mrn recruitment limited

1.5

mrn recruitment limited Company Information

Share MRN RECRUITMENT LIMITED
Dissolved 

Company Number

07227673

Registered Address

frp advisory llp 2nd floor, 170 edmund street, birmingham, west midlands, B3 2HB

Industry

Temporary employment agency activities

 

Telephone

01775722332

Next Accounts Due

May 2024

Group Structure

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Directors

Brendan Moran14 Years

Shareholders

brendan michael moran 100%

mrn recruitment limited Estimated Valuation

£700.1k

Pomanda estimates the enterprise value of MRN RECRUITMENT LIMITED at £700.1k based on a Turnover of £4.3m and 0.16x industry multiple (adjusted for size and gross margin).

mrn recruitment limited Estimated Valuation

£0

Pomanda estimates the enterprise value of MRN RECRUITMENT LIMITED at £0 based on an EBITDA of £-11.6k and a 3.33x industry multiple (adjusted for size and gross margin).

mrn recruitment limited Estimated Valuation

£0

Pomanda estimates the enterprise value of MRN RECRUITMENT LIMITED at £0 based on Net Assets of £-155.5k and 1.58x industry multiple (adjusted for liquidity).

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Mrn Recruitment Limited Overview

Mrn Recruitment Limited is a dissolved company that was located in birmingham, B3 2HB with a Companies House number of 07227673. It operated in the temporary employment agency activities sector, SIC Code 78200. Founded in April 2010, it's largest shareholder was brendan michael moran with a 100% stake. The last turnover for Mrn Recruitment Limited was estimated at £4.3m.

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Mrn Recruitment Limited Health Check

Pomanda's financial health check has awarded Mrn Recruitment Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1.5out of 5
positive_score

1 Strong

positive_score

2 Regular

positive_score

8 Weak

size

Size

annual sales of £4.3m, make it smaller than the average company (£9.3m)

£4.3m - Mrn Recruitment Limited

£9.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -34%, show it is growing at a slower rate (8.3%)

-34% - Mrn Recruitment Limited

8.3% - Industry AVG

production

Production

with a gross margin of 17.4%, this company has a comparable cost of product (17.4%)

17.4% - Mrn Recruitment Limited

17.4% - Industry AVG

profitability

Profitability

an operating margin of -0.5% make it less profitable than the average company (2.5%)

-0.5% - Mrn Recruitment Limited

2.5% - Industry AVG

employees

Employees

with 10 employees, this is below the industry average (59)

10 - Mrn Recruitment Limited

59 - Industry AVG

paystructure

Pay Structure

on an average salary of £38.5k, the company has an equivalent pay structure (£38.5k)

£38.5k - Mrn Recruitment Limited

£38.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £434.6k, this is more efficient (£248.1k)

£434.6k - Mrn Recruitment Limited

£248.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 66 days, this is later than average (51 days)

66 days - Mrn Recruitment Limited

51 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 4 days, this is quicker than average (4 days)

4 days - Mrn Recruitment Limited

4 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Mrn Recruitment Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (4 weeks)

2 weeks - Mrn Recruitment Limited

4 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 112.5%, this is a higher level of debt than the average (75.5%)

112.5% - Mrn Recruitment Limited

75.5% - Industry AVG

mrn recruitment limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Mrn Recruitment Limited Competitor Analysis

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mrn recruitment limited Ownership

MRN RECRUITMENT LIMITED group structure

Mrn Recruitment Limited has no subsidiary companies.

Ultimate parent company

MRN RECRUITMENT LIMITED

07227673

MRN RECRUITMENT LIMITED Shareholders

brendan michael moran 100%

mrn recruitment limited directors

Mrn Recruitment Limited currently has 1 director, Mr Brendan Moran serving since Apr 2010.

officercountryagestartendrole
Mr Brendan MoranEngland51 years Apr 2010- Director

MRN RECRUITMENT LIMITED financials

EXPORTms excel logo

Mrn Recruitment Limited's latest turnover from April 2017 is estimated at £4.3 million and the company has net assets of -£155.5 thousand. According to their latest financial statements, Mrn Recruitment Limited has 10 employees and maintains cash reserves of £78.8 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Apr 2017Apr 2016Apr 2015Oct 2014Apr 2013Apr 2012Apr 2011
Turnover4,345,5943,556,80221,279,83315,255,30611,150,2775,199,678407,781
Other Income Or Grants0000000
Cost Of Sales3,589,2112,948,88817,557,99912,584,0699,167,2124,282,517331,670
Gross Profit756,383607,9143,721,8342,671,2371,983,065917,16076,111
Admin Expenses776,907720,0323,737,7082,803,2471,853,568918,48845,702
Operating Profit-20,524-112,118-15,874-132,010129,497-1,32830,409
Interest Payable0000000
Interest Receivable6661,249387584784592118
Pre-Tax Profit-19,858-110,869-15,487-131,426130,282-73630,527
Tax0000-29,9650-7,937
Profit After Tax-19,858-110,869-15,487-131,426100,317-73622,590
Dividends Paid0000000
Retained Profit-19,858-110,869-15,487-131,426100,317-73622,590
Employee Costs385,237531,1822,946,2451,907,4911,601,637770,10770,160
Number Of Employees1014785143212
EBITDA*-11,557-104,360-11,127-122,129134,0944,33930,805

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2017Apr 2016Apr 2015Oct 2014Apr 2013Apr 2012Apr 2011
Tangible Assets26,90223,27430,93337,97539,52622,2712,249
Intangible Assets0000000
Investments & Other0000000
Debtors (Due After 1 year)0125,63400000
Total Fixed Assets26,902148,90830,93337,97539,52622,2712,249
Stock & work in progress0000000
Trade Debtors793,839604,759979,863696,673574,811165,18360,191
Group Debtors0000000
Misc Debtors346,34146,32300000
Cash78,799454,34545,283109,517124,243189,55147,271
misc current assets0000000
total current assets1,218,9791,105,4271,025,146806,190699,054354,734107,462
total assets1,245,8811,254,3351,056,079844,165738,580377,005109,711
Bank overdraft0000000
Bank loan0000000
Trade Creditors 41,36720,6371,080,820853,419616,408355,1500
Group/Directors Accounts0000000
other short term finances0000000
hp & lease commitments0000000
other current liabilities1,356,5961,365,922000087,120
total current liabilities1,397,9631,386,5591,080,820853,419616,408355,15087,120
loans0000000
hp & lease commitments0000000
Accruals and Deferred Income0000000
other liabilities0000000
provisions3,3863,38600000
total long term liabilities3,3863,38600000
total liabilities1,401,3491,389,9451,080,820853,419616,408355,15087,120
net assets-155,468-135,610-24,741-9,254122,17221,85522,591
total shareholders funds-155,468-135,610-24,741-9,254122,17221,85522,591
Apr 2017Apr 2016Apr 2015Oct 2014Apr 2013Apr 2012Apr 2011
Operating Activities
Operating Profit-20,524-112,118-15,874-132,010129,497-1,32830,409
Depreciation8,9677,7584,7479,8814,5975,667396
Amortisation0000000
Tax0000-29,9650-7,937
Stock0000000
Debtors363,464-203,147283,190121,862409,628104,99260,191
Creditors20,730-1,060,183227,401237,011261,258355,1500
Accruals and Deferred Income-9,3261,365,922000-87,12087,120
Deferred Taxes & Provisions03,38600000
Cash flow from operations-363,617407,912-66,916-6,980-44,241167,37749,797
Investing Activities
capital expenditure-12,595-992,295-8,330-21,852-25,689-2,645
Change in Investments0000000
cash flow from investments-12,595-992,295-8,330-21,852-25,689-2,645
Financing Activities
Bank loans0000000
Group/Directors Accounts0000000
Other Short Term Loans 0000000
Long term loans0000000
Hire Purchase and Lease Commitments0000000
other long term liabilities0000000
share issue0000001
interest6661,249387584784592118
cash flow from financing6661,249387584784592119
cash and cash equivalents
cash-375,546409,062-64,234-14,726-65,308142,28047,271
overdraft0000000
change in cash-375,546409,062-64,234-14,726-65,308142,28047,271

P&L

April 2017

turnover

4.3m

+22%

operating profit

-20.5k

0%

gross margin

17.5%

+1.84%

turnover

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

Balance Sheet

April 2017

net assets

-155.5k

+0.15%

total assets

1.2m

-0.01%

cash

78.8k

-0.83%

net assets

Total assets minus all liabilities

mrn recruitment limited company details

company number

07227673

Type

Private limited with Share Capital

industry

78200 - Temporary employment agency activities

incorporation date

April 2010

age

14

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

UK

address

frp advisory llp 2nd floor, 170 edmund street, birmingham, west midlands, B3 2HB

last accounts submitted

April 2017

mrn 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 did not find charges/mortgages relating to mrn recruitment limited.

charges

mrn recruitment limited Companies House Filings - See Documents

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