coyne recruitment limited
coyne recruitment limited Company Information
Company Number
10948653
Website
coynerecruitment.co.ukRegistered Address
suite 305 queens dock commercial, 67-83 norfolk street, liverpool, merseyside, L1 0BG
Industry
Temporary employment agency activities
Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
Telephone
441512944431
Next Accounts Due
June 2025
Group Structure
View All
Shareholders
coyne recruitment limited 33.3%
stuart duffey 33.3%
View Allcoyne recruitment limited Estimated Valuation
Pomanda estimates the enterprise value of COYNE RECRUITMENT LIMITED at £176.9k based on a Turnover of £1m and 0.17x industry multiple (adjusted for size and gross margin).
coyne recruitment limited Estimated Valuation
Pomanda estimates the enterprise value of COYNE RECRUITMENT LIMITED at £0 based on an EBITDA of £-28.8k and a 3.01x industry multiple (adjusted for size and gross margin).
coyne recruitment limited Estimated Valuation
Pomanda estimates the enterprise value of COYNE RECRUITMENT LIMITED at £591.1k based on Net Assets of £343.9k and 1.72x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Coyne Recruitment Limited Overview
Coyne Recruitment Limited is a live company located in liverpool, L1 0BG with a Companies House number of 10948653. It operates in the temporary employment agency activities sector, SIC Code 78200. Founded in September 2017, it's largest shareholder is coyne recruitment limited with a 33.3% stake. Coyne Recruitment Limited is a young, small sized company, Pomanda has estimated its turnover at £1m with high growth in recent years.
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Coyne Recruitment Limited Health Check
Pomanda's financial health check has awarded Coyne Recruitment Limited 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
4 Strong
3 Regular
4 Weak
Size
annual sales of £1m, make it smaller than the average company (£10.7m)
- Coyne Recruitment Limited
£10.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 28%, show it is growing at a faster rate (4.9%)
- Coyne Recruitment Limited
4.9% - Industry AVG
Production
with a gross margin of 21.6%, this company has a comparable cost of product (21.6%)
- Coyne Recruitment Limited
21.6% - Industry AVG
Profitability
an operating margin of -2.9% make it less profitable than the average company (3.5%)
- Coyne Recruitment Limited
3.5% - Industry AVG
Employees
with 12 employees, this is below the industry average (43)
12 - Coyne Recruitment Limited
43 - Industry AVG
Pay Structure
on an average salary of £50.1k, the company has an equivalent pay structure (£50.1k)
- Coyne Recruitment Limited
£50.1k - Industry AVG
Efficiency
resulting in sales per employee of £87.5k, this is less efficient (£221.4k)
- Coyne Recruitment Limited
£221.4k - Industry AVG
Debtor Days
it gets paid by customers after 24 days, this is earlier than average (45 days)
- Coyne Recruitment Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 6 days, this is close to average (6 days)
- Coyne Recruitment Limited
6 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Coyne Recruitment Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 191 weeks, this is more cash available to meet short term requirements (9 weeks)
191 weeks - Coyne Recruitment Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 26.3%, this is a lower level of debt than the average (70%)
26.3% - Coyne Recruitment Limited
70% - Industry AVG
COYNE RECRUITMENT LIMITED financials
Coyne Recruitment Limited's latest turnover from September 2023 is estimated at £1 million and the company has net assets of £343.9 thousand. According to their latest financial statements, Coyne Recruitment Limited has 12 employees and maintains cash reserves of £349.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 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 | 12 | 12 | 12 | 4 | 3 | 3 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 8,655 | 10,847 | 9,376 | 7,223 | 7,402 | 333 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 7,870 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 16,525 | 10,847 | 9,376 | 7,223 | 7,402 | 333 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 69,060 | 147,910 | 119,027 | 47,157 | 54,172 | 12,327 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 31,670 | 25 | 0 | 6,705 | 0 | 0 |
| Cash | 349,099 | 382,346 | 470,253 | 262,190 | 98,651 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 449,829 | 530,281 | 589,280 | 316,052 | 152,823 | 12,327 |
| total assets | 466,354 | 541,128 | 598,656 | 323,275 | 160,225 | 12,660 |
| Bank overdraft | 0 | 0 | 0 | 15,634 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 13,749 | 9,213 | 3,054 | 0 | 35,040 | 12,403 |
| Group/Directors Accounts | 1,175 | 19,090 | 30,662 | 88,786 | 35,129 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 80,100 | 115,392 | 100,869 | 101,673 | 28,967 | 0 |
| total current liabilities | 95,024 | 143,695 | 134,585 | 206,093 | 99,136 | 12,403 |
| loans | 27,442 | 37,271 | 46,451 | 0 | 12,040 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 27,442 | 37,271 | 46,451 | 0 | 12,040 | 0 |
| total liabilities | 122,466 | 180,966 | 181,036 | 206,093 | 111,176 | 12,403 |
| net assets | 343,888 | 360,162 | 417,620 | 117,182 | 49,049 | 257 |
| total shareholders funds | 343,888 | 360,162 | 417,620 | 117,182 | 49,049 | 257 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 2,192 | 2,749 | 2,369 | 1,843 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | |
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -47,205 | 28,908 | 65,165 | -310 | 41,845 | 12,327 |
| Creditors | 4,536 | 6,159 | 3,054 | -35,040 | 22,637 | 12,403 |
| Accruals and Deferred Income | -35,292 | 14,523 | -804 | 72,706 | 28,967 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 7,870 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -17,915 | -11,572 | -58,124 | 53,657 | 35,129 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -9,829 | -9,180 | 46,451 | -12,040 | 12,040 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -33,247 | -87,907 | 208,063 | 163,539 | 98,651 | 0 |
| overdraft | 0 | 0 | -15,634 | 15,634 | 0 | 0 |
| change in cash | -33,247 | -87,907 | 223,697 | 147,905 | 98,651 | 0 |
coyne recruitment limited Credit Report and Business Information
Coyne Recruitment Limited Competitor Analysis
Perform a competitor analysis for coyne recruitment limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in L 1 area or any other competitors across 12 key performance metrics.
coyne recruitment limited Ownership
COYNE RECRUITMENT LIMITED group structure
Coyne Recruitment Limited has no subsidiary companies.
Ultimate parent company
COYNE RECRUITMENT LIMITED
10948653
coyne recruitment limited directors
Coyne Recruitment Limited currently has 2 directors. The longest serving directors include Mr Daniel Stowe (Apr 2019) and Mr Stuart Duffey (Apr 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Daniel Stowe | England | 43 years | Apr 2019 | - | Director |
| Mr Stuart Duffey | England | 43 years | Apr 2019 | - | Director |
P&L
September 2023turnover
1m
-17%
operating profit
-31k
0%
gross margin
21.7%
-1.09%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
343.9k
-0.05%
total assets
466.4k
-0.14%
cash
349.1k
-0.09%
net assets
Total assets minus all liabilities
coyne recruitment limited company details
company number
10948653
Type
Private limited with Share Capital
industry
78200 - Temporary employment agency activities
78109 - Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
incorporation date
September 2017
age
7
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
September 2023
previous names
N/A
accountant
DBS AND CO ACCOUNTANTS LIMITED
auditor
-
address
suite 305 queens dock commercial, 67-83 norfolk street, liverpool, merseyside, L1 0BG
Bank
-
Legal Advisor
-
coyne 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 1 charges/mortgages relating to coyne recruitment limited. Currently there are 0 open charges and 1 have been satisfied in the past.
coyne recruitment limited Companies House Filings - See Documents
| date | description | view/download |
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