precision resource group limited
precision resource group limited Company Information
Company Number
09573050
Next Accounts
Jan 2026
Shareholders
thomas james hibberd
katarina lloyd
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
61 queen square, bristol, BS1 4JZ
Website
precisionresourcegroup.co.ukprecision resource group limited Estimated Valuation
Pomanda estimates the enterprise value of PRECISION RESOURCE GROUP LIMITED at £40.2m based on a Turnover of £111.3m and 0.36x industry multiple (adjusted for size and gross margin).
precision resource group limited Estimated Valuation
Pomanda estimates the enterprise value of PRECISION RESOURCE GROUP LIMITED at £16.4m based on an EBITDA of £2.8m and a 5.93x industry multiple (adjusted for size and gross margin).
precision resource group limited Estimated Valuation
Pomanda estimates the enterprise value of PRECISION RESOURCE GROUP LIMITED at £7.2m based on Net Assets of £4.6m and 1.56x industry multiple (adjusted for liquidity).
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Precision Resource Group Limited Overview
Precision Resource Group Limited is a live company located in bristol, BS1 4JZ with a Companies House number of 09573050. It operates in the other activities of employment placement agencies sector, SIC Code 78109. Founded in May 2015, it's largest shareholder is thomas james hibberd with a 37.5% stake. Precision Resource Group Limited is a established, mega sized company, Pomanda has estimated its turnover at £111.3m with rapid growth in recent years.
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Precision Resource Group Limited Health Check
Pomanda's financial health check has awarded Precision Resource Group Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
3 Weak
Size
annual sales of £111.3m, make it larger than the average company (£8.3m)
£111.3m - Precision Resource Group Limited
£8.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 46%, show it is growing at a faster rate (9.8%)
46% - Precision Resource Group Limited
9.8% - Industry AVG
Production
with a gross margin of 23.4%, this company has a comparable cost of product (23.3%)
23.4% - Precision Resource Group Limited
23.3% - Industry AVG
Profitability
an operating margin of 2.2% make it less profitable than the average company (2.8%)
2.2% - Precision Resource Group Limited
2.8% - Industry AVG
Employees
with 280 employees, this is above the industry average (45)
280 - Precision Resource Group Limited
45 - Industry AVG
Pay Structure
on an average salary of £62.9k, the company has an equivalent pay structure (£53.5k)
£62.9k - Precision Resource Group Limited
£53.5k - Industry AVG
Efficiency
resulting in sales per employee of £397.5k, this is more efficient (£157.3k)
£397.5k - Precision Resource Group Limited
£157.3k - Industry AVG
Debtor Days
it gets paid by customers after 33 days, this is earlier than average (41 days)
33 days - Precision Resource Group Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 2 days, this is quicker than average (8 days)
2 days - Precision Resource Group Limited
8 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Precision Resource Group Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (10 weeks)
1 weeks - Precision Resource Group Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 72.6%, this is a similar level of debt than the average (66.8%)
72.6% - Precision Resource Group Limited
66.8% - Industry AVG
PRECISION RESOURCE GROUP LIMITED financials
Precision Resource Group Limited's latest turnover from April 2024 is £111.3 million and the company has net assets of £4.6 million. According to their latest financial statements, Precision Resource Group Limited has 280 employees and maintains cash reserves of £352.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 111,293,692 | 95,850,022 | 59,394,785 | 36,091,567 | 31,344,768 | 25,464,647 | 17,605,226 | ||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 85,237,781 | 70,999,642 | 43,475,998 | 26,726,096 | 23,206,933 | 18,841,149 | 13,016,281 | ||
| Gross Profit | 26,055,911 | 24,850,380 | 15,918,787 | 9,365,471 | 8,137,835 | 6,623,498 | 4,588,945 | ||
| Admin Expenses | 23,664,291 | 21,551,833 | 13,485,974 | 7,930,187 | 7,136,585 | 5,396,554 | 3,625,178 | ||
| Operating Profit | 2,391,620 | 3,298,547 | 2,432,813 | 1,435,284 | 1,001,250 | 1,226,944 | 963,767 | ||
| Interest Payable | 26,315 | 15,330 | 0 | 0 | 0 | 1,070 | 7,801 | ||
| Interest Receivable | 8,258 | 7,201 | 0 | 0 | 731 | 192 | 3 | ||
| Pre-Tax Profit | 2,373,563 | 3,290,418 | 2,432,813 | 1,435,284 | 1,001,981 | 1,226,066 | 955,969 | ||
| Tax | -764,583 | -903,545 | -411,993 | -291,675 | -157,785 | -151,770 | -164,096 | ||
| Profit After Tax | 1,608,980 | 2,386,873 | 2,020,820 | 1,143,609 | 844,196 | 1,074,296 | 791,873 | ||
| Dividends Paid | 1,417,808 | 1,070,341 | 971,167 | 676,750 | 498,079 | 637,419 | 552,704 | ||
| Retained Profit | 191,172 | 1,316,532 | 1,049,653 | 466,859 | 346,117 | 436,877 | 239,169 | ||
| Employee Costs | 17,601,994 | 16,492,340 | 10,192,286 | 6,602,592 | 5,139,272 | 3,669,328 | 2,530,829 | ||
| Number Of Employees | 280 | 251 | 164 | 123 | 122 | 78 | 56 | 9 | 8 |
| EBITDA* | 2,756,844 | 3,507,747 | 2,520,685 | 1,492,711 | 1,085,798 | 1,296,669 | 1,023,875 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 910,419 | 1,108,337 | 290,751 | 125,067 | 111,893 | 125,579 | 107,734 | 20,492 | 6,006 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 98 | 98 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 200 | 200 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 910,419 | 1,108,337 | 290,751 | 125,067 | 111,893 | 125,677 | 107,832 | 20,692 | 6,206 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 10,105,310 | 9,819,241 | 7,354,943 | 3,989,901 | 4,118,319 | 2,958,237 | 2,693,272 | 383,839 | 226,014 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 5,365,901 | 4,132,066 | 3,216,673 | 2,213,856 | 1,826,419 | 1,245,031 | 1,490,724 | 68,216 | 28,314 |
| Cash | 352,533 | 363,071 | 373,117 | 179,533 | 332,183 | 76,107 | 91,060 | 16,039 | 13,095 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 15,823,744 | 14,314,378 | 10,944,733 | 6,383,290 | 6,276,921 | 4,279,375 | 4,275,056 | 468,094 | 267,423 |
| total assets | 16,734,163 | 15,422,715 | 11,235,484 | 6,508,357 | 6,388,814 | 4,405,052 | 4,382,888 | 488,786 | 273,629 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 541,183 | 181,506 | 557,235 | 102,679 | 138,161 | 71,344 | 321,796 | 40,069 | 194,437 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 104,238 | 249,947 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 11,337,846 | 10,354,536 | 7,716,375 | 4,548,968 | 4,926,710 | 3,357,571 | 3,540,873 | 448,575 | 79,061 |
| total current liabilities | 11,983,267 | 10,785,989 | 8,273,610 | 4,651,647 | 5,064,871 | 3,428,915 | 3,862,669 | 488,644 | 273,498 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 104,246 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 157,659 | 216,258 | 52,045 | 21,630 | 20,730 | 19,041 | 0 | 0 | 0 |
| total long term liabilities | 157,659 | 320,504 | 52,045 | 21,630 | 20,730 | 19,041 | 0 | 0 | 0 |
| total liabilities | 12,140,926 | 11,106,493 | 8,325,655 | 4,673,277 | 5,085,601 | 3,447,956 | 3,862,669 | 488,644 | 273,498 |
| net assets | 4,593,237 | 4,316,222 | 2,909,829 | 1,835,080 | 1,303,213 | 957,096 | 520,219 | 142 | 131 |
| total shareholders funds | 4,593,237 | 4,316,222 | 2,909,829 | 1,835,080 | 1,303,213 | 957,096 | 520,219 | 142 | 131 |
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 2,391,620 | 3,298,547 | 2,432,813 | 1,435,284 | 1,001,250 | 1,226,944 | 963,767 | ||
| Depreciation | 365,224 | 209,200 | 87,872 | 57,427 | 84,450 | 69,725 | 60,108 | 5,953 | 1,502 |
| Amortisation | 0 | 0 | 0 | 0 | 98 | 0 | 0 | 0 | 0 |
| Tax | -764,583 | -903,545 | -411,993 | -291,675 | -157,785 | -151,770 | -164,096 | ||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1,519,904 | 3,379,691 | 4,367,859 | 259,019 | 1,741,470 | 19,272 | 3,731,941 | 197,727 | 254,328 |
| Creditors | 359,677 | -375,729 | 454,556 | -35,482 | 66,817 | -250,452 | 281,727 | -154,368 | 194,437 |
| Accruals and Deferred Income | 983,310 | 2,638,161 | 3,167,407 | -377,742 | 1,569,139 | -183,302 | 3,092,298 | 369,514 | 79,061 |
| Deferred Taxes & Provisions | -58,599 | 164,213 | 30,415 | 900 | 1,689 | 19,041 | 0 | 0 | 0 |
| Cash flow from operations | 1,756,745 | 1,651,156 | 1,393,211 | 529,693 | 824,188 | 710,914 | 501,863 | ||
| Investing Activities | |||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -87,570 | -25,490 | ||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | -200 | 0 | 200 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | -87,570 | -25,290 | ||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -249,955 | 354,193 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | -18,057 | -8,129 | 0 | 0 | 731 | -878 | -7,798 | ||
| cash flow from financing | -182,169 | 435,925 | 25,096 | 65,008 | 731 | -878 | 273,110 | ||
| cash and cash equivalents | |||||||||
| cash | -10,538 | -10,046 | 193,584 | -152,650 | 256,076 | -14,953 | 75,021 | 2,944 | 13,095 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -10,538 | -10,046 | 193,584 | -152,650 | 256,076 | -14,953 | 75,021 | 2,944 | 13,095 |
precision resource group limited Credit Report and Business Information
Precision Resource Group Limited Competitor Analysis
Perform a competitor analysis for precision resource group limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mega companies, companies in BS1 area or any other competitors across 12 key performance metrics.
precision resource group limited Ownership
PRECISION RESOURCE GROUP LIMITED group structure
Precision Resource Group Limited has 2 subsidiary companies.
Ultimate parent company
PRECISION RESOURCE GROUP LIMITED
09573050
2 subsidiaries
precision resource group limited directors
Precision Resource Group Limited currently has 3 directors. The longest serving directors include Mr Mark Lloyd (May 2015) and Mr Thomas Hibberd (May 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Lloyd | 50 years | May 2015 | - | Director | |
| Mr Thomas Hibberd | 48 years | May 2015 | - | Director | |
| Mr Neil Willis-Stovold | England | 41 years | Jan 2018 | - | Director |
P&L
April 2024turnover
111.3m
+16%
operating profit
2.4m
-27%
gross margin
23.5%
-9.7%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2024net assets
4.6m
+0.06%
total assets
16.7m
+0.09%
cash
352.5k
-0.03%
net assets
Total assets minus all liabilities
Similar Companies
precision resource group limited company details
company number
09573050
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
May 2015
age
10
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
April 2024
previous names
N/A
accountant
-
auditor
BURNSIDE
address
61 queen square, bristol, BS1 4JZ
Bank
-
Legal Advisor
-
precision resource group 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 2 charges/mortgages relating to precision resource group limited. Currently there are 2 open charges and 0 have been satisfied in the past.
precision resource group 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.
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precision resource group limited Companies House Filings - See Documents
| date | description | view/download |
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