abacus professional recruitment limited

abacus professional recruitment limited Company Information

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Company Number

NI048765

Industry

Temporary employment agency activities

 

Shareholders

clare rush

justin rush

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Group Structure

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Contact

Registered Address

16 mount charles, belfast, BT7 1NZ

abacus professional recruitment limited Estimated Valuation

£260.3k

Pomanda estimates the enterprise value of ABACUS PROFESSIONAL RECRUITMENT LIMITED at £260.3k based on a Turnover of £1.7m and 0.15x industry multiple (adjusted for size and gross margin).

abacus professional recruitment limited Estimated Valuation

£0

Pomanda estimates the enterprise value of ABACUS PROFESSIONAL RECRUITMENT LIMITED at £0 based on an EBITDA of £-43.8k and a 2.24x industry multiple (adjusted for size and gross margin).

abacus professional recruitment limited Estimated Valuation

£127.9k

Pomanda estimates the enterprise value of ABACUS PROFESSIONAL RECRUITMENT LIMITED at £127.9k based on Net Assets of £83.6k and 1.53x industry multiple (adjusted for liquidity).

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Abacus Professional Recruitment Limited Overview

Abacus Professional Recruitment Limited is a live company located in belfast, BT7 1NZ with a Companies House number of NI048765. It operates in the temporary employment agency activities sector, SIC Code 78200. Founded in November 2003, it's largest shareholder is clare rush with a 25% stake. Abacus Professional Recruitment Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.7m with rapid growth in recent years.

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Abacus Professional Recruitment Limited Health Check

Pomanda's financial health check has awarded Abacus Professional Recruitment Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £1.7m, make it smaller than the average company (£16.7m)

£1.7m - Abacus Professional Recruitment Limited

£16.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 118%, show it is growing at a faster rate (6.1%)

118% - Abacus Professional Recruitment Limited

6.1% - Industry AVG

production

Production

with a gross margin of 11%, this company has a higher cost of product (18.4%)

11% - Abacus Professional Recruitment Limited

18.4% - Industry AVG

profitability

Profitability

an operating margin of -2.7% make it less profitable than the average company (2.6%)

-2.7% - Abacus Professional Recruitment Limited

2.6% - Industry AVG

employees

Employees

with 6 employees, this is below the industry average (56)

6 - Abacus Professional Recruitment Limited

56 - Industry AVG

paystructure

Pay Structure

on an average salary of £52.7k, the company has an equivalent pay structure (£52.7k)

£52.7k - Abacus Professional Recruitment Limited

£52.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £289.5k, this is more efficient (£246.7k)

£289.5k - Abacus Professional Recruitment Limited

£246.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 62 days, this is later than average (45 days)

62 days - Abacus Professional Recruitment Limited

45 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 49 days, this is slower than average (4 days)

49 days - Abacus Professional Recruitment Limited

4 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Abacus Professional Recruitment Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Abacus Professional Recruitment Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 73.5%, this is a similar level of debt than the average (71.2%)

73.5% - Abacus Professional Recruitment Limited

71.2% - Industry AVG

ABACUS PROFESSIONAL RECRUITMENT LIMITED financials

EXPORTms excel logo

Abacus Professional Recruitment Limited's latest turnover from December 2023 is estimated at £1.7 million and the company has net assets of £83.6 thousand. According to their latest financial statements, Abacus Professional Recruitment Limited has 6 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013May 2012Aug 2011Aug 2010Aug 2009
Turnover1,736,9531,941,6221,897,383168,3322,252,5442,016,8371,240,498941,289437,097431,730424,599415,055249,118490,096199,9180
Other Income Or Grants0000000000000000
Cost Of Sales1,545,2131,738,7241,714,029151,7532,020,8361,799,2991,100,822836,342388,238382,746375,173365,424218,644427,469174,4920
Gross Profit191,740202,898183,35416,579231,707217,538139,677104,94748,85948,98449,42649,63130,47462,62725,4260
Admin Expenses239,120115,834159,31044,670192,866144,258162,029132,929-18,45949,60748,75416,28059,16158,60626,789-1,893
Operating Profit-47,38087,06424,044-28,09138,84173,280-22,352-27,98267,318-62367233,351-28,6874,021-1,3631,893
Interest Payable001,5931,555000000000000
Interest Receivable4,5684,781266677212910140141025415751190
Pre-Tax Profit-42,81391,84622,717-29,57938,91273,409-22,251-27,94267,333-61369733,392-28,6304,072-1,3441,893
Tax0-17,451-4,3160-7,393-13,94800-13,4660-146-7,6800-1,0590-530
Profit After Tax-42,81374,39518,401-29,57931,51959,461-22,251-27,94253,866-61355125,712-28,6303,013-1,3441,363
Dividends Paid0000000000000000
Retained Profit-42,81374,39518,401-29,57931,51959,461-22,251-27,94253,866-61355125,712-28,6303,013-1,3441,363
Employee Costs316,225358,068369,370219,842208,318198,246195,398156,38077,25337,99837,90337,25137,30335,81135,4050
Number Of Employees6785555421111110
EBITDA*-43,76190,29727,357-26,14442,82177,816-21,190-26,63767,609-2591,12733,755-28,2144,808-3793,011

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013May 2012Aug 2011Aug 2010Aug 2009
Tangible Assets15,68314,85714,25716,17915,91818,0544,6475,3761,1641,4551,8192,2742,6783,1513,9384,471
Intangible Assets0000000000000000
Investments & Other0000000000000000
Debtors (Due After 1 year)0000000000000000
Total Fixed Assets15,68314,85714,25716,17915,91818,0544,6475,3761,1641,4551,8192,2742,6783,1513,9384,471
Stock & work in progress0000000000000000
Trade Debtors299,323283,522259,90528,354292,787298,844173,347140,19087,80954,237009,04253,80819,17719,373
Group Debtors0000000000000000
Misc Debtors000247,18500000019,58419,29910,3749,06509,837
Cash0174,00099,218113,811122,89520,64013,74626,8075,5082563,7056,34310,14612,8137,6340
misc current assets0000000000000000
total current assets299,323457,522359,123389,350415,682319,484187,093166,99793,31754,49323,28925,64229,56275,68626,81129,210
total assets315,006472,379373,380405,529431,600337,538191,740172,37394,48155,94825,10827,91632,24078,83730,74933,681
Bank overdraft000987000000000000
Bank loan0000000000000000
Trade Creditors 210,203318,176284,628232333,868273,538185,681142,47440,32855,60324,07727,49557,48875,35830,20931,762
Group/Directors Accounts000218,150000000000000
other short term finances0000000000000000
hp & lease commitments0000000000000000
other current liabilities00099,472000000000000
total current liabilities210,203318,176284,628318,841333,868273,538185,681142,47440,32855,60324,07727,49557,48875,35830,20931,762
loans00050,000000000000000
hp & lease commitments0000000000000000
Accruals and Deferred Income0000000000000000
other liabilities17,28424,96934,0280001,4492,90000000000
provisions3,9212,8232,7103,0753,0258128831,021233291364305348445519554
total long term liabilities21,20527,79236,73853,0753,0258122,3323,921233291364305348445519554
total liabilities231,408345,968321,366371,916336,893274,350188,013146,39540,56155,89424,44127,80057,83675,80330,72832,316
net assets83,598126,41152,01433,61394,70763,1883,72725,97853,92054667116-25,5963,034211,365
total shareholders funds83,598126,41152,01433,61394,70763,1883,72725,97853,92054667116-25,5963,034211,365
Dec 2023Dec 2022Dec 2021Dec 2020May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013May 2012Aug 2011Aug 2010Aug 2009
Operating Activities
Operating Profit-47,38087,06424,044-28,09138,84173,280-22,352-27,98267,318-62367233,351-28,6874,021-1,3631,893
Depreciation3,6193,2333,3131,9473,9804,5361,1621,3452913644554044737879841,118
Amortisation0000000000000000
Tax0-17,451-4,3160-7,393-13,94800-13,4660-146-7,6800-1,0590-530
Stock0000000000000000
Debtors15,80123,617-15,634-23,305-6,057125,49733,15752,38133,57234,653285-117-43,45743,696-10,03329,210
Creditors-107,97333,548284,396-273,30660,33087,85743,207102,146-15,27531,526-3,418-29,993-17,87045,149-1,55331,762
Accruals and Deferred Income00-99,47299,472000000000000
Deferred Taxes & Provisions1,098113-3652,2632,213-71-138788-58-7359-43-97-74-35554
Cash flow from operations-166,43782,890223,234-174,410104,02826,157-11,27823,9165,238-3,459-2,663-3,844-2,7245,1288,0665,587
Investing Activities
capital expenditure-4,445-3,833-1,391-72-1,844-17,943-433-5,557000000-451-5,589
Change in Investments0000000000000000
cash flow from investments-4,445-3,833-1,391-72-1,844-17,943-433-5,557000000-451-5,589
Financing Activities
Bank loans0000000000000000
Group/Directors Accounts00-218,150218,150000000000000
Other Short Term Loans 0000000000000000
Long term loans00-50,00050,000000000000000
Hire Purchase and Lease Commitments0000000000000000
other long term liabilities-7,685-9,05934,02800-1,449-1,4512,90000000000
share issue0204000000000002
interest4,5684,781-1,327-1,4887212910140141025415751190
cash flow from financing-3,117-4,276-235,449266,66672-1,320-1,3502,940141025415751192
cash and cash equivalents
cash-174,00074,782-14,59393,171102,2556,894-13,06121,2995,252-3,449-2,638-3,803-2,6675,1797,6340
overdraft00-987987000000000000
change in cash-174,00074,782-13,60692,184102,2556,894-13,06121,2995,252-3,449-2,638-3,803-2,6675,1797,6340

abacus professional recruitment limited 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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Abacus Professional Recruitment Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for abacus professional recruitment limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in BT7 area or any other competitors across 12 key performance metrics.

abacus professional recruitment limited Ownership

ABACUS PROFESSIONAL RECRUITMENT LIMITED group structure

Abacus Professional Recruitment Limited has no subsidiary companies.

Ultimate parent company

ABACUS PROFESSIONAL RECRUITMENT LIMITED

NI048765

ABACUS PROFESSIONAL RECRUITMENT LIMITED Shareholders

clare rush 25%
justin rush 25%
ellen rush 25%
eoin rush 25%

abacus professional recruitment limited directors

Abacus Professional Recruitment Limited currently has 2 directors. The longest serving directors include Mr Justin Rush (Mar 2004) and Mrs Clare Rush (Feb 2016).

officercountryagestartendrole
Mr Justin Rush51 years Mar 2004- Director
Mrs Clare Rush51 years Feb 2016- Director

P&L

December 2023

turnover

1.7m

-11%

operating profit

-47.4k

0%

gross margin

11.1%

+5.64%

turnover

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

Balance Sheet

December 2023

net assets

83.6k

-0.34%

total assets

315k

-0.33%

cash

0

-1%

net assets

Total assets minus all liabilities

abacus professional recruitment limited company details

company number

NI048765

Type

Private limited with Share Capital

industry

78200 - Temporary employment agency activities

incorporation date

November 2003

age

22

incorporated

UK

ultimate parent company

None

accounts

Unaudited Abridged

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

-

address

16 mount charles, belfast, BT7 1NZ

Bank

ULSTER BANK LTD

Legal Advisor

-

abacus professional 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 abacus professional recruitment limited. Currently there are 1 open charges and 0 have been satisfied in the past.

abacus professional recruitment 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.

Click to start generating capital raising & share issue transactions for ABACUS PROFESSIONAL RECRUITMENT LIMITED. This can take several minutes, an email will notify you when this has completed.

abacus professional recruitment limited Companies House Filings - See Documents

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