donard recruitment ltd

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donard recruitment ltd Company Information

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Company Number

NI631672

Registered Address

3rd floor, merrion business cent, 58 howard street, belfast, BT1 6PJ

Industry

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

 

Telephone

01614647277

Next Accounts Due

September 2024

Group Structure

View All

Directors

Michael Teague9 Years

Stephen McBride9 Years

Shareholders

stephen mcbride 33.3%

michael teague 33.3%

View All

donard recruitment ltd Estimated Valuation

£274k

Pomanda estimates the enterprise value of DONARD RECRUITMENT LTD at £274k based on a Turnover of £2.1m and 0.13x industry multiple (adjusted for size and gross margin).

donard recruitment ltd Estimated Valuation

£48.5k

Pomanda estimates the enterprise value of DONARD RECRUITMENT LTD at £48.5k based on an EBITDA of £19.2k and a 2.52x industry multiple (adjusted for size and gross margin).

donard recruitment ltd Estimated Valuation

£416k

Pomanda estimates the enterprise value of DONARD RECRUITMENT LTD at £416k based on Net Assets of £264.1k and 1.58x industry multiple (adjusted for liquidity).

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Donard Recruitment Ltd Overview

Donard Recruitment Ltd is a live company located in belfast, BT1 6PJ with a Companies House number of NI631672. It operates in the other activities of employment placement agencies sector, SIC Code 78109. Founded in June 2015, it's largest shareholder is stephen mcbride with a 33.3% stake. Donard Recruitment Ltd is a young, small sized company, Pomanda has estimated its turnover at £2.1m with declining growth in recent years.

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Donard Recruitment Ltd Health Check

Pomanda's financial health check has awarded Donard Recruitment Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £2.1m, make it smaller than the average company (£7.5m)

£2.1m - Donard Recruitment Ltd

£7.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (3.1%)

-6% - Donard Recruitment Ltd

3.1% - Industry AVG

production

Production

with a gross margin of 14.3%, this company has a higher cost of product (26.9%)

14.3% - Donard Recruitment Ltd

26.9% - Industry AVG

profitability

Profitability

an operating margin of 0.8% make it less profitable than the average company (4.9%)

0.8% - Donard Recruitment Ltd

4.9% - Industry AVG

employees

Employees

with 32 employees, this is similar to the industry average (35)

32 - Donard Recruitment Ltd

35 - Industry AVG

paystructure

Pay Structure

on an average salary of £52.8k, the company has an equivalent pay structure (£52.8k)

£52.8k - Donard Recruitment Ltd

£52.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £66.3k, this is less efficient (£202.7k)

£66.3k - Donard Recruitment Ltd

£202.7k - Industry AVG

debtordays

Debtor Days

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

60 days - Donard Recruitment Ltd

50 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 66 days, this is slower than average (10 days)

66 days - Donard Recruitment Ltd

10 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Donard Recruitment Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 35 weeks, this is more cash available to meet short term requirements (12 weeks)

35 weeks - Donard Recruitment Ltd

12 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 55.6%, this is a lower level of debt than the average (68.7%)

55.6% - Donard Recruitment Ltd

68.7% - Industry AVG

DONARD RECRUITMENT LTD financials

EXPORTms excel logo

Donard Recruitment Ltd's latest turnover from December 2022 is estimated at £2.1 million and the company has net assets of £264.1 thousand. According to their latest financial statements, Donard Recruitment Ltd has 32 employees and maintains cash reserves of £227.9 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015
Turnover2,123,1471,909,9222,174,7682,547,6981,265,686419,8481,001,828168,939
Other Income Or Grants00000000
Cost Of Sales1,818,7431,656,3101,882,2792,206,5121,099,804363,768865,646145,685
Gross Profit304,404253,612292,490341,185165,88256,080136,18323,254
Admin Expenses286,655-25,389290,645359,455285,489-105,953120,00115,693
Operating Profit17,749279,0011,845-18,270-119,607162,03316,1827,561
Interest Payable00000000
Interest Receivable9,53951556881,0396781224
Pre-Tax Profit27,288279,5161,901-18,182-118,568162,71116,1947,585
Tax-5,185-53,108-36100-30,915-3,239-1,517
Profit After Tax22,103226,4081,540-18,182-118,568131,79612,9556,068
Dividends Paid00000000
Retained Profit22,103226,4081,540-18,182-118,568131,79612,9556,068
Employee Costs1,691,1371,007,408945,708989,491140,21542,877128,79642,086
Number Of Employees322121213131
EBITDA*19,240280,4083,500-16,323-117,315164,13316,1827,651

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015
Tangible Assets8,4487,9709,37711,03212,97911,9506,7601,124
Intangible Assets6,6566,6566,6566,6566,6561,35600
Investments & Other00000000
Debtors (Due After 1 year)00000000
Total Fixed Assets15,10414,62616,03317,68819,63513,3066,7601,124
Stock & work in progress00000000
Trade Debtors352,023296,094305,163409,376202,4001,224157,79323,566
Group Debtors00000000
Misc Debtors00000000
Cash227,926317,13795,22717,7115,793271,30209,663
misc current assets00000000
total current assets579,949613,231400,390427,087208,193272,526157,79333,229
total assets595,053627,857416,423444,775227,828285,832164,55334,353
Bank overdraft00000000
Bank loan00000000
Trade Creditors 330,927385,834400,808430,700195,571135,007145,52428,281
Group/Directors Accounts00000000
other short term finances00000000
hp & lease commitments00000000
other current liabilities00000000
total current liabilities330,927385,834400,808430,700195,571135,007145,52428,281
loans00000000
hp & lease commitments00000000
Accruals and Deferred Income00000000
other liabilities00000000
provisions00000000
total long term liabilities00000000
total liabilities330,927385,834400,808430,700195,571135,007145,52428,281
net assets264,126242,02315,61514,07532,257150,82519,0296,072
total shareholders funds264,126242,02315,61514,07532,257150,82519,0296,072
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015
Operating Activities
Operating Profit17,749279,0011,845-18,270-119,607162,03316,1827,561
Depreciation1,4911,4071,6551,9472,2922,100090
Amortisation00000000
Tax-5,185-53,108-36100-30,915-3,239-1,517
Stock00000000
Debtors55,929-9,069-104,213206,976201,176-156,569134,22723,566
Creditors-54,907-14,974-29,892235,12960,564-10,517117,24328,281
Accruals and Deferred Income00000000
Deferred Taxes & Provisions00000000
Cash flow from operations-96,781221,39577,46011,830-257,927279,270-4,04110,849
Investing Activities
capital expenditure-1,969000-8,621-8,646-5,636-1,214
Change in Investments00000000
cash flow from investments-1,969000-8,621-8,646-5,636-1,214
Financing Activities
Bank loans00000000
Group/Directors Accounts00000000
Other Short Term Loans 00000000
Long term loans00000000
Hire Purchase and Lease Commitments00000000
other long term liabilities00000000
share issue00000024
interest9,53951556881,0396781224
cash flow from financing9,53951556881,0396781428
cash and cash equivalents
cash-89,211221,91077,51611,918-265,509271,302-9,6639,663
overdraft00000000
change in cash-89,211221,91077,51611,918-265,509271,302-9,6639,663

donard 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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Donard Recruitment Ltd Competitor Analysis

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donard recruitment ltd Ownership

DONARD RECRUITMENT LTD group structure

Donard Recruitment Ltd has no subsidiary companies.

Ultimate parent company

DONARD RECRUITMENT LTD

NI631672

DONARD RECRUITMENT LTD Shareholders

stephen mcbride 33.33%
michael teague 33.33%
kerrie mcbride 16.67%
sian teague 16.67%

donard recruitment ltd directors

Donard Recruitment Ltd currently has 2 directors. The longest serving directors include Mr Michael Teague (Jun 2015) and Mr Stephen McBride (Jun 2015).

officercountryagestartendrole
Mr Michael TeagueNorthern Ireland44 years Jun 2015- Director
Mr Stephen McBrideNorthern Ireland43 years Jun 2015- Director

P&L

December 2022

turnover

2.1m

+11%

operating profit

17.7k

0%

gross margin

14.4%

+7.97%

turnover

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

Balance Sheet

December 2022

net assets

264.1k

+0.09%

total assets

595.1k

-0.05%

cash

227.9k

-0.28%

net assets

Total assets minus all liabilities

donard recruitment ltd company details

company number

NI631672

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

June 2015

age

9

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

incorporated

UK

address

3rd floor, merrion business cent, 58 howard street, belfast, BT1 6PJ

last accounts submitted

December 2022

donard 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 1 charges/mortgages relating to donard recruitment ltd. Currently there are 0 open charges and 1 have been satisfied in the past.

charges

donard recruitment ltd Companies House Filings - See Documents

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