Smart Solutions (Recruitment) Limited
Registered name: SMART SOLUTIONS (RECRUITMENT) LIMITED
Smart Solutions (Recruitment) Limited made £97.3m revenue and £2m profit in the year to 31 Oct 2025.
Smart Solutions (Recruitment) Limited’s revenue fell 11% to £97.3m in the year to 31 Oct 2025, with £2m profit and 104 employees. The company is classified under “temporary employment agency activities” and is based in Cardiff; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Cardiff, Wales
- Age
- 18 yrs · since 2007
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Oct 2022 | 31 Oct 2023 | 31 Oct 2024 | 31 Oct 2025 |
|---|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £104m | £101m | £109m | £97.3m |
| Cost of sales | £90.6m | £87.1m | £94.7m | £82.4m |
| Gross profit | £13.8m | £13.8m | £14.8m | £14.9m |
| Operating profit | £243k | £725k | £1.2m | £2.6m |
| Profit before tax | £214k | £801k | £1.1m | £2.6m |
| Profit after tax | £85.7k | £628k | £873k | £2m |
| Profit (best available) | £85.7k | £628k | £873k | £2m |
| Staff costs | — | £7.9m | £8.2m | £4.6m |
| Employees (average) | 198 | 183 | 178 | 104 |
| Ratios | ||||
| Profit margin | 0.1% | 0.6% | 0.8% | 2.1% |
| Gross margin | 13.2% | 13.7% | 13.5% | 15.3% |
| Revenue per employee | £527k | £552k | £615k | £935k |
| Profit per employee | £433 | £3.4k | £4.9k | £19.4k |
| Growth (year on year) | ||||
| Revenue growth | — | ▼3.3% | ▲8.5% | ▼11.2% |
| Profit growth | — | ▲632.9% | ▲39% | ▲130.9% |
| Headcount growth | — | ▼7.6% | ▼2.7% | ▼41.6% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £45.5k | £184k | £486k | £81.8k |
| Net assets | £451k | £1m | £1.9m | £3.9m |
| Fixed assets | £840k | £600k | £514k | £511k |
| Current assets | £19.8m | £19.6m | £24.3m | £23.1m |
| Debtors | £15.6m | £14.3m | £17.8m | £12.9m |
| Deferred income | £2.3m | £2.3m | £2.8m | £3.9m |
| Source | FullAccounts · bulk data Jul 2024 | FullAccounts · bulk data Jul 2024 | FullAccounts · bulk data Jul 2025 | FullAccounts · bulk data Jul 2026 |
How the business works
- Profit margin
- 2.1%
- Profit ÷ revenue.
- Gross margin
- 15.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £935k
- Revenue ÷ average employees.
- Profit per employee
- £19.4k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.5%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 4%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 13.3%
- 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
- ▲107%
- Now £3.9m
- Cash at bank
- ▼83%
- Now £81.8k
- Headcount
- ▼42%
- Now 104
- Deferred income
- ▲39%
- Now £3.9m
- Fixed assets
- ▼1%
- Now £511k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Subsidiaries (1)
- Smart Vendor Management Solutions LimitedActive - Proposal to Strike offFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Oct 2025 (profit £2m), from the Companies House accounts bulk data published Jul 2026. 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.