Concept Recruitment Group Limited
Registered name: CONCEPT RECRUITMENT GROUP LIMITED
Part of CRG Holdings Ltd groupConcept Recruitment Group Limited made £16.4m revenue and £354k profit in the year to 30 Jun 2024. read from filing text
Concept Recruitment Group Limited’s revenue fell 32% to £16.4m in the year to 30 Jun 2024, with £354k profit and 1,055 employees. The company is classified under “temporary employment agency activities” and is based in Wakefield; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Wakefield, Yorkshire and The Humber
- Age
- 20 yrs · since 2006
- 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: “The company is a wholly owned subsidiary of CRG Holdings Ltd, a company incorporated in Great Britain and registered in England and Wales.”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Jun 2022 | 30 Jun 2023 | 30 Jun 2024 |
|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | |||
| Revenue (turnover) | £32.3m | £24.1m | £16.4m |
| Cost of sales | £29.1m | £21.4m | £14.6m |
| Gross profit | £3.2m | £2.7m | £1.9m |
| Operating profit | £903k | £766k | £548k |
| Profit before tax | £824k | £649k | £459k |
| Profit after tax | £677k | £506k | £354k |
| Profit (best available) | £677k | £506k | £354k |
| Staff costs | £30.6m | £22.9m | £15.6m |
| Employees (average) | 1,930 | 1,531 | 1,055 |
| Ratios | |||
| Profit margin | 2.1% | 2.1% | 2.1% |
| Gross margin | 9.8% | 11.1% | 11.4% |
| Revenue per employee | £16.7k | £15.7k | £15.6k |
| Profit per employee | £351 | £331 | £335 |
| Growth (year on year) | |||
| Revenue growth | — | ▼25.5% | ▼31.6% |
| Profit growth | — | ▼25.2% | ▼30.1% |
| Headcount growth | — | ▼20.7% | ▼31.1% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £23.6k | £11.1k | £8.4k |
| Net assets | £8m | £8.5m | £6.3m |
| Fixed assets | £321k | £230k | £109k |
| Current assets | £10.2m | £11.1m | £7.6m |
| Debtors | £4m | £2.3m | £1.4m |
| Deferred income | £608k | £349k | £182k |
| Source | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2024 |
How the business works
- Profit margin
- 2.1%
- Profit ÷ revenue.
- Gross margin
- 11.4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £15.6k
- Revenue ÷ average employees.
- Profit per employee
- £335
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.7%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 1.1%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 8.7%
- 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
- ▼25%
- Now £6.3m
- Cash at bank
- ▼25%
- Now £8.4k
- Headcount
- ▼31%
- Now 1,055
- Deferred income
- ▼48%
- Now £182k
- Fixed assets
- ▼52%
- Now £109k
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
- CRG Holdings Ltdultimate parent75–100%
- Concept Recruitment Group Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Concept Recruitment Solutions LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 30 Jun 2024 (profit £354k), from the Companies House accounts bulk data published Dec 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.