r9 recruitment ltd

3.5

r9 recruitment ltd Company Information

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Company Number

10518870

Registered Address

the coach house the square, sawbridgeworth, hertfordshire, CM21 9AE

Industry

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

 

Telephone

441920872562

Next Accounts Due

September 2024

Group Structure

View All

Directors

Richard Howard7 Years

Shareholders

richard howard 99%

sarah howard 1%

r9 recruitment ltd Estimated Valuation

£461.6k

Pomanda estimates the enterprise value of R9 RECRUITMENT LTD at £461.6k based on a Turnover of £2.3m and 0.2x industry multiple (adjusted for size and gross margin).

r9 recruitment ltd Estimated Valuation

£226.8k

Pomanda estimates the enterprise value of R9 RECRUITMENT LTD at £226.8k based on an EBITDA of £68.6k and a 3.31x industry multiple (adjusted for size and gross margin).

r9 recruitment ltd Estimated Valuation

£398.7k

Pomanda estimates the enterprise value of R9 RECRUITMENT LTD at £398.7k based on Net Assets of £246.1k and 1.62x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from December 2022 

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R9 Recruitment Ltd Overview

R9 Recruitment Ltd is a live company located in hertfordshire, CM21 9AE with a Companies House number of 10518870. It operates in the other activities of employment placement agencies sector, SIC Code 78109. Founded in December 2016, it's largest shareholder is richard howard with a 99% stake. R9 Recruitment Ltd is a young, small sized company, Pomanda has estimated its turnover at £2.3m with declining growth in recent years.

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R9 Recruitment Ltd Health Check

Pomanda's financial health check has awarded R9 Recruitment Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

2 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

annual sales of £2.3m, make it smaller than the average company (£7.3m)

£2.3m - R9 Recruitment Ltd

£7.3m - Industry AVG

growth

Growth

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

-3% - R9 Recruitment Ltd

3% - Industry AVG

production

Production

with a gross margin of 27.4%, this company has a comparable cost of product (27.4%)

27.4% - R9 Recruitment Ltd

27.4% - Industry AVG

profitability

Profitability

an operating margin of 2.8% make it less profitable than the average company (4.9%)

2.8% - R9 Recruitment Ltd

4.9% - Industry AVG

employees

Employees

with 6 employees, this is below the industry average (35)

6 - R9 Recruitment Ltd

35 - Industry AVG

paystructure

Pay Structure

on an average salary of £52.9k, the company has an equivalent pay structure (£52.9k)

£52.9k - R9 Recruitment Ltd

£52.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £389.5k, this is more efficient (£201.8k)

£389.5k - R9 Recruitment Ltd

£201.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 60 days, this is later than average (50 days)

60 days - R9 Recruitment Ltd

50 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - R9 Recruitment Ltd

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - R9 Recruitment Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 29 weeks, this is more cash available to meet short term requirements (13 weeks)

29 weeks - R9 Recruitment Ltd

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 70.5%, this is a similar level of debt than the average (68.1%)

70.5% - R9 Recruitment Ltd

68.1% - Industry AVG

r9 recruitment ltd 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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R9 Recruitment Ltd Competitor Analysis

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Perform a competitor analysis for r9 recruitment ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.

r9 recruitment ltd Ownership

R9 RECRUITMENT LTD group structure

R9 Recruitment Ltd has no subsidiary companies.

Ultimate parent company

R9 RECRUITMENT LTD

10518870

R9 RECRUITMENT LTD Shareholders

richard howard 99%
sarah howard 1%

r9 recruitment ltd directors

R9 Recruitment Ltd currently has 1 director, Mr Richard Howard serving since Dec 2016.

officercountryagestartendrole
Mr Richard HowardEngland47 years Dec 2016- Director

R9 RECRUITMENT LTD financials

EXPORTms excel logo

R9 Recruitment Ltd's latest turnover from December 2022 is estimated at £2.3 million and the company has net assets of £246.1 thousand. According to their latest financial statements, R9 Recruitment Ltd has 6 employees and maintains cash reserves of £319.7 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017
Turnover2,337,0002,554,7942,975,3202,600,0851,590,3261,396,203
Other Income Or Grants000000
Cost Of Sales1,697,6641,893,2502,258,4341,981,2521,207,0421,055,105
Gross Profit639,336661,544716,887618,833383,284341,098
Admin Expenses573,412558,489689,528590,255317,826331,496
Operating Profit65,924103,05527,35928,57865,4589,602
Interest Payable3,8002,9691,525000
Interest Receivable10,786484734662550
Pre-Tax Profit72,910100,57025,90729,04465,7149,602
Tax-13,853-19,108-4,922-5,518-12,486-1,824
Profit After Tax59,05781,46220,98523,52653,2287,778
Dividends Paid000000
Retained Profit59,05781,46220,98523,52653,2287,778
Employee Costs317,301286,917222,728234,667186,489171,074
Number Of Employees665544
EBITDA*68,569104,92429,23829,73866,4439,602

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017
Tangible Assets10,5827,4765,6343,4802,9521,859
Intangible Assets000000
Investments & Other000000
Debtors (Due After 1 year)000000
Total Fixed Assets10,5827,4765,6343,4802,9521,859
Stock & work in progress000000
Trade Debtors388,125423,122480,276451,010381,704141,914
Group Debtors000000
Misc Debtors116,12286,83586,56836000
Cash319,652296,66990,49556,17568,1180
misc current assets000000
total current assets823,899806,626657,339507,545449,822141,914
total assets834,481814,102662,973511,025452,774143,773
Bank overdraft10,00010,0000000
Bank loan000000
Trade Creditors 000062110,995
Group/Directors Accounts000000
other short term finances000000
hp & lease commitments000000
other current liabilities553,345582,023507,356426,393391,6060
total current liabilities563,345592,023507,356426,393391,668110,995
loans25,00035,00050,000000
hp & lease commitments000000
Accruals and Deferred Income000000
other liabilities0000025,000
provisions000000
total long term liabilities25,00035,00050,0000025,000
total liabilities588,345627,023557,356426,393391,668135,995
net assets246,136187,079105,61784,63261,1067,778
total shareholders funds246,136187,079105,61784,63261,1067,778
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017
Operating Activities
Operating Profit65,924103,05527,35928,57865,4589,602
Depreciation2,6451,8691,8791,1609850
Amortisation000000
Tax-13,853-19,108-4,922-5,518-12,486-1,824
Stock000000
Debtors-5,710-56,887115,47469,666239,790141,914
Creditors000-62-110,933110,995
Accruals and Deferred Income-28,67874,66780,96334,787391,6060
Deferred Taxes & Provisions000000
Cash flow from operations31,748217,370-10,195-10,72194,840-23,141
Investing Activities
capital expenditure-5,751-3,711-4,033-1,688-2,078-1,859
Change in Investments000000
cash flow from investments-5,751-3,711-4,033-1,688-2,078-1,859
Financing Activities
Bank loans000000
Group/Directors Accounts000000
Other Short Term Loans 000000
Long term loans-10,000-15,00050,000000
Hire Purchase and Lease Commitments000000
other long term liabilities0000-25,00025,000
share issue00001000
interest6,986-2,485-1,4524662550
cash flow from financing-3,014-17,48548,548466-24,64525,000
cash and cash equivalents
cash22,983206,17434,320-11,94368,1180
overdraft010,0000000
change in cash22,983196,17434,320-11,94368,1180

P&L

December 2022

turnover

2.3m

-9%

operating profit

65.9k

0%

gross margin

27.4%

+5.65%

turnover

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

Balance Sheet

December 2022

net assets

246.1k

+0.32%

total assets

834.5k

+0.03%

cash

319.7k

+0.08%

net assets

Total assets minus all liabilities

r9 recruitment ltd company details

company number

10518870

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 2016

age

8

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

UK

address

the coach house the square, sawbridgeworth, hertfordshire, CM21 9AE

last accounts submitted

December 2022

r9 recruitment ltd 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 r9 recruitment ltd. Currently there are 2 open charges and 0 have been satisfied in the past.

charges

r9 recruitment ltd Companies House Filings - See Documents

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