Norfolk Recruitment Limited

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norfolk recruitment limited Company Information

Live

EstablishedSmallDeclining

Company Number

07068544

Next Accounts

Dec 2024

Industry

Temporary employment agency activities

Directors

Gary Stuttard

Shareholders

gary phillip stuttard

Group Structure

View All

Contact

Registered Address

the cottage 87 yarmouth road, norwich, norfolk, NR7 0HF

Website

www.clearitrecruitment.co.uk

norfolk recruitment limited Estimated Valuation

£799.8k

Pomanda estimates the enterprise value of NORFOLK RECRUITMENT LIMITED at £799.8k based on a Turnover of £4.7m and 0.17x industry multiple (adjusted for size and gross margin).

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Norfolk Recruitment Limited is a live company located in norfolk, NR7 0HF with a Companies House number of 07068544. It operates in the temporary employment agency activities sector, SIC Code 78200. Founded in November 2009, it's largest shareholder is gary phillip stuttard with a 100% stake. Norfolk Recruitment Limited is a established, small sized company, Pomanda has estimated its turnover at £4.7m with declining growth in recent years.

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Pomanda's financial health check has awarded Norfolk Recruitment Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

1 Strong

5 Regular

5 Weak

Size

annual sales of £4.7m, make it smaller than the average company (£13.2m)

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (3.3%)

EXPORT

Norfolk Recruitment Limited's latest turnover from March 2023 is estimated at £4.7 million and the company has net assets of £47.2 thousand. According to their latest financial statements, Norfolk Recruitment Limited has 47 employees and maintains cash reserves of £30.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Nov 2013	Nov 2012	Nov 2011	Nov 2010
Turnover	4,725,270	4,913,955	4,143,781	5,020,609	5,008,540	4,223,458	2,548,959	2,016,945	7,349,049	6,396,819	7,032,996	4,081,857	4,229,782
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,896,199	4,120,431	3,522,845	4,190,931	4,163,831	3,488,429	2,109,570	1,674,685	6,088,444	5,263,554	5,814,278	3,335,361	3,402,274
Gross Profit	829,071	793,524	620,937	829,678	844,709	735,030	439,389	342,260	1,260,605	1,133,265	1,218,719	746,496	827,508
Admin Expenses	828,682	796,243	642,115	826,384	832,842	705,363	406,492	340,455	1,213,444	1,115,646	1,216,230	743,706	800,221
Operating Profit	389	-2,719	-21,178	3,294	11,867	29,667	32,897	1,805	47,161	17,619	2,489	2,790	27,287
Interest Payable	3,758	3,094	1,525	0	6,346	10,556	8,446	4,340	0	0	0	0	0
Interest Receivable	1,033	595	86	26	153	84	28	95	76	162	206	117	39
Pre-Tax Profit	-2,336	-5,218	-22,617	3,320	5,674	19,195	24,479	-2,440	47,237	17,782	2,695	2,907	27,326
Tax	0	0	0	-631	-1,078	-3,647	-4,896	0	-9,920	-4,090	-647	-756	-7,651
Profit After Tax	-2,336	-5,218	-22,617	2,689	4,596	15,548	19,583	-2,440	37,317	13,692	2,048	2,151	19,675
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-2,336	-5,218	-22,617	2,689	4,596	15,548	19,583	-2,440	37,317	13,692	2,048	2,151	19,675
Employee Costs	2,281,374	2,202,078	1,633,092	2,183,385	2,243,683	1,682,699	785,961	377,956	1,004,738	847,378	974,515	501,587	601,457
Number Of Employees	47	51	41	55	59	44	21	10	27	23	26	14	17
EBITDA*	42,962	30,159	-2,467	17,692	28,462	43,819	51,797	11,968	54,755	22,257	5,927	5,518	29,255

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Nov 2013	Nov 2012	Nov 2011	Nov 2010
Tangible Assets	146,601	102,514	61,627	32,728	48,762	45,883	65,067	41,059	10,474	13,436	11,552	3,550	1,402
Intangible Assets	0	0	0	0	0	0	57	736	1,415	2,321	3,000	4,500	6,000
Investments & Other	0	0	0	0	0	0	0	1,205	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	146,601	102,514	61,627	32,728	48,762	45,883	65,124	43,000	11,889	15,757	14,552	8,050	7,402
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	225,036	324,000	297,387	282,574	264,872	286,506	224,814	213,562	384,516	341,574	347,426	220,522	250,244
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	51,894	22,823	32,877	136,227	141,999	139,893	101,665	81,342	0	0	36,249	0	0
Cash	30,829	17,787	140,912	30,310	21,858	18,969	14,509	7,736	30,228	13,583	51,359	30,951	15,794
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	307,759	364,610	471,176	449,111	428,729	445,368	340,988	302,640	414,744	355,157	435,034	251,473	266,038
total assets	454,360	467,124	532,803	481,839	477,491	491,251	406,112	345,640	426,633	370,914	449,586	259,523	273,440
Bank overdraft	10,000	10,000	10,000	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
Trade Creditors	45,361	26,800	21,751	33,223	36,459	31,855	36,771	47,848	387,121	330,561	423,302	237,597	253,764
Group/Directors Accounts	0	2,650	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	188,039	136,762	133,523	0	0	0	0	0
hp & lease commitments	20,848	11,525	11,525	0	5,842	9,646	12,189	5,767	0	0	0	0	0
other current liabilities	222,927	302,130	357,944	365,742	343,013	168,254	123,175	102,833	0	0	0	0	0
total current liabilities	299,136	353,105	401,220	398,965	385,314	397,794	308,897	289,971	387,121	330,561	423,302	237,597	253,764
loans	21,667	31,667	40,000	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	51,913	15,367	26,892	0	9,153	15,782	31,697	14,284	0	0	0	0	0
Accruals and Deferred Income	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
provisions	34,422	17,427	9,915	5,481	8,320	7,567	10,958	6,408	2,095	2,687	2,310	0	0
total long term liabilities	108,002	64,461	76,807	5,481	17,473	23,349	42,655	20,692	2,095	2,687	2,310	0	0
total liabilities	407,138	417,566	478,027	404,446	402,787	421,143	351,552	310,663	389,216	333,248	425,612	237,597	253,764
net assets	47,222	49,558	54,776	77,393	74,704	70,108	54,560	34,977	37,417	37,666	23,974	21,926	19,676
total shareholders funds	47,222	49,558	54,776	77,393	74,704	70,108	54,560	34,977	37,417	37,666	23,974	21,926	19,676

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Nov 2013	Nov 2012	Nov 2011	Nov 2010
Operating Activities
Operating Profit	389	-2,719	-21,178	3,294	11,867	29,667	32,897	1,805	47,161	17,619	2,489	2,790	27,287
Depreciation	42,573	32,878	18,711	14,398	16,595	14,095	18,221	9,484	6,688	3,959	1,938	1,228	468
Amortisation	0	0	0	0	0	57	679	679	906	679	1,500	1,500	1,500
Tax	0	0	0	-631	-1,078	-3,647	-4,896	0	-9,920	-4,090	-647	-756	-7,651
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-69,893	16,559	-88,537	11,930	-19,528	99,920	31,575	-89,612	384,516	-42,101	163,153	-29,722	250,244
Creditors	18,561	5,049	-11,472	-3,236	4,604	-4,916	-11,077	-339,273	387,121	-92,741	185,705	-16,167	253,764
Accruals and Deferred Income	-79,203	-55,814	-7,798	22,729	174,759	45,079	20,342	102,833	0	0	0	0	0
Deferred Taxes & Provisions	16,995	7,512	4,434	-2,839	753	-3,391	4,550	4,313	2,095	377	2,310	0	0
Cash flow from operations	69,208	-29,653	71,234	21,785	227,028	-22,976	29,141	-130,547	49,535	-32,096	30,142	18,317	25,124
Investing Activities
capital expenditure	-86,660	-73,765	-47,610	1,636	-19,474	5,089	-42,229	-40,069	-19,483	-5,843	-9,940	-3,376	-9,370
Change in Investments	0	0	0	0	0	0	-1,205	1,205	0	0	0	0	0
cash flow from investments	-86,660	-73,765	-47,610	1,636	-19,474	5,089	-41,024	-41,274	-19,483	-5,843	-9,940	-3,376	-9,370
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-2,650	2,650	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	-188,039	51,277	3,239	133,523	0	0	0	0	0
Long term loans	-10,000	-8,333	40,000	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	45,869	-11,525	38,417	-14,995	-10,433	-18,458	23,835	20,051	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	100	0	0	99	1
interest	-2,725	-2,499	-1,439	26	-6,193	-10,472	-8,418	-4,245	76	162	206	117	39
cash flow from financing	30,494	-19,707	76,978	-14,969	-204,665	22,347	18,656	149,329	176	162	206	216	40
cash and cash equivalents
cash	13,042	-123,125	110,602	8,452	2,889	4,460	6,773	-22,492	30,228	-37,776	20,408	15,157	15,794
overdraft	0	0	10,000	0	0	0	0	0	0	0	0	0	0
change in cash	13,042	-123,125	100,602	8,452	2,889	4,460	6,773	-22,492	30,228	-37,776	20,408	15,157	15,794

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NORFOLK RECRUITMENT LIMITED group structure

Norfolk Recruitment Limited has no subsidiary companies.

Ultimate parent company

NORFOLK RECRUITMENT LIMITED

07068544

NORFOLK RECRUITMENT LIMITED Shareholders

gary phillip stuttard

100%

Norfolk Recruitment Limited currently has 1 director, Mr Gary Stuttard serving since Nov 2009.

officer	country	age	start	end	role
Mr Gary Stuttard	England	65 years	Nov 2009	-	Director

P&L

March 2023

turnover

4.7m

-4%

operating profit

389.3

gross margin

17.6%

+8.65%

turnover

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

Balance Sheet

March 2023

net assets

47.2k

-0.05%

total assets

454.4k

-0.03%

cash

30.8k

+0.73%

net assets

Total assets minus all liabilities

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company number

07068544

Type

Private limited with Share Capital

industry

78200 - Temporary employment agency activities

incorporation date

November 2009

ultimate parent company

None

previous names

N/A

address

the cottage 87 yarmouth road, norwich, norfolk, NR7 0HF

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 norfolk recruitment limited. Currently there are 1 open charges and 2 have been satisfied in the past.

norfolk recruitment limited Company Information

norfolk recruitment limited Estimated Valuation

norfolk recruitment limited Estimated Valuation

norfolk recruitment limited Estimated Valuation

Norfolk Recruitment Limited Overview

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NORFOLK RECRUITMENT LIMITED financials

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