RECRUITMENT ACQUISITIONS GROUP LIMITED
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Cash
£75K
-67.8% vs 2024
Net assets
£209K
-54.6% vs 2024
Employees
42
-16% vs 2024
Profit before tax
-£143K
+56.2% vs 2024
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-05-31
| Metric | Trend | 2024-05-31 | 2025-05-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £23,698,155 | £25,768,723 | +8.7% | |
| Operating profit | £37,988 | £238,807 | +528.6% | |
| Profit before tax | -£326,475 | -£143,053 | +56.2% | |
| Net profit | -£327,051 | -£250,498 | +23.4% | |
| Cash | £231,927 | £74,787 | -67.8% | |
| Total assets less current liabilities | £746,409 | £208,593 | -72.1% | |
| Net assets | £459,091 | £208,593 | -54.6% | |
| Equity | £459,091 | £208,593 | -54.6% | |
| Average employees | 50 | 42 | -16% | |
| Wages | £20,240,733 | £21,796,611 | +7.7% | |
| Directors' remuneration | £228,215 | £164,167 | -28.1% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-05-31 | 2025-05-31 |
|---|---|---|---|
| Operating margin | 0.2% | 0.9% | |
| Net margin | -1.4% | -1.0% | |
| Return on capital employed | 5.1% | 114.5% | |
| Gearing (liabilities / total assets) | 94.4% | 96.6% | |
| Current ratio | 0.62x | 0.53x | |
| Interest cover | 0.10x | 0.63x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Venture House Business Service Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors believe that the business has sufficient prospect of trade and adequate resources to meet its liabilities for a period of no less than twelve months from the approval of these account, therefore the financial statements have been prepared on a going concern basis.”
Group structure
- RECRUITMENT ACQUISITIONS GROUP LIMITED · parent
- Travis Hughes Limited 100%
- C&H Agency Limited 100%
- Skills Direct Limited 100%
Significant events
- “Loss of a major contract due to a strategic reduction in agency partnerships by a key client.”
- “April 2025 brought additional challenges as our operations and those of our clients were affected by increases in Employers National Insurance and National Living Wage.”
- “Implemented a shared service model to enable overheads and costs associated with back-office functions to be apportioned and charged appropriately to each of the trading entities within the group.”
- “The shares in Priory Personnel Limited and C&D Group Limited were sold during the year.”
- “It is the intention of the directors that a further debt for equity swap will take place in respect of long term debt of £625,000. It is hoped that this will take place before 31 May 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DRAKE, Julian Richard Charles | Director | 2018-12-11 | Jun 1972 | British |
| ROSE, Samantha Alice | Director | 2024-04-03 | Mar 1974 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| OAKFORD, Clare | Secretary | 2019-04-07 | 2022-11-30 |
| NOROSE COMPANY SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2018-12-11 | 2018-12-11 |
| GARRETT, Helen Joan | Director | 2023-05-15 | 2024-04-03 |
| MOORE, Christopher John | Director | 2020-10-16 | 2023-05-15 |
| OAKFORD, Clare | Director | 2020-01-16 | 2022-11-30 |
| WESTON, Clive | Director | 2018-12-11 | 2018-12-11 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Boston Group Newco Limited | Corporate entity | Significant influence, Significant influence (as firm) | 2023-05-31 | Active |
| Mr Meredith Graham Sykes | Individual | Significant influence (as trust) | 2021-05-10 | Ceased 2024-06-01 |
| Mr William Charles Laughlin | Individual | Significant influence (as trust) | 2021-04-01 | Ceased 2023-05-31 |
| Mr Francis Henry Perry | Individual | Significant influence (as trust) | 2021-04-01 | Ceased 2023-05-31 |
| Fedelta Trustees (Iom) Limited | Corporate entity | Shares 75–100% (as firm), Voting 75–100% (as firm), Appoints directors (as firm) | 2018-12-14 | Ceased 2022-05-27 |
| Norose Company Secretarial Services Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-12-11 | Ceased 2018-12-11 |
Filing timeline
Last 20 of 57 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-03 | AAMD | accounts | Accounts amended with accounts type group | |
| 2026-02-26 | AA | accounts | Accounts with accounts type group | |
| 2026-02-20 | SH01 | capital | Capital allotment shares | |
| 2025-12-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-19 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-08-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-08-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-07 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-05-07 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-05-07 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-02-27 | AA | accounts | Accounts with accounts type group | |
| 2024-12-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-08 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-04-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-21 | AA | accounts | Accounts with accounts type group | |
| 2024-01-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-12-27 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2023-07-24 | SH08 | capital | Capital name of class of shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 1
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.