Pure Recruitment Group Limited
Registered name: PURE RECRUITMENT GROUP LIMITED
Part of Kernel Equityco Limited groupPure Recruitment Group Limited made £11.7m revenue and £571k profit in the year to 31 Dec 2023.
Pure Recruitment Group Limited’s revenue fell 17% to £11.7m in the year to 31 Dec 2023, with £571k profit and 50 employees. The company is classified under “temporary employment agency activities” and is based in London; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 27 yrs · since 1999
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “Granite Bidco Limited”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £14.1m | £11.7m |
| Cost of sales | £5.2m | £4.9m |
| Gross profit | £8.9m | £6.8m |
| Operating profit | £49.9k | £561k |
| Profit before tax | £54.6k | £555k |
| Profit after tax | −£66.9k | £571k |
| Profit (best available) | −£66.9k | £571k |
| Staff costs | £6.1m | £4.1m |
| Employees (average) | 58 | 50 |
| Ratios | ||
| Profit margin | −0.5% | 4.9% |
| Gross margin | 63% | 58.4% |
| Revenue per employee | £243k | £234k |
| Profit per employee | −£1.2k | £11.4k |
| Growth (year on year) | ||
| Revenue growth | — | ▼17.1% |
| Headcount growth | — | ▼13.8% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £2.6m | £2.5m |
| Net assets | £3.3m | £4m |
| Fixed assets | £826k | £814k |
| Current assets | £12.5m | £11.5m |
| Debtors | £2.8m | £1.9m |
| Deferred income | £1.2m | £561k |
| Source | Accounts · bulk data Sep 2024 | Accounts · bulk data Sep 2024 |
How the business works
- Profit margin
- 4.9%
- Profit ÷ revenue.
- Gross margin
- 58.4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £234k
- Revenue ÷ average employees.
- Profit per employee
- £11.4k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 7%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 4.8%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 16.4%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▲19%
- Now £4m
- Cash at bank
- ▼5%
- Now £2.5m
- Headcount
- ▼14%
- Now 50
- Deferred income
- ▼55%
- Now £561k
- Fixed assets
- ▼2%
- Now £814k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Kernel Equityco Limitedultimate parent75–100%
- Kernel Bidco Limited75–100%
- Kernel Limited75–100%
- Granite Midco Limited75–100%
- Granite Bidco Limited75–100%
- Pure Recruitment Group Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (4)
- Dartmouth Partners LtdRev. £22.3m · Profit £5.6m
- Catalyst Partners Global LimitedRev. £2.3m · Profit £153k
- Luminate Partners LimitedFigures not disclosed
- Yale Consulting Group LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2023 (profit £571k), from the Companies House accounts bulk data published Sep 2024. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.