new way recruit ltd
new way recruit ltd Company Information
Group Structure
View All
Industry
Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
+1Registered Address
22 clifton avenue, aldridge, walsall, WS9 8LG
Website
-new way recruit ltd Estimated Valuation
Pomanda estimates the enterprise value of NEW WAY RECRUIT LTD at £16.8k based on a Turnover of £133.6k and 0.13x industry multiple (adjusted for size and gross margin).
new way recruit ltd Estimated Valuation
Pomanda estimates the enterprise value of NEW WAY RECRUIT LTD at £0 based on an EBITDA of £-17.1k and a 2.23x industry multiple (adjusted for size and gross margin).
new way recruit ltd Estimated Valuation
Pomanda estimates the enterprise value of NEW WAY RECRUIT LTD at £0 based on Net Assets of £-17.1k and 1.29x industry multiple (adjusted for liquidity).
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New Way Recruit Ltd Overview
New Way Recruit Ltd is a live company located in walsall, WS9 8LG with a Companies House number of 10727635. It operates in the other activities of employment placement agencies sector, SIC Code 78109. Founded in April 2017, it's largest shareholder is leonard stone with a 100% stake. New Way Recruit Ltd is a young, micro sized company, Pomanda has estimated its turnover at £133.6k with low growth in recent years.
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New Way Recruit Ltd Health Check
Pomanda's financial health check has awarded New Way Recruit Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £133.6k, make it smaller than the average company (£11m)
- New Way Recruit Ltd
£11m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (8.9%)
- New Way Recruit Ltd
8.9% - Industry AVG
Production
with a gross margin of 12.2%, this company has a higher cost of product (20.8%)
- New Way Recruit Ltd
20.8% - Industry AVG
Profitability
an operating margin of -12.8% make it less profitable than the average company (2.6%)
- New Way Recruit Ltd
2.6% - Industry AVG
Employees
with 1 employees, this is below the industry average (48)
1 - New Way Recruit Ltd
48 - Industry AVG
Pay Structure
on an average salary of £51.1k, the company has an equivalent pay structure (£51.1k)
- New Way Recruit Ltd
£51.1k - Industry AVG
Efficiency
resulting in sales per employee of £133.6k, this is less efficient (£187.9k)
- New Way Recruit Ltd
£187.9k - Industry AVG
Debtor Days
it gets paid by customers after 25 days, this is earlier than average (42 days)
- New Way Recruit Ltd
42 days - Industry AVG
Creditor Days
its suppliers are paid after 82 days, this is slower than average (6 days)
- New Way Recruit Ltd
6 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- New Way Recruit Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - New Way Recruit Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 281%, this is a higher level of debt than the average (68.4%)
281% - New Way Recruit Ltd
68.4% - Industry AVG
NEW WAY RECRUIT LTD financials
New Way Recruit Ltd's latest turnover from April 2024 is estimated at £133.6 thousand and the company has net assets of -£17.1 thousand. According to their latest financial statements, New Way Recruit Ltd has 1 employee and maintains cash reserves of 0 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 | |
|---|---|---|---|---|---|---|---|
| Turnover | |||||||
| 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 | 1 | 1 | 1 | 1 | 1 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | |||||||
| Intangible Assets | |||||||
| Investments & Other | |||||||
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | |||||||
| Stock & work in progress | |||||||
| Trade Debtors | 9,433 | 27,329 | 29,904 | 17,931 | 16,331 | 1 | 1 |
| Group Debtors | |||||||
| Misc Debtors | |||||||
| Cash | |||||||
| misc current assets | |||||||
| total current assets | 9,433 | 27,329 | 29,904 | 17,931 | 16,331 | 1 | 1 |
| total assets | 9,433 | 27,329 | 29,904 | 17,931 | 16,331 | 1 | 1 |
| Bank overdraft | |||||||
| Bank loan | |||||||
| Trade Creditors | 26,505 | 27,312 | 30,932 | 18,032 | 15,702 | ||
| Group/Directors Accounts | |||||||
| other short term finances | |||||||
| hp & lease commitments | |||||||
| other current liabilities | |||||||
| total current liabilities | 26,505 | 27,312 | 30,932 | 18,032 | 15,702 | ||
| loans | |||||||
| hp & lease commitments | |||||||
| Accruals and Deferred Income | |||||||
| other liabilities | |||||||
| provisions | |||||||
| total long term liabilities | |||||||
| total liabilities | 26,505 | 27,312 | 30,932 | 18,032 | 15,702 | ||
| net assets | -17,072 | 17 | -1,028 | -101 | 629 | 1 | 1 |
| total shareholders funds | -17,072 | 17 | -1,028 | -101 | 629 | 1 | 1 |
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | |||||||
| Amortisation | |||||||
| Tax | |||||||
| Stock | |||||||
| Debtors | -17,896 | -2,575 | 11,973 | 1,600 | 16,330 | 1 | |
| Creditors | -807 | -3,620 | 12,900 | 2,330 | 15,702 | ||
| Accruals and Deferred Income | |||||||
| Deferred Taxes & Provisions | |||||||
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | |||||||
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | |||||||
| Group/Directors Accounts | |||||||
| Other Short Term Loans | |||||||
| Long term loans | |||||||
| Hire Purchase and Lease Commitments | |||||||
| other long term liabilities | |||||||
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | |||||||
| overdraft | |||||||
| change in cash |
new way recruit ltd Credit Report and Business Information
New Way Recruit Ltd Competitor Analysis
Perform a competitor analysis for new way recruit ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in WS9 area or any other competitors across 12 key performance metrics.
new way recruit ltd Ownership
NEW WAY RECRUIT LTD group structure
New Way Recruit Ltd has no subsidiary companies.
Ultimate parent company
NEW WAY RECRUIT LTD
10727635
new way recruit ltd directors
New Way Recruit Ltd currently has 1 director, Mr Leonard Stone serving since Apr 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Leonard Stone | England | 51 years | Apr 2017 | - | Director |
P&L
April 2024turnover
133.6k
-22%
operating profit
-17.1k
0%
gross margin
12.2%
-3.45%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2024net assets
-17.1k
-1005.24%
total assets
9.4k
-0.65%
cash
0
0%
net assets
Total assets minus all liabilities
new way recruit ltd company details
company number
10727635
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.
78200 - Temporary employment agency activities
incorporation date
April 2017
age
8
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
April 2024
previous names
N/A
accountant
-
auditor
-
address
22 clifton avenue, aldridge, walsall, WS9 8LG
Bank
-
Legal Advisor
-
new way recruit 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 did not find charges/mortgages relating to new way recruit ltd.
new way recruit ltd 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.
Click to start generating capital raising & share issue transactions for NEW WAY RECRUIT LTD. This can take several minutes, an email will notify you when this has completed.
new way recruit ltd Companies House Filings - See Documents
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