The UK Recruitment Co. Ltd
Registered name: THE UK RECRUITMENT CO. LTD
Part of Twenty20 Capital Investments Limited groupThe UK Recruitment Co. Ltd made £192m revenue and £4.6m profit in the year to 31 Mar 2023. read from filing text
The UK Recruitment Co. Ltd’s revenue grew 73% to £192m in the year to 31 Mar 2023, with £4.6m profit and 223 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
- 6 yrs · since 2020
- 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 | 31 Mar 2022 | 31 Mar 2023 |
|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||
| Revenue (turnover) | £111m | £192m |
| Cost of sales | £92.9m | £170m |
| Gross profit | £18.2m | £21.9m |
| Operating profit | £5.5m | £5.7m |
| Profit before tax | £5.4m | £5.6m |
| Profit after tax | £4.9m | £4.6m |
| Profit (best available) | £4.9m | £4.6m |
| Staff costs | £8.7m | £9.7m |
| Employees (average) | 177 | 223 |
| Ratios | ||
| Profit margin | 4.5% | 2.4% |
| Gross margin | 16.4% | 11.4% |
| Revenue per employee | £627k | £861k |
| Profit per employee | £27.9k | £20.4k |
| Growth (year on year) | ||
| Revenue growth | — | ▲72.9% |
| Profit growth | — | ▼7.7% |
| Headcount growth | — | ▲26% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £2.1m | £188k |
| Net assets | £9.9m | £7.4m |
| Fixed assets | £57.7k | £57.7k |
| Current assets | £36.7m | £28.3m |
| Debtors | £29.3m | £24.2m |
| Deferred income | £11.9m | £10.1m |
| Source | FullAccounts · bulk data Nov 2023 | FullAccounts · bulk data Nov 2023 |
How the business works
- Profit margin
- 2.4%
- Profit ÷ revenue.
- Gross margin
- 11.4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £861k
- Revenue ÷ average employees.
- Profit per employee
- £20.4k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 5.3%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 12.6%
- 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
- ▼26%
- Now £7.4m
- Cash at bank
- ▼91%
- Now £188k
- Headcount
- ▲26%
- Now 223
- Deferred income
- ▼15%
- Now £10.1m
- Fixed assets
- ▲0%
- Now £57.7k
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
- Twenty20 Capital Investments Limitedultimate parent75–100%
- T20 Toucan Holdco Limited75–100%
- RSS Global Limited75–100%
- Blue Arrow Holdings Limited75–100%
- The UK Recruitment Co. Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (1)
- Blue Arrow Ltd.Figures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Mar 2023 (profit £4.6m), from the Companies House accounts bulk data published Nov 2023. 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.