Xpress Recruitment Limited

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xpress recruitment limited Company Information

Live

MatureSmallRapid

Company Number

SC244891

Website

www.xpressrecruitment.com

Registered Address

gyleworks, 34 south gyle crescent, edinburgh, EH12 9EB

Industry

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

Telephone

01314401960

Next Accounts Due

September 2025

Group Structure

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Directors

Richard Ward0 Years

Martin Kumar0 Years

Shareholders

paul james wilson 100%

xpress recruitment limited Estimated Valuation

£125.3k

Pomanda estimates the enterprise value of XPRESS RECRUITMENT LIMITED at £125.3k based on a Turnover of £775.4k and 0.16x industry multiple (adjusted for size and gross margin).

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Xpress Recruitment Limited is a live company located in edinburgh, EH12 9EB with a Companies House number of SC244891. It operates in the other activities of employment placement agencies sector, SIC Code 78109. Founded in March 2003, it's largest shareholder is paul james wilson with a 100% stake. Xpress Recruitment Limited is a mature, small sized company, Pomanda has estimated its turnover at £775.4k with rapid growth in recent years.

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Pomanda's financial health check has awarded Xpress Recruitment Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

3 Regular

6 Weak

Size

annual sales of £775.4k, make it smaller than the average company (£7.3m)

Growth

3 year (CAGR) sales growth of 51%, show it is growing at a faster rate (5.2%)

EXPORT

Xpress Recruitment Limited's latest turnover from December 2023 is estimated at £775.4 thousand and the company has net assets of £27.3 thousand. According to their latest financial statements, Xpress Recruitment Limited has 5 employees and maintains cash reserves of £1.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	775,433	488,381	267,483	226,671	550,227	934,640	483,197	637,842	944,878	1,105,815	1,324,893	1,991,007	538,993	946,104	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	574,347	357,029	198,296	172,443	420,186	709,869	366,279	478,013	708,000	818,110	983,997	1,419,909	369,448	650,673	0
Gross Profit	201,086	131,352	69,186	54,227	130,040	224,770	116,918	159,829	236,877	287,706	340,896	571,098	169,545	295,431	0
Admin Expenses	201,228	147,303	50,516	60,464	122,724	197,645	114,398	174,495	238,429	289,459	335,242	571,580	160,782	300,781	-12,175
Operating Profit	-142	-15,951	18,670	-6,237	7,316	27,125	2,520	-14,666	-1,552	-1,753	5,654	-482	8,763	-5,350	12,175
Interest Payable	483	52	623	1,370	1,123	916	2,256	3,019	1,505	0	0	1,844	4,645	2,801	0
Interest Receivable	64	37	13	6	12	11	7	4	9	13	11	8	8	9	6
Pre-Tax Profit	-561	-15,965	18,060	-7,601	6,205	26,220	270	-17,682	-3,047	-1,740	5,665	-2,318	4,126	-8,142	12,181
Tax	0	0	-3,431	0	-1,179	-4,982	-51	0	0	0	-1,303	0	-1,073	0	-3,411
Profit After Tax	-561	-15,965	14,629	-7,601	5,026	21,238	219	-17,682	-3,047	-1,740	4,362	-2,318	3,053	-8,142	8,770
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-561	-15,965	14,629	-7,601	5,026	21,238	219	-17,682	-3,047	-1,740	4,362	-2,318	3,053	-8,142	8,770
Employee Costs	264,968	369,936	239,859	225,169	376,949	327,168	171,507	386,388	505,036	294,604	369,046	536,449	164,584	267,967	0
Number Of Employees	5	7	5	5	8	7	4	9	12	7	9	13	4	7	0
EBITDA*	443	-15,106	19,693	-4,875	8,866	28,721	4,334	-12,261	1,420	2,187	7,594	1,864	11,651	-1,579	14,749

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	1,755	2,339	3,068	4,091	5,453	4,929	5,323	7,432	9,191	12,163	6,248	7,569	9,335	12,223	8,465
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	10,747	12,806	12,345	9,405	7,970	4,785	0	0
Total Fixed Assets	1,755	2,339	3,068	4,091	5,453	4,929	5,323	18,179	21,997	24,508	15,653	15,539	14,120	12,223	8,465
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	95,141	30,676	11,700	147	22,074	79,447	27,030	24,265	48,554	75,626	101,507	155,703	54,997	128,836	68,737
Group Debtors	0	19,743	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	10,442	6,082	54,246	57,302	63,826	25,753	41,212	62,845	64,388	49,378	37,618	0	33,950	0	0
Cash	1,202	1,373	765	9,615	1,515	1,552	1,352	1,372	1,622	2,120	3,068	1,491	1,581	1,494	2,244
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	106,785	57,874	66,711	67,064	87,415	106,752	69,594	88,482	114,564	127,124	142,193	157,194	90,528	130,330	70,981
total assets	108,540	60,213	69,779	71,155	92,868	111,681	74,917	106,661	136,561	151,632	157,846	172,733	104,648	142,553	79,446
Bank overdraft	7,952	828	260	19,674	25,234	8,039	19,099	50,318	46,302	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	18,752	8,456	2,282	3,165	16,675	49,539	33,644	26,883	43,531	114,072	124,245	170,344	42,998	54,007	70,576
Group/Directors Accounts	21,236	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	56,724	86,199	0
hp & lease commitments	0	0	0	0	0	0	0	972	2,916	0	0	0	0	0	0
other current liabilities	32,866	22,575	22,779	18,406	13,214	21,514	10,730	16,964	13,279	0	0	0	0	0	0
total current liabilities	80,806	31,859	25,321	41,245	55,123	79,092	63,473	95,137	106,028	114,072	124,245	170,344	99,722	140,206	70,576
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	972	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	4,429	0	0	0	0	0
provisions	385	444	583	664	898	768	861	1,160	1,515	2,038	768	926	1,145	1,619	0
total long term liabilities	385	444	583	664	898	768	861	1,160	2,487	6,467	768	926	1,145	1,619	0
total liabilities	81,191	32,303	25,904	41,909	56,021	79,860	64,334	96,297	108,515	120,539	125,013	171,270	100,867	141,825	70,576
net assets	27,349	27,910	43,875	29,246	36,847	31,821	10,583	10,364	28,046	31,093	32,833	1,463	3,781	728	8,870
total shareholders funds	27,349	27,910	43,875	29,246	36,847	31,821	10,583	10,364	28,046	31,093	32,833	1,463	3,781	728	8,870

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-142	-15,951	18,670	-6,237	7,316	27,125	2,520	-14,666	-1,552	-1,753	5,654	-482	8,763	-5,350	12,175
Depreciation	585	845	1,023	1,362	1,550	1,596	1,814	2,405	2,972	3,940	1,940	2,346	2,888	3,771	2,574
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-3,431	0	-1,179	-4,982	-51	0	0	0	-1,303	0	-1,073	0	-3,411
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	49,082	-9,445	8,497	-28,451	-19,300	36,958	-29,615	-27,891	-11,601	-11,181	-15,143	69,941	-35,104	60,099	68,737
Creditors	10,296	6,174	-883	-13,510	-32,864	15,895	6,761	-16,648	-70,541	-10,173	-46,099	127,346	-11,009	-16,569	70,576
Accruals and Deferred Income	10,291	-204	4,373	5,192	-8,300	10,784	-6,234	3,685	13,279	0	0	0	0	0	0
Deferred Taxes & Provisions	-59	-139	-81	-234	130	-93	-299	-355	-523	1,270	-158	-219	-474	1,619	0
Cash flow from operations	-28,111	170	11,174	15,024	-14,047	13,367	34,126	2,312	-44,764	4,465	-24,823	59,050	34,199	-76,628	13,177
Investing Activities
capital expenditure	-1	-116	0	0	-2,074	-1,202	295	-646	0	-9,855	-619	-580	0	-7,529	-11,039
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1	-116	0	0	-2,074	-1,202	295	-646	0	-9,855	-619	-580	0	-7,529	-11,039
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	21,236	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	-56,724	-29,475	86,199	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	-972	-2,916	3,888	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	-4,429	4,429	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	27,008	0	0	0	100
interest	-419	-15	-610	-1,364	-1,111	-905	-2,249	-3,015	-1,496	13	11	-1,836	-4,637	-2,792	6
cash flow from financing	20,817	-15	-610	-1,364	-1,111	-905	-3,221	-5,931	-2,037	4,442	27,019	-58,560	-34,112	83,407	106
cash and cash equivalents
cash	-171	608	-8,850	8,100	-37	200	-20	-250	-498	-948	1,577	-90	87	-750	2,244
overdraft	7,124	568	-19,414	-5,560	17,195	-11,060	-31,219	4,016	46,302	0	0	0	0	0	0
change in cash	-7,295	40	10,564	13,660	-17,232	11,260	31,199	-4,266	-46,800	-948	1,577	-90	87	-750	2,244

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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XPRESS RECRUITMENT LIMITED group structure

Xpress Recruitment Limited has no subsidiary companies.

Ultimate parent company

XPRESS RECRUITMENT LIMITED

SC244891

XPRESS RECRUITMENT LIMITED Shareholders

paul james wilson

100%

Xpress Recruitment Limited currently has 2 directors. The longest serving directors include Mr Richard Ward (Apr 2024) and Mr Martin Kumar (Apr 2024).

officer	country	age	start	end	role
Mr Richard Ward	England	57 years	Apr 2024	-	Director
Mr Martin Kumar	England	45 years	Apr 2024	-	Director

P&L

December 2023

turnover

775.4k

+59%

operating profit

-142.5

gross margin

26%

-3.58%

turnover

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

Balance Sheet

December 2023

net assets

27.3k

-0.02%

total assets

108.5k

+0.8%

cash

1.2k

-0.12%

net assets

Total assets minus all liabilities

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company number

SC244891

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

March 2003

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

gyleworks, 34 south gyle crescent, edinburgh, EH12 9EB

last accounts submitted

December 2023

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

xpress recruitment limited Company Information

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xpress recruitment limited Estimated Valuation

xpress recruitment limited Estimated Valuation

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