MANPOWER UK LIMITED

1. MANPOWER UK LIMITED 1999-12-17 → present
2. VALLEYGREEN LIMITED 1999-09-15 → 1999-12-17

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After making enquiries, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”

Significant events

• “During 2024 the Company's annual turnover decreased by 21.1% from £391,716,000 to £309,067,000 (2023 decrease 12.0%).”
• “As a result of continuing competitive pressures and a change in the mix of revenue streams, the overall gross margin decreased from 3.32% to 2.21%.”
• “The Company's operating loss excluding intra-group royalty charges and intra-group management charges (see note 3) amounted to £1,653,000 (2023 - £2,133,000 profit).”
• “the Company's loss after taxation was £2,828,000 as gross margins decreased (2023 - £709,000 profit).”
• “During 2024, the Company's cash position decreased from a balance of £52,162,000 to £28,218,000 primarily as a result of cash paid to other group companies.”
• “the Company's financial position at the year end has, in net assets terms, decreased by 5.3% due to the impact of losses in the year (2023 - decrease 0.2%).”
• “During 2024, demand in the recruitment market has continued to fall as a result of worsening economic conditions and the uncertainty of changes of governments in the UK and USA, plus continued global uncertainty caused by conflicts in multiple regions.”
• “In June 2023, the High Court judged that amendments made to the Virgin Media scheme were invalid because the necessary S37 certification associated to these historic amendments was not prepared or documented appropriately. The case was subsequently reviewed by the Court of Appeal in July 2024 which upheld the High Court's decision.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -21.1%

  £391,716,000 → £309,067,000

• Cash

  -45.9%

  £52,162,000 → £28,218,000

• Net assets

  -5.3%

  £64,050,000 → £60,637,000

• Employees

  -28.2%

  9,923 → 7,125

• Operating profit

  -124%

  -£2,465,000 → -£5,522,000

• Profit before tax

  -423.5%

  £865,000 → -£2,798,000

• Wages

  -27%

  £207,000,000 → £151,053,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers