ABACO RECRUITMENT LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

Consolidated group

Auditor

Independent Auditors LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or the parent 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.”

Group structure

1. ABACO RECRUITMENT LIMITED · parent
   1. Tradewind Recruitment Limited 100%
   2. Sanza Teaching Agency Limited 100%
   3. Accelerate Teaching Limited 100%
   4. Tradewind Recruitment Inc. 100%

Significant events

• “This financial year ended 31 August 2024 has been a very successful year for the group. The whole group has achieved considerable growth, resulting in the group's turnover increasing from £88.4m in 2023 to £103.7m in 2024, whilst profit before tax increased by 12.07% to £11.3m.”
• “The directors are very pleased with the how the business has continued to grow in 2024 and they fully expect the strong results to continue into 2025 and beyond.”
• “The group has continued to invest in key areas of infrastructure during the past year, especially its employees and office space.”
• “During the year, the company acquired 100% shareholdings on incorporation in Tradewind Recruitment Inc.”

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

Filings

7

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

  +17.4%

  £88,378,330 → £103,735,534

• Cash

  -66.6%

  £6,440,700 → £2,152,131

• Net assets

  -17.2%

  £6,578,438 → £5,449,551

• Employees

  +14.5%

  4,238 → 4,851

• Operating profit

  +12.2%

  £10,091,472 → £11,325,938

• Profit before tax

  +12.1%

  £10,113,577 → £11,333,799

• Wages

  +19.1%

  £64,450,462 → £76,779,623

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