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New Recruits Professional Services Limited

07055014

active
Private Limited Company
Companies House
Health Score
81 / 100

Healthy

25/30
Filing
20/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

11 CHURCH LANE, BANBURY, OX16 5LR
Incorporated 23/10/2009

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

78200
Temporary employment agency activities

Officers

Mr Stephen David Mccarthy

director · Since 05/02/2013

NONE

BRITISH · ENGLAND · Age 52

Also on 8 other boards

Persons with Significant Control

Mr Stephen David Mccarthy

25–50% shares

British · England · Age 52

11, Church Lane, Banbury, OX16 5LR

Notified 06/04/2016

Mrs Maureen Josephine Mccarthy

25–50% shares

British · England · Age 51

11, Church Lane, Banbury, OX16 5LR

Notified 06/04/2016

Charges2 outstanding

Charge
outstanding

RBS INVOICE FINANCE LTD

Created 10/07/2024Registered 25/07/2024
Charge
outstanding

BARCLAYS BANK PLC

Created 08/02/2019Registered 12/02/2019
Charge
satisfied

LLOYDS BANK COMMERCIAL FINANCE LIMITED

Created 12/04/2016Registered 26/04/2016Satisfied 19/08/2017
Charge
satisfied

BIBBY FINANCIAL SERVICES LTD (AS SECURITY TRUSTEE)

Created 31/07/2014Registered 02/08/2014Satisfied 11/05/2019
charge
satisfied

LLOYDS TSB COMMERCIAL FINANCE LIMITED

Created 22/11/2011Registered 10/12/2011Satisfied 19/08/2017

CompanyRankvs 795+ SIC 78200 peers
60

Financial strength93th percentile among SIC peers · 23/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.1× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength23/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity12/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the director with respect to going con

Key FinancialsYear ending 31/10/2024

Turnover

£10.7M

Annual revenue

Net Worth

£262k

Balance sheet strength

Cash

£516k

Cash in the bank

Profit Before Tax

£510k

Bottom line earnings

Net Current Assets

£266k

Working capital

Current Assets

£2.9M

Current Liabilities

£2.6M

Fixed Assets

£59k

Debtors

£2.4M

Cost of Sales

£9.1M

Gross Profit

£1.7M

Admin Expenses

£1.1M

Operating Profit

£547k

Profit After Tax

£372k

427avg. employees-62

Tax at Year End

Corp tax£208k
Dividends paid£320k

Director Loans

Company owes directors£284

People Costs

Wages & salaries£8.9M
NI contributions£699k

Balance Sheet

Assets less current liabilities£325k
Prepared with Sage Accounts Production Advanced 2024 - FRS102_2024

EstimatesDerived

YearCurrent RatioImplied Profit
20241.10+£216k
20231.02-£559k
20221.30-£327k
20191.51

Derived from filed accounts. Not audited figures.