UNDERSTANDING RECRUITMENT LTD

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

• Turnover

  -21.6%

  £16,844,468 → £13,211,102

• Cash

  +3.8%

  £1,138,534 → £1,181,613

• Net assets

  -66.6%

  £1,484,356 → £495,585

  lowest in 5 filed years

• Employees

  -11.8%

  93 → 82

• Operating profit

  +16.9%

  -£1,004,360 → -£834,387

• Profit before tax

  +18.3%

  -£1,043,786 → -£853,191

• Wages

  -8%

  £6,160,235 → £5,665,045

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

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

Saffery LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors consider that Understanding Recruitment Limited remains a going concern for the consideration and approval of the financial statements. Despite economic challenges in 2023 and 2024, the group has maintained a strong cash position, improved debtor days, and secured enhanced invoice financing through Cynergy Bank. ... On the basis of the above assessment the going concern assumption is considered appropriate.”

Group structure

1. UNDERSTANDING RECRUITMENT LTD · parent
   1. Understanding Recruitment Inc 0.8% · Boston, MA

Significant events

• “The decision was made in 2022 to setup an Employee Ownership Trust ('The EOT'), for the benefit of all qualifying employees. The EOT was officially completed and launched to the wider group in the January of 2023.”
• “economic challenges of 2023 / 2024 materially impacted the group, specifically the UK.”
• “In the prior year due to the setup of the Employee Ownership Trust, the share options vested early and all remaining share options brought forward were exercised during the year.”
• “During the year ended 31 December 2024, 3 employees were granted share options of £0.01 each in the capital of the Company”

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.