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Source Recruitment Group Limited

09360372

active
ltd
england wales
Companies House
Health Score
88 / 100

Healthy

30/30
Filing
20/30
Financial
38/40
Risk
  • 1 outstanding charge (-2)

Details

1 Langley Drive, Derby, DE22 4PQ
Incorporated 18/12/2014

Previously known as

Just Rec Limited · until 23/11/2022

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 10/12/2025

Due 24/12/2026

On track

Industry

78109
Other activities of employment placement agencies

Officers

Mr Wayne David Smith

secretary · Since 18/12/2014

Also on 4 other boards

Mr Wayne David Smith

director · Since 18/12/2014

DIRECTOR

BRITISH · ENGLAND · Age 40

Also on 4 other boards

Mr Stephen James Sweeney

director · Since 02/03/2016

DIRECTOR

BRITISH · UNITED KINGDOM · Age 50

Also on 2 other boards

Mr Michael Ryall

director · Since 28/04/2022

CHIEF OPERATING OFFICER

BRITISH · ENGLAND · Age 57

Also on 1 other board

Wayne David Smith

secretary · Since 18/12/2014

Wayne David Smith

director · Since 18/12/2014

British · England · Age 40

Stephen James Sweeney

director · Since 02/03/2016

British · United Kingdom · Age 50

Michael Ryall

director · Since 28/04/2022

British · England · Age 57

Persons with Significant Control

Ryall Holdings Ltd

25–50% shares
25–50% votes

C/O Pkf Smith Cooper, Prospect House, Derby, DE24 8HG

Reg: 16090132 · Companies House · Company Limited By Shares

Notified 29/11/2024

Meei Holdings Ltd

25–50% shares
25–50% votes

Prospect House, 1 Prospect Pl, Derby, DE24 8HG

Reg: 16088041 · Companies House · Company Limited By Shares

Notified 29/11/2024

Smith & Loadman Holdings Ltd

25–50% shares
25–50% votes

1, Langley Drive, Derby, DE22 4PQ

Reg: 16086991 · Companies House · Company Limited By Shares

Notified 29/11/2024

Former PSCs

Mr Wayne David Smith

Ceased 29/11/2024

Mr Stephen James Sweeney

Ceased 29/11/2024

Mr Mike Ryall

Ceased 29/11/2024

Charges1 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 06/02/2025Registered 11/02/2025

Change History

statusactive
2026-06-14

Active

typeltd
2026-06-14

Private Limited Company

address line11 Langley Drive
2026-06-14

1 LANGLEY DRIVE

post townDerby
2026-06-14

DERBY

officer appointedSMITH, Wayne David
2026-06-14
officer appointedRYALL, Michael
2026-06-14
officer appointedSMITH, Wayne David
2026-06-14
officer appointedSWEENEY, Stephen James
2026-06-14

CompanyRankvs 2571+ SIC 78109 peers
69

Financial strength92th percentile among SIC peers · 23/25
Employees89th percentile among SIC peers · 13/15
LiquidityCurrent ratio 1.92× · 16/20
Longevity12 years trading (max 15) · 12/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
Show leaderboard
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.

Employees13/15 pts

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

Liquidity16/20 pts

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

Longevity12/15 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/12/2024

Net Worth

£269k

Balance sheet strength

Cash

£415k

Cash in the bank

Net Current Assets

£281k

Working capital

Current Assets

£586k

Current Liabilities

£305k

Fixed Assets

£105k

Debtors

£171k

8avg. employees

Tax at Year End

Corp tax£56k

Balance Sheet

Assets less current liabilities£386k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20241.92-£357k
20234.16+£132k
20222.86+£459k
20211.75
20201.50
20190.98
20181.22

Derived from filed accounts. Not audited figures.