£88.4m - Abaco Recruitment Limited
£13.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (4.1%)
26% - Abaco Recruitment Limited
4.1% - Industry AVG
Production
with a gross margin of 29.5%, this company has a lower cost of product (18.3%)
29.5% - Abaco Recruitment Limited
18.3% - Industry AVG
Profitability
an operating margin of 11.4% make it more profitable than the average company (2.7%)
11.4% - Abaco Recruitment Limited
2.7% - Industry AVG
Employees
with 4238 employees, this is above the industry average (50)
4238 - Abaco Recruitment Limited
50 - Industry AVG
Pay Structure
on an average salary of £16.7k, the company has a lower pay structure (£49.8k)
£16.7k - Abaco Recruitment Limited
£49.8k - Industry AVG
Efficiency
resulting in sales per employee of £20.9k, this is less efficient (£242.9k)
£20.9k - Abaco Recruitment Limited
£242.9k - Industry AVG
Debtor Days
it gets paid by customers after 14 days, this is earlier than average (46 days)
14 days - Abaco Recruitment Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 25 days, this is slower than average (4 days)
25 days - Abaco Recruitment Limited
4 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Abaco Recruitment Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 75 weeks, this is more cash available to meet short term requirements (7 weeks)
75 weeks - Abaco Recruitment Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 40.2%, this is a lower level of debt than the average (72.6%)
40.2% - Abaco Recruitment Limited
72.6% - Industry AVG
ABACO RECRUITMENT LIMITED financials
Abaco Recruitment Limited's latest turnover from August 2023 is £88.4 million and the company has net assets of £6.6 million. According to their latest financial statements, Abaco Recruitment Limited has 4,238 employees and maintains cash reserves of £6.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 88,378,330 | 75,677,856 | 51,560,033 | 44,345,219 | 47,600,864 | 41,431,446 | 42,035,627 | 38,427,065 | 33,622,558 | 28,011,480 | 23,835,121 | 20,160,076 | 19,640,994 | 0 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 62,340,623 | 53,905,228 | 37,997,331 | 38,603,422 | 33,899,107 | 29,642,993 | 29,827,972 | 26,772,703 | 23,638,959 | 19,914,394 | 17,660,583 | 14,888,265 | 14,663,600 | 0 |
| Gross Profit | 26,037,707 | 21,772,628 | 13,562,702 | 5,741,797 | 13,701,757 | 11,788,453 | 12,207,655 | 11,654,362 | 9,983,599 | 8,097,086 | 6,174,538 | 5,271,811 | 4,977,394 | 0 |
| Admin Expenses | 15,946,235 | 14,387,764 | 9,862,643 | 3,544,052 | 10,462,888 | 9,894,428 | 8,734,608 | 7,089,756 | 6,098,251 | 5,074,011 | 4,333,537 | 4,040,561 | 4,345,124 | 0 |
| Operating Profit | 10,091,472 | 7,384,864 | 3,700,059 | 2,197,745 | 3,238,869 | 1,894,025 | 3,473,047 | 4,564,606 | 3,885,348 | 3,023,075 | 1,841,001 | 1,231,250 | 632,270 | 0 |
| Interest Payable | 1,569 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20,603 | 21,694 | 16,973 | 16,553 | 0 |
| Interest Receivable | 23,674 | 7,030 | 5,064 | 13,575 | 4,799 | 5,027 | 4,903 | 6,214 | 8,326 | 18,899 | 23,654 | 11,359 | 83 | 0 |
| Pre-Tax Profit | 10,113,577 | 7,391,894 | 3,705,123 | 2,211,320 | 3,243,668 | 1,899,052 | 3,477,950 | 4,570,820 | 3,893,674 | 3,021,371 | 1,842,961 | 1,225,636 | 615,800 | 0 |
| Tax | -2,095,968 | -1,403,453 | -700,757 | -420,903 | -614,332 | -354,767 | -686,310 | -902,550 | -793,204 | -631,728 | -430,910 | -294,218 | -157,447 | 0 |
| Profit After Tax | 8,017,609 | 5,988,441 | 3,004,366 | 1,790,417 | 2,629,336 | 1,544,285 | 2,791,640 | 3,668,270 | 3,100,470 | 2,389,643 | 1,412,051 | 931,418 | 458,353 | 0 |
| Dividends Paid | 5,657,895 | 3,288,583 | 4,921,556 | 1,494,307 | 2,141,662 | 1,350,000 | 2,618,292 | 4,050,492 | 1,450,915 | 1,800,823 | 1,331,440 | 664,896 | 477,000 | 0 |
| Retained Profit | 2,359,714 | 2,699,858 | -1,917,190 | 296,110 | 487,674 | 194,285 | 173,348 | -382,222 | 1,649,555 | 588,820 | 80,611 | 266,522 | -18,647 | 0 |
| Employee Costs | 70,682,835 | 60,597,056 | 42,805,984 | 41,594,126 | 34,110,110 | 28,295,216 | 23,495,438 | 13,594,188 | 9,362,751 | 7,644,510 | 5,639,815 | 4,574,024 | 6,462,496 | 0 |
| Number Of Employees | 4,238 | 3,833 | 2,762 | 2,850 | 2,167 | 1,698 | 1,381 | 794 | 504 | 410 | 276 | 109 | 230 | |
| EBITDA* | 10,196,495 | 7,480,414 | 3,734,820 | 2,275,436 | 3,334,486 | 1,926,929 | 3,499,103 | 4,670,914 | 3,906,507 | 3,008,471 | 1,925,066 | 1,325,668 | 759,043 | 0 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 473,785 | 36,903 | 18,086 | 28,797 | 54,792 | 100,431 | 108,645 | 173,587 | 160,968 | 167,302 | 39,550 | 68,958 | 122,609 | 120,562 |
| Intangible Assets | 0 | 0 | 76,812 | 0 | -49,979 | -99,957 | -149,935 | -199,913 | -249,891 | -299,869 | -349,847 | -399,825 | -449,803 | -499,781 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 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 |
| Total Fixed Assets | 473,785 | 36,903 | 94,898 | 28,797 | 4,813 | 474 | -41,290 | -26,326 | -88,923 | -132,567 | -310,297 | -330,867 | -327,194 | -379,219 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 3,498,097 | 3,630,145 | 2,303,553 | 890,778 | 2,223,996 | 2,365,956 | 2,127,320 | 1,562,006 | 1,501,747 | 1,696,843 | 1,344,404 | 1,097,231 | 1,374,861 | 1,909,252 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 580,491 | 784,101 | 481,685 | 614,362 | 987,427 | 846,317 | 570,723 | 292,020 | 499,818 | 544,245 | 827,325 | 582,128 | 319,065 | 211,539 |
| Cash | 6,440,700 | 3,033,161 | 1,735,329 | 6,097,322 | 1,095,315 | 579,947 | 1,315,263 | 1,506,078 | 1,715,250 | 0 | 438,932 | 637,038 | 187,778 | 599,376 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 10,519,288 | 7,447,407 | 4,520,567 | 7,602,462 | 4,306,738 | 3,792,220 | 4,013,306 | 3,360,104 | 3,716,815 | 2,241,088 | 2,610,661 | 2,316,397 | 1,881,704 | 2,720,167 |
| total assets | 10,993,073 | 7,484,310 | 4,615,465 | 7,631,259 | 4,311,551 | 3,792,694 | 3,972,016 | 3,333,778 | 3,627,892 | 2,108,521 | 2,300,364 | 1,985,530 | 1,554,510 | 2,340,948 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 337,009 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 4,414,635 | 3,265,586 | 221,249 | 188,789 | 202,952 | 146,651 | 427,431 | 86,538 | 140,671 | 117,246 | 112,419 | 369,868 | 159,350 | 103,267 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 2,875,350 | 4,006,414 | 968,653 | 993,771 | 1,086,598 | 962,601 | 820,360 | 636,960 | 1,759,459 | 1,267,787 | 1,313,807 | 2,137,681 |
| total current liabilities | 4,414,635 | 3,265,586 | 3,096,599 | 4,195,203 | 1,171,605 | 1,140,422 | 1,514,029 | 1,049,139 | 961,031 | 1,091,215 | 1,871,878 | 1,637,655 | 1,473,157 | 2,240,948 |
| 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 | 4,414,635 | 3,265,586 | 3,096,599 | 4,195,203 | 1,171,605 | 1,140,422 | 1,514,029 | 1,049,139 | 961,031 | 1,091,215 | 1,871,878 | 1,637,655 | 1,473,157 | 2,240,948 |
| net assets | 6,578,438 | 4,218,724 | 1,518,866 | 3,436,056 | 3,139,946 | 2,652,272 | 2,457,987 | 2,284,639 | 2,666,861 | 1,017,306 | 428,486 | 347,875 | 81,353 | 100,000 |
| total shareholders funds | 6,578,438 | 4,218,724 | 1,518,866 | 3,436,056 | 3,139,946 | 2,652,272 | 2,457,987 | 2,284,639 | 2,666,861 | 1,017,306 | 428,486 | 347,875 | 81,353 | 100,000 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 10,091,472 | 7,384,864 | 3,700,059 | 2,197,745 | 3,238,869 | 1,894,025 | 3,473,047 | 4,564,606 | 3,885,348 | 3,023,075 | 1,841,001 | 1,231,250 | 632,270 | 0 |
| Depreciation | 105,023 | 18,738 | 19,398 | 27,712 | 45,639 | 82,882 | 76,034 | 56,330 | 71,137 | 35,374 | 34,087 | 44,440 | 76,795 | 0 |
| Amortisation | 0 | 76,812 | 15,363 | 49,979 | 49,978 | -49,978 | -49,978 | 49,978 | -49,978 | -49,978 | 49,978 | 49,978 | 49,978 | 0 |
| Tax | -2,095,968 | -1,403,453 | -700,757 | -420,903 | -614,332 | -354,767 | -686,310 | -902,550 | -793,204 | -631,728 | -430,910 | -294,218 | -157,447 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -335,658 | 1,629,008 | 1,280,098 | -1,706,283 | -850 | 514,230 | 844,017 | -147,539 | -239,523 | 69,359 | 492,370 | -14,567 | -426,865 | 2,120,791 |
| Creditors | 1,149,049 | 3,044,337 | 32,460 | -14,163 | 56,301 | -280,780 | 340,893 | -54,133 | 23,425 | 4,827 | -257,449 | 210,518 | 56,083 | 103,267 |
| Accruals and Deferred Income | 0 | -2,875,350 | -1,131,064 | 3,037,761 | -25,118 | -92,827 | 123,997 | 142,241 | 183,400 | -1,122,499 | 491,672 | -46,020 | -823,874 | 2,137,681 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 9,585,234 | 4,616,940 | 655,361 | 6,584,414 | 2,752,187 | 684,325 | 2,433,666 | 4,004,011 | 3,559,651 | 1,189,712 | 1,236,009 | 1,210,515 | 260,670 | 120,157 |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -74,668 | -11,092 | -68,949 | -64,803 | -163,126 | -4,679 | -9,942 | -78,842 | |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | -74,668 | -11,092 | -68,949 | -64,803 | -163,126 | -4,679 | -9,942 | -78,842 | |
| 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 | 0 | 0 | 0 | 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 | ||||||||||||||
| interest | 22,105 | 7,030 | 5,064 | 13,575 | 4,799 | 5,027 | 4,903 | 6,214 | 8,326 | -1,704 | 1,960 | -5,614 | -16,470 | 0 |
| cash flow from financing | 22,105 | 7,030 | 5,064 | 13,575 | 4,799 | 5,027 | 4,903 | 6,214 | 8,326 | -1,704 | 1,960 | -5,614 | -16,470 | 100,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 3,407,539 | 1,297,832 | -4,361,993 | 5,002,007 | 515,368 | -735,316 | -190,815 | -209,172 | 1,715,250 | -438,932 | -198,106 | 449,260 | -411,598 | 599,376 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -337,009 | 337,009 | 0 | 0 | 0 | 0 |
| change in cash | 3,407,539 | 1,297,832 | -4,361,993 | 5,002,007 | 515,368 | -735,316 | -190,815 | -209,172 | 2,052,259 | -775,941 | -198,106 | 449,260 | -411,598 | 599,376 |
abaco recruitment limited Credit Report and Business Information
Abaco Recruitment Limited Competitor Analysis
Perform a competitor analysis for abaco recruitment limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in WC1V area or any other competitors across 12 key performance metrics.
abaco recruitment limited Ownership
ABACO RECRUITMENT LIMITED group structure
Abaco Recruitment Limited has 3 subsidiary companies.
Ultimate parent company
LEJOLI LTD
#0068194
1 parent
ABACO RECRUITMENT LIMITED
07022711
3 subsidiaries
abaco recruitment limited directors
Abaco Recruitment Limited currently has 3 directors. The longest serving directors include Ms Kati Lynch (Mar 2012) and Mr Michael Kaye (Aug 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Kati Lynch | United Kingdom | 45 years | Mar 2012 | - | Director |
| Mr Michael Kaye | United Kingdom | 63 years | Aug 2012 | - | Director |
| Mr Nicholas Murphy | United Kingdom | 46 years | May 2015 | - | Director |
P&L
August 2023turnover
88.4m
+17%
operating profit
10.1m
+37%
gross margin
29.5%
+2.4%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
6.6m
+0.56%
total assets
11m
+0.47%
cash
6.4m
+1.12%
net assets
Total assets minus all liabilities
abaco recruitment limited company details
company number
07022711
Type
Private limited with Share Capital
industry
78200 - Temporary employment agency activities
incorporation date
September 2009
age
15
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
August 2023
previous names
N/A
accountant
-
auditor
INDEPENDENT AUDITORS LLP
address
3rd floor 110 high holborn, london, WC1V 6JS
Bank
-
Legal Advisor
-
abaco recruitment limited 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 1 charges/mortgages relating to abaco recruitment limited. Currently there are 1 open charges and 0 have been satisfied in the past.
abaco recruitment limited 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.
Click to start generating capital raising & share issue transactions for ABACO RECRUITMENT LIMITED. This can take several minutes, an email will notify you when this has completed.
abaco recruitment limited Companies House Filings - See Documents
| date | description | view/download |
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