How much does Evolve Hospitality Recruitment Ltd make?

Evolve Hospitality Recruitment Ltd reported revenue of £34.7m and a loss of £144k in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does Evolve Hospitality Recruitment Ltd have?

Evolve Hospitality Recruitment Ltd reported an average of 6,609 employees in the year to 31 Mar 2025.

Is Evolve Hospitality Recruitment Ltd profitable?

No — Evolve Hospitality Recruitment Ltd reported a loss of £144k in the year to 31 Mar 2025.

Company No. 08792905 · Incorporated 27 Nov 2013

Evolve Hospitality Recruitment Ltd

Registered name: EVOLVE HOSPITALITY RECRUITMENT LTD

Part of Evolve Hospitality Recruitment Holdings Limited group

Evolve Hospitality Recruitment Ltd made £34.7m revenue and a £144k loss in the year to 31 Mar 2025.

Evolve Hospitality Recruitment Ltd’s revenue fell 8% to £34.7m in the year to 31 Mar 2025, with a loss of £144k and 6,609 employees. The company is classified under “other business support service activities” and is based in Northampton; we hold 4 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.

Status: Active
Location: Northampton, East Midlands
Age: 12 yrs · since 2013
Type: Private Limited Company

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.

Latest accounts · year to 31 Mar 2025

Key figures

Capital-light

Revenue

£34.7m

Growth ▼8.4%

Profit

−£144k

Growth ▼172.2%

Profit margin

−0.4%

Gross 9.1%

Employees

6,609

Change ▲66.8%

Profit / employee

−£22

Revenue/employee £5.3k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023	31 Mar 2024	31 Mar 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£19.3m	£32.5m	£37.9m	£34.7m
Cost of sales	£17.6m	£29.8m	£34.6m	£31.5m
Gross profit	£1.7m	£2.7m	£3.3m	£3.2m
Operating profit	£366k	£308k	—	—
Profit before tax	£364k	£309k	£312k	−£155k
Profit after tax	£306k	£236k	£200k	−£144k
Profit (best available)	£306k	£236k	£200k	−£144k
Staff costs	£17.9m	£29.8m	£35.8m	£32.7m
Employees (average)	3,096	4,132	3,962	6,609
Ratios
Profit margin	1.6%	0.7%	0.5%	−0.4%
Gross margin	8.6%	8.4%	8.7%	9.1%
Revenue per employee	£6.2k	£7.9k	£9.6k	£5.3k
Profit per employee	£99	£57	£50	−£22
Cash conversion	−441.4%	−283.9%	—	—
Growth (year on year)
Revenue growth	—	▲68.5%	▲16.6%	▼8.4%
Profit growth	—	▼22.8%	▼15.4%	▼172.2%
Headcount growth	—	▲33.5%	▼4.1%	▲66.8%
Balance sheet — indirect signals, not revenue
Cash at bank	£574k	£128k	£251k	£33.5k
Net assets	−£578k	−£342k	−£142k	−£286k
Fixed assets	£169k	£202k	£307k	£251k
Current assets	£5.7m	£7.2m	£7.5m	£8.3m
Debtors	£4.4m	£6.5m	£5.7m	£5.6m
Deferred income	£872k	£1.1m	—	—
Cash from operations	−£1.6m	−£875k	£11k	—
Source	FullAccounts · bulk data Mar 2024	FullAccounts · bulk data Mar 2024	FullAccounts · bulk data Mar 2025	FullAccounts · bulk data Mar 2026

Derived from the latest filing

How the business works

Profit margin: −0.4%; Profit ÷ revenue.
Gross margin: 9.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £5.3k; Revenue ÷ average employees.
Profit per employee: −£22; 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: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 16.1%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

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: —; Now −£286k
Cash at bank: ▼87%; Now £33.5k
Headcount: ▲67%; Now 6,609
Deferred income: —; Now —
Fixed assets: ▼18%; Now £251k

Corporate ownership

Group structure

Ownership chain

Evolve Hospitality Recruitment Holdings Limitedultimate parent75–100%
Evolve Hospitality Recruitment Ltdthis company

Bands show the share of ownership each company holds in the one below it.

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2025 (profit −£144k), from the Companies House accounts bulk data published Mar 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.