National Locums Ltd
Registered name: NATIONAL LOCUMS LTD
Part of Cook Recruitment Group Ltd groupNational Locums Ltd made £35.2m revenue and £3.8k profit in the year to 28 Feb 2025.
National Locums Ltd’s revenue fell 20% to £35.2m in the year to 28 Feb 2025, with £3.8k profit and 99 employees. The company is classified under “temporary employment agency activities” and is based in Milton Keynes; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Milton Keynes, South East
- Age
- 17 yrs · since 2009
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 28 Feb 2022 | 28 Feb 2023 | 29 Feb 2024 | 28 Feb 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £23.2m | £34.7m | £44.2m | £35.2m |
| Cost of sales | £18.2m | £26.7m | £35.2m | £28.7m |
| Gross profit | £5m | £8m | £9m | £6.5m |
| Operating profit | £118k | £1.8m | £1.5m | £74.9k |
| Profit before tax | £117k | £1.8m | £1.5m | £53.9k |
| Profit after tax | £98.7k | £1.4m | £1.1m | £3.8k |
| Profit (best available) | £98.7k | £1.4m | £1.1m | £3.8k |
| Staff costs | £4.3m | £5.7m | £6.5m | £5.7m |
| Employees (average) | 71 | 100 | 112 | 99 |
| Ratios | ||||
| Profit margin | 0.4% | 4.2% | 2.5% | 0% |
| Gross margin | 21.7% | 22.9% | 20.4% | 18.4% |
| Revenue per employee | £327k | £347k | £395k | £355k |
| Profit per employee | £1.4k | £14.5k | £9.9k | £39 |
| Growth (year on year) | ||||
| Revenue growth | — | ▲49.4% | ▲27.6% | ▼20.4% |
| Profit growth | — | ▲1365% | ▼23.2% | ▼99.7% |
| Headcount growth | — | ▲40.8% | ▲12% | ▼11.6% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £148k | £312k | £305k | £189k |
| Net assets | £498k | £1.3m | £1.5m | £1.5m |
| Fixed assets | £90.2k | £86k | £57.3k | £44.4k |
| Current assets | £6.1m | £11.5m | £11.1m | £8.4m |
| Debtors | £3.7m | £6.8m | £4.6m | £3.3m |
| Deferred income | £201k | £202k | £364k | £130k |
| Source | Accounts · bulk data Nov 2023 | Accounts · bulk data Nov 2023 | FullAccounts · bulk data Nov 2024 | FullAccounts · bulk data Nov 2025 |
How the business works
- Profit margin
- 0%
- Profit ÷ revenue.
- Gross margin
- 18.4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £355k
- Revenue ÷ average employees.
- Profit per employee
- £39
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.1%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0.4%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 9.3%
- 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
- ▲0%
- Now £1.5m
- Cash at bank
- ▼38%
- Now £189k
- Headcount
- ▼12%
- Now 99
- Deferred income
- ▼64%
- Now £130k
- Fixed assets
- ▼23%
- Now £44.4k
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
- Cook Recruitment Group Ltdultimate parent75–100%
- National Locums Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (2)
- Locum People LtdRev. £24.1m · Profit £16.9k
- Medi Team Recruitment LtdRev. £17.3m · Profit −£13.3k
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 28 Feb 2025 (profit £3.8k), from the Companies House accounts bulk data published Nov 2025. 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.