straight forward recruitment limited
straight forward recruitment limited Company Information
Company Number
09922445
Website
www.straightforwardrec.co.ukRegistered Address
beechurst 8 commercial road, dereham, norfolk, NR19 1AE
Industry
Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
Telephone
01603567808
Next Accounts Due
December 2024
Group Structure
View All
Directors
Susan Roos2 Years
Shareholders
simon wooden 75%
ssg recruitment limited 25%
straight forward recruitment limited Estimated Valuation
Pomanda estimates the enterprise value of STRAIGHT FORWARD RECRUITMENT LIMITED at £390.8k based on a Turnover of £2.1m and 0.19x industry multiple (adjusted for size and gross margin).
straight forward recruitment limited Estimated Valuation
Pomanda estimates the enterprise value of STRAIGHT FORWARD RECRUITMENT LIMITED at £11k based on an EBITDA of £3.5k and a 3.11x industry multiple (adjusted for size and gross margin).
straight forward recruitment limited Estimated Valuation
Pomanda estimates the enterprise value of STRAIGHT FORWARD RECRUITMENT LIMITED at £44.3k based on Net Assets of £84.8k and 0.52x industry multiple (adjusted for liquidity).
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Straight Forward Recruitment Limited Overview
Straight Forward Recruitment Limited is a live company located in norfolk, NR19 1AE with a Companies House number of 09922445. It operates in the other activities of employment placement agencies sector, SIC Code 78109. Founded in December 2015, it's largest shareholder is simon wooden with a 75% stake. Straight Forward Recruitment Limited is a young, small sized company, Pomanda has estimated its turnover at £2.1m with low growth in recent years.
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Straight Forward Recruitment Limited Health Check
Pomanda's financial health check has awarded Straight Forward 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
1 Strong
2 Regular
8 Weak
Size
annual sales of £2.1m, make it smaller than the average company (£5.6m)
- Straight Forward Recruitment Limited
£5.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (3.8%)
- Straight Forward Recruitment Limited
3.8% - Industry AVG
Production
with a gross margin of 25.2%, this company has a comparable cost of product (25.2%)
- Straight Forward Recruitment Limited
25.2% - Industry AVG
Profitability
an operating margin of -3.2% make it less profitable than the average company (4.6%)
- Straight Forward Recruitment Limited
4.6% - Industry AVG
Employees
with 6 employees, this is below the industry average (32)
6 - Straight Forward Recruitment Limited
32 - Industry AVG
Pay Structure
on an average salary of £47.7k, the company has an equivalent pay structure (£47.7k)
- Straight Forward Recruitment Limited
£47.7k - Industry AVG
Efficiency
resulting in sales per employee of £350.9k, this is more efficient (£147.2k)
- Straight Forward Recruitment Limited
£147.2k - Industry AVG
Debtor Days
it gets paid by customers after 78 days, this is later than average (47 days)
- Straight Forward Recruitment Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (9 days)
- Straight Forward Recruitment Limited
9 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Straight Forward Recruitment Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (15 weeks)
0 weeks - Straight Forward Recruitment Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 92.2%, this is a higher level of debt than the average (65.6%)
92.2% - Straight Forward Recruitment Limited
65.6% - Industry AVG
STRAIGHT FORWARD RECRUITMENT LIMITED financials
Straight Forward Recruitment Limited's latest turnover from March 2023 is estimated at £2.1 million and the company has net assets of £84.8 thousand. According to their latest financial statements, Straight Forward Recruitment Limited has 6 employees and maintains cash reserves of £521 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Turnover | 2 | ||||||
| Other Income Or Grants | |||||||
| Cost Of Sales | |||||||
| Gross Profit | |||||||
| Admin Expenses | |||||||
| Operating Profit | |||||||
| Interest Payable | |||||||
| Interest Receivable | |||||||
| Pre-Tax Profit | |||||||
| Tax | |||||||
| Profit After Tax | |||||||
| Dividends Paid | |||||||
| Retained Profit | |||||||
| Employee Costs | |||||||
| Number Of Employees | 6 | 4 | 6 | 9 | 3 | 3 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 6,474 | 9,663 | 0 | 0 | 2,205 | 290 | 542 |
| Intangible Assets | 572,223 | 640,302 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 2,806 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 578,697 | 652,771 | 0 | 0 | 2,205 | 290 | 542 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 455,482 | 568,438 | 338,875 | 402,689 | 489,904 | 217,458 | 118,873 |
| Group Debtors | 0 | 159,049 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 56,653 | 48,574 | 57,487 | 45,188 | 0 | 0 | 0 |
| Cash | 521 | 11,792 | 9,223 | 9,337 | 0 | 0 | 3,513 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 512,656 | 787,853 | 405,585 | 457,214 | 489,904 | 217,458 | 122,386 |
| total assets | 1,091,353 | 1,440,624 | 405,585 | 457,214 | 492,109 | 217,748 | 122,928 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 8,193 | 413 | 8,018 | 4,533 | 440,179 | 216,648 | 141,579 |
| Group/Directors Accounts | 480,442 | 831,647 | 7,830 | 7,808 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 517,918 | 456,285 | 293,164 | 462,221 | 0 | 0 | 0 |
| total current liabilities | 1,006,553 | 1,288,345 | 309,012 | 474,562 | 440,179 | 216,648 | 141,579 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 1,000 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 1,000 | 0 |
| total liabilities | 1,006,553 | 1,288,345 | 309,012 | 474,562 | 440,179 | 217,648 | 141,579 |
| net assets | 84,800 | 152,279 | 96,573 | -17,348 | 51,930 | 100 | -18,651 |
| total shareholders funds | 84,800 | 152,279 | 96,573 | -17,348 | 51,930 | 100 | -18,651 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 3,189 | 1,737 | 0 | 0 | 258 | ||
| Amortisation | 68,079 | 34,006 | 0 | 0 | 0 | ||
| Tax | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -263,926 | 379,699 | -51,515 | 447,877 | 272,446 | 98,585 | 118,873 |
| Creditors | 7,780 | -7,605 | 3,485 | 4,533 | 223,531 | 75,069 | 141,579 |
| Accruals and Deferred Income | 61,633 | 163,121 | -169,057 | 462,221 | -1,000 | 1,000 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | -2,806 | 2,806 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -351,205 | 823,817 | 22 | 7,808 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | -11,271 | 2,569 | -114 | 9,337 | 0 | -3,513 | 3,513 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -11,271 | 2,569 | -114 | 9,337 | 0 | -3,513 | 3,513 |
straight forward recruitment limited Credit Report and Business Information
Straight Forward Recruitment Limited Competitor Analysis
Perform a competitor analysis for straight forward recruitment limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in NR19 area or any other competitors across 12 key performance metrics.
straight forward recruitment limited Ownership
STRAIGHT FORWARD RECRUITMENT LIMITED group structure
Straight Forward Recruitment Limited has 1 subsidiary company.
Ultimate parent company
STRAIGHT FORWARD RECRUITMENT LIMITED
09922445
1 subsidiary
straight forward recruitment limited directors
Straight Forward Recruitment Limited currently has 1 director, Ms Susan Roos serving since Oct 2021.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Susan Roos | England | 44 years | Oct 2021 | - | Director |
P&L
March 2023turnover
2.1m
-10%
operating profit
-67.7k
0%
gross margin
25.2%
-0.96%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
84.8k
-0.44%
total assets
1.1m
-0.24%
cash
521
-0.96%
net assets
Total assets minus all liabilities
Similar Companies
straight forward recruitment limited company details
company number
09922445
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
December 2015
age
9
incorporated
UK
accounts
Small Company
ultimate parent company
previous names
N/A
last accounts submitted
March 2023
address
beechurst 8 commercial road, dereham, norfolk, NR19 1AE
accountant
WALTER WRIGHT
auditor
-
straight forward 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 3 charges/mortgages relating to straight forward recruitment limited. Currently there are 3 open charges and 0 have been satisfied in the past.
straight forward recruitment limited Companies House Filings - See Documents
| date | description | view/download |
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