STAFFLINE RECRUITMENT LIMITED

1. STAFFLINE RECRUITMENT LIMITED 2002-10-02 → present
2. STAFF-LINE RECRUITMENT LIMITED 2000-08-08 → 2002-10-02
3. CASTLEGATE 148 LIMITED 2000-05-18 → 2000-08-08

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 101

Reporting scope

Standalone (parent only)

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As the Company is a cross guarantor of the Group's finance facilities, its ability to continue to operate as a going concern is predicated on the ability of the Group as a whole to operate within the terms of its banking facilities and to adhere to the financial covenants therein. A letter of support from Staffline PLC has been received detailing financial support will be provided for at least 12 months from the signing of these financial statements. In preparing their assessment of the ability of the Group to operate as a going concern, the directors of the Group have assessed the Group's profits and cash flow forecasts against committed facilities and calculated future forecast covenant compliance up to 31 December 2026. The Directors have reviewed this assessment and have concluded that there is a reasonable expectation that the Group and the Company have adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.”

Group structure

1. STAFFLINE RECRUITMENT LIMITED · parent
   1. Driving Plus Limited 100% · England and Wales · Transport
   2. Brightwork Limited 100% · Scotland · Recruitment
   3. Staffline Recruitment (NI) Limited 100% · Northern Ireland · Recruitment
   4. Endeavour Group Limited 100% · England and Wales · Dormant
   5. Vital Recruitment Limited 100% · England and Wales · Dormant
   6. Omega Resource Group Limited 100% · England and Wales · Dormant
   7. Passionate About People Limited 100% · England and Wales · Dormant
   8. Staffline Recruitment (ROI) Limited 100% · Republic of Ireland · Recruitment
   9. Omega Recruitment, Uipessoal LDA 100% · Portugal · Dormant

Significant events

• “Revenue during 2024 increased 19% to £822m (2023: £691m) with gross profit margin decreasing to 5.77% (2023: 6.04%) with an operating profit of £7.2m for the year (2023: £2.3m operating profit).”
• “A major upgrade programme involving replacement of the Company's temporary worker payrolling and financial systems commenced in H2 2024 and is due to be completed in early Q3 2025.”
• “On 14 December 2023, the Group and its lenders agreed to a modification of the existing Receivables Finance Agreement ("RFA"). This new agreement involves two lenders and comprises a £60m Receivables Financing Agreement with a four-year term.”
• “On 12 March 2025, ABN AMRO withdrew from the banking syndicate and were replaced by Leumi UK Group Limited.”

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

  +19%

  £690,950,000 → £822,190,000

• Cash

  -4.9%

  £5,483,000 → £5,217,000

• Net assets

  +10.9%

  -£39,169,000 → -£34,892,000

• Employees

  +12.2%

  26,358 → 29,583

• Operating profit

  +210.2%

  £2,314,000 → £7,178,000

• Profit before tax

  +318.3%

  -£2,400,000 → £5,239,000

• Wages

  +18.2%

  £617,987,000 → £730,278,000

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