Pomanda estimates the enterprise value of FIRST TASK RECRUITMENT LIMITED at £527.2k based on a Turnover of £4.8m and 0.11x industry multiple (adjusted for size and gross margin).
first task recruitment limitedEstimated Valuation
£769.9k
Pomanda estimates the enterprise value of FIRST TASK RECRUITMENT LIMITED at £769.9k based on an EBITDA of £322.3k and a 2.39x industry multiple (adjusted for size and gross margin).
first task recruitment limitedEstimated Valuation
£981.4k
Pomanda estimates the enterprise value of FIRST TASK RECRUITMENT LIMITED at £981.4k based on Net Assets of £832.4k and 1.18x industry multiple (adjusted for liquidity).
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First Task Recruitment LimitedOverview
First Task Recruitment Limited is a live company located in rosyth, KY11 2QQ with a Companies House number of SC517856. It operates in the other activities of employment placement agencies sector, SIC Code 78109. Founded in October 2015, it's largest shareholder is
ronald napier
with a 45% stake. First Task Recruitment Limited is a established,
small sized company, Pomanda has estimated its turnover at
£4.8m with
declining
growth in recent years.
Pomanda's financial health check has awarded First Task Recruitment Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating4out of 5
4 Strong
1 Regular
6 Weak
Size
annual sales of £4.8m, make it smaller than the average company (£7.5m)
£4.8m - First Task Recruitment Limited
£7.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (5.1%)
0% - First Task Recruitment Limited
5.1% - Industry AVG
Production
with a gross margin of 13.7%, this company has a higher cost of product (25.2%)
13.7% - First Task Recruitment Limited
25.2% - Industry AVG
Profitability
an operating margin of 6.7% make it more profitable than the average company (4.5%)
6.7% - First Task Recruitment Limited
4.5% - Industry AVG
Employees
with 8 employees, this is below the industry average (38)
8 - First Task Recruitment Limited
38 - Industry AVG
Pay Structure
on an average salary of £51.5k, the company has an equivalent pay structure (£51.5k)
£51.5k - First Task Recruitment Limited
£51.5k - Industry AVG
Efficiency
resulting in sales per employee of £594.5k, this is more efficient (£170.5k)
£594.5k - First Task Recruitment Limited
£170.5k - Industry AVG
Debtor Days
it gets paid by customers after 105 days, this is later than average (45 days)
105 days - First Task Recruitment Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 25 days, this is slower than average (9 days)
25 days - First Task Recruitment Limited
9 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - First Task Recruitment Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 10 weeks, this is less cash available to meet short term requirements (14 weeks)
10 weeks - First Task Recruitment Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 44.1%, this is a lower level of debt than the average (66.6%)
44.1% - First Task Recruitment Limited
66.6% - Industry AVG
FIRST TASK RECRUITMENT LIMITED financials
EXPORT
First Task Recruitment Limited's latest turnover from October 2023 is estimated at £4.8 million and the company has net assets of £832.4 thousand. According to their latest financial statements, First Task Recruitment Limited has 8 employees and maintains cash reserves of £113 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Oct 2023
Oct 2022
Oct 2021
Oct 2020
Oct 2019
Oct 2018
Oct 2017
Oct 2016
Turnover
4,756,229
5,780,361
4,520,687
4,827,277
4,696,271
4,115,419
183,366
637,372
Other Income Or Grants
Cost Of Sales
4,103,313
4,983,339
3,960,303
4,174,072
4,080,774
3,581,018
158,604
546,835
Gross Profit
652,915
797,022
560,384
653,205
615,497
534,402
24,762
90,537
Admin Expenses
332,218
443,401
289,223
630,604
627,100
417,767
-4,687
81,405
Operating Profit
320,697
353,621
271,161
22,601
-11,603
116,635
29,449
9,132
Interest Payable
40,367
26,487
Interest Receivable
3,302
1,545
85
45
539
688
199
94
Pre-Tax Profit
283,632
328,679
271,246
22,646
-11,064
117,323
29,648
9,226
Tax
-70,908
-62,449
-51,537
-4,303
-22,291
-5,633
-1,845
Profit After Tax
212,724
266,230
219,709
18,343
-11,064
95,032
24,015
7,381
Dividends Paid
Retained Profit
212,724
266,230
219,709
18,343
-11,064
95,032
24,015
7,381
Employee Costs
412,352
340,065
212,188
296,832
306,529
255,447
124,623
82,756
Number Of Employees
8
7
5
7
7
6
3
2
EBITDA*
322,317
353,621
271,851
23,291
-10,973
117,420
29,552
9,132
* Earnings Before Interest, Tax, Depreciation and Amortisation
Oct 2023
Oct 2022
Oct 2021
Oct 2020
Oct 2019
Oct 2018
Oct 2017
Oct 2016
Tangible Assets
5,345
4,068
3,906
3,242
3,814
4,444
580
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
5,345
4,068
3,906
3,242
3,814
4,444
580
Stock & work in progress
Trade Debtors
1,371,220
1,903,139
1,396,427
914,697
927,692
873,570
48,679
Group Debtors
Misc Debtors
23,492
Cash
112,971
12,814
124,489
44,901
44,858
99,006
84,468
75,107
misc current assets
total current assets
1,484,191
1,915,953
1,544,408
959,598
972,550
972,576
133,147
75,107
total assets
1,489,536
1,920,021
1,548,314
962,840
976,364
977,020
133,727
75,107
Bank overdraft
75,525
642,103
Bank loan
Trade Creditors
291,377
328,683
221,466
829,131
860,998
850,590
4,349
67,724
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
180,015
171,420
833,666
97,980
total current liabilities
546,917
1,142,206
1,055,132
829,131
860,998
850,590
102,329
67,724
loans
hp & lease commitments
Accruals and Deferred Income
110,247
158,167
139,764
other liabilities
provisions
total long term liabilities
110,247
158,167
139,764
total liabilities
657,164
1,300,373
1,194,896
829,131
860,998
850,590
102,329
67,724
net assets
832,372
619,648
353,418
133,709
115,366
126,430
31,398
7,383
total shareholders funds
832,372
619,648
353,418
133,709
115,366
126,430
31,398
7,383
Oct 2023
Oct 2022
Oct 2021
Oct 2020
Oct 2019
Oct 2018
Oct 2017
Oct 2016
Operating Activities
Operating Profit
320,697
353,621
271,161
22,601
-11,603
116,635
29,449
9,132
Depreciation
1,620
690
690
630
785
103
Amortisation
Tax
-70,908
-62,449
-51,537
-4,303
-22,291
-5,633
-1,845
Stock
Debtors
-531,919
483,220
505,222
-12,995
54,122
824,891
48,679
Creditors
-37,306
107,217
-607,665
-31,867
10,408
846,241
-63,375
67,724
Accruals and Deferred Income
-39,325
-643,843
973,430
-97,980
97,980
Deferred Taxes & Provisions
Cash flow from operations
706,697
-728,674
80,857
116
-54,687
18,499
9,845
75,011
Investing Activities
capital expenditure
-2,897
-162
-1,354
-118
-4,649
-683
Change in Investments
cash flow from investments
-2,897
-162
-1,354
-118
-4,649
-683
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
2
interest
-37,065
-24,942
85
45
539
688
199
94
cash flow from financing
-37,065
-24,942
85
45
539
688
199
96
cash and cash equivalents
cash
100,157
-111,675
79,588
43
-54,148
14,538
9,361
75,107
overdraft
-566,578
642,103
change in cash
666,735
-753,778
79,588
43
-54,148
14,538
9,361
75,107
first task recruitment limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for first task recruitment limited. Get real-time insights into first task recruitment limited's credit score, group structure and payment trends.
First Task Recruitment Limited Competitor Analysis
Perform a competitor analysis for first task recruitment limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in KY11 area or any other competitors across 12 key performance metrics.
first task recruitment limited Ownership
FIRST TASK RECRUITMENT LIMITED group structure
First Task Recruitment Limited has no subsidiary companies.
Ultimate parent company
FIRST TASK RECRUITMENT LIMITED
SC517856
FIRST TASK RECRUITMENT LIMITED Shareholders
The largest shareholders in First Task Recruitment Limited include Ronald Napier and Neil Greenhill.
ronald napier
45%
neil greenhill
30%
leanne napier
20%
andrew birrell
5%
first task recruitment limited directors
First Task Recruitment Limited currently has 3 directors.
The longest serving directors include
Mr Ronald Napier (Oct 2015) and
Mr Neil Greenhill (Nov 2021).
78109 - Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
incorporation date
October 2015
age
10
incorporated
UK
ultimate parent company
None
accounts
Unaudited Abridged
last accounts submitted
October 2023
previous names
N/A
accountant
-
auditor
-
address
24 fairykirk road, rosyth, KY11 2QQ
Bank
-
Legal Advisor
-
first task 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 3 charges/mortgages relating to first task recruitment limited. Currently there are 1 open charges and 2 have been satisfied in the past.
first task 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.
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first task recruitment limitedCompanies House Filings - See Documents
