Progress Recruitment Solutions (uk) Ltd

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progress recruitment solutions (uk) ltd Company Information

Company Number

07548789

Next Accounts

1910 days late

Directors

Edward Bott

Shareholders

jwd capital 6. limited

Group Structure

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Industry

Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.

Registered Address

orchard business centre, 13-14 orchard street, bristol, BS1 5EH

Website

progressrecruitment.co.uk

progress recruitment solutions (uk) ltd Estimated Valuation

£301.3k

Pomanda estimates the enterprise value of PROGRESS RECRUITMENT SOLUTIONS (UK) LTD at £301.3k based on a Turnover of £1.9m and 0.16x industry multiple (adjusted for size and gross margin).

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Progress Recruitment Solutions (uk) Ltd is a live company located in bristol, BS1 5EH with a Companies House number of 07548789. It operates in the other activities of employment placement agencies sector, SIC Code 78109. Founded in March 2011, it's largest shareholder is jwd capital 6. limited with a 100% stake. Progress Recruitment Solutions (uk) Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.9m with rapid growth in recent years.

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Pomanda's financial health check has awarded Progress Recruitment Solutions (Uk) Ltd a 4 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

Health Rating4out of 5

4 Strong

3 Regular

4 Weak

Size

annual sales of £1.9m, make it smaller than the average company (£3m)

Growth

3 year (CAGR) sales growth of 51%, show it is growing at a faster rate (2.9%)

EXPORT

Progress Recruitment Solutions (Uk) Ltd's latest turnover from March 2018 is estimated at £1.9 million and the company has net assets of £159.4 thousand. According to their latest financial statements, Progress Recruitment Solutions (Uk) Ltd has 30 employees and maintains cash reserves of £132.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012
Turnover	1,874,860	1,371,858	837,717	546,936	232,327	78,702	43,048
Other Income Or Grants
Cost Of Sales	1,452,223	1,050,922	644,856	412,167	176,486	57,242	29,982
Gross Profit	422,637	320,936	192,861	134,769	55,841	21,460	13,065
Admin Expenses	432,574	141,676	197,793	115,693	45,344	16,445	10,210
Operating Profit	-9,937	179,260	-4,932	19,076	10,497	5,015	2,855
Interest Payable				80	227	146
Interest Receivable	891	362	331	335	248	108	26
Pre-Tax Profit	-9,046	179,621	-4,601	19,330	10,518	4,976	2,881
Tax		-35,924		-4,059	-2,419	-1,194	-749
Profit After Tax	-9,046	143,697	-4,601	15,271	8,099	3,782	2,132
Dividends Paid
Retained Profit	-9,046	143,697	-4,601	15,271	8,099	3,782	2,132
Employee Costs	1,214,912	912,807	545,903	153,071	73,689	35,523	35,400
Number Of Employees	30	23	14	4	2	1	1
EBITDA*	4,081	185,846	120	22,917	13,146	6,219	3,171

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012
Tangible Assets	44,020	12,402	11,274	7,006	6,988	5,535	1,629
Intangible Assets
Investments & Other	1	1
Debtors (Due After 1 year)
Total Fixed Assets	44,021	12,403	11,274	7,006	6,988	5,535	1,629
Stock & work in progress
Trade Debtors	130,088	72,950	49,742	22,083	31,428	9,960	7,410
Group Debtors
Misc Debtors	39,146	29,012	7,151
Cash	132,145	224,422	64,976	67,500	66,478	32,910	10,260
misc current assets
total current assets	301,379	326,384	121,869	89,583	97,906	42,870	17,670
total assets	345,400	338,787	133,143	96,589	104,894	48,405	19,299
Bank overdraft					2,476	4,506
Bank loan
Trade Creditors	21,695	29,062	11,649	67,013			411
Group/Directors Accounts	1	1					12,750
other short term finances
hp & lease commitments
other current liabilities	146,557	131,437	94,456		88,027	37,164	3,580
total current liabilities	168,253	160,500	106,105	67,013	90,503	41,670	16,741
loans
hp & lease commitments
Accruals and Deferred Income	9,350	7,450
other liabilities
provisions	8,363	2,357	2,255	192	278	721	326
total long term liabilities	17,713	9,807	2,255	192	278	721	326
total liabilities	185,966	170,307	108,360	67,205	90,781	42,391	17,067
net assets	159,434	168,480	24,783	29,384	14,113	6,014	2,232
total shareholders funds	159,434	168,480	24,783	29,384	14,113	6,014	2,232

	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012
Operating Activities
Operating Profit	-9,937	179,260	-4,932	19,076	10,497	5,015	2,855
Depreciation	14,018	6,586	5,052	3,841	2,649	1,204	316
Amortisation
Tax		-35,924		-4,059	-2,419	-1,194	-749
Stock
Debtors	67,272	45,069	34,810	-9,345	21,468	2,550	7,410
Creditors	-7,367	17,413	-55,364	67,013		-411	411
Accruals and Deferred Income	17,020	44,431	94,456	-88,027	50,863	33,584	3,580
Deferred Taxes & Provisions	6,006	102	2,063	-86	-443	395	326
Cash flow from operations	-47,532	166,799	6,465	7,103	39,679	36,043	-671
Investing Activities
capital expenditure	-45,636	-7,714	-9,320	-3,859	-4,102	-5,110	-1,945
Change in Investments		1
cash flow from investments	-45,636	-7,715	-9,320	-3,859	-4,102	-5,110	-1,945
Financing Activities
Bank loans
Group/Directors Accounts		1				-12,750	12,750
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue							100
interest	891	362	331	255	21	-38	26
cash flow from financing	891	363	331	255	21	-12,788	12,876
cash and cash equivalents
cash	-92,277	159,446	-2,524	1,022	33,568	22,650	10,260
overdraft				-2,476	-2,030	4,506
change in cash	-92,277	159,446	-2,524	3,498	35,598	18,144	10,260

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PROGRESS RECRUITMENT SOLUTIONS (UK) LTD group structure

Progress Recruitment Solutions (Uk) Ltd has 1 subsidiary company.

Ultimate parent company

PROGRESS RECRUITMENT SOLUTIONS (UK) LTD

07548789

1 subsidiary

PROGRESS AUTOMOTIVE RECRUITMENT LTD

09922413

PROGRESS RECRUITMENT SOLUTIONS (UK) LTD Shareholders

jwd capital 6. limited

100%

Progress Recruitment Solutions (Uk) Ltd currently has 1 director, Mr Edward Bott serving since Oct 2019.

officer	country	age	start	end	role
Mr Edward Bott	United Kingdom	32 years	Oct 2019	-	Director

P&L

March 2018

turnover

1.9m

+37%

operating profit

-9.9k

gross margin

22.6%

-3.64%

turnover

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

Balance Sheet

March 2018

net assets

159.4k

-0.05%

total assets

345.4k

+0.02%

cash

132.1k

-0.41%

net assets

Total assets minus all liabilities

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company number

07548789

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

March 2011

ultimate parent company

None

previous names

N/A

address

orchard business centre, 13-14 orchard street, bristol, BS1 5EH

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 progress recruitment solutions (uk) ltd. Currently there are 0 open charges and 1 have been satisfied in the past.

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progress recruitment solutions (uk) ltd Company Information

progress recruitment solutions (uk) ltd Estimated Valuation

progress recruitment solutions (uk) ltd Estimated Valuation

progress recruitment solutions (uk) ltd Estimated Valuation

Progress Recruitment Solutions (uk) Ltd Overview

Progress Recruitment Solutions (uk) Ltd Health Check

PROGRESS RECRUITMENT SOLUTIONS (UK) LTD financials

progress recruitment solutions (uk) ltd Credit Report and Business Information

Progress Recruitment Solutions (uk) Ltd Competitor Analysis

progress recruitment solutions (uk) ltd Ownership

progress recruitment solutions (uk) ltd directors

progress recruitment solutions (uk) ltd company details

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progress recruitment solutions (uk) ltd Capital Raised & Share Issues BETA

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