|
2024
|
2023
|
||
|
Turnover
|
£32.2m
|
£27.6m
|
|
|
Net fee Income
|
£7.295m
|
£6.97m
|
|
|
Gross Profit
|
23%
|
25%
|
|
|
Operating Profit
|
15%
|
12%
|
|
|
Net fees per consultant
|
£159,000
|
£170,000
|
|
|
Average Consultant Headcount
|
46
|
41
|
|
Director
|
|
5 August 2025
|
|
|
|
|
|
Director
|
|
|
|
for and on behalf of
|
|
|
| 2024 | 2023 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| TURNOVER | 3 |
|
|
|
| Cost of sales |
( |
( |
||
| GROSS PROFIT |
|
|
||
| Administrative expenses |
( |
( |
||
| OPERATING PROFIT |
|
|
||
| Interest payable and similar charges | 8 |
( |
|
|
| PROFIT BEFORE TAXATION |
|
|
||
| Tax on Profit | 9 |
( |
( |
|
| PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT |
|
|
||
| 2024 | 2023 | |||
|---|---|---|---|---|
| £ | £ | |||
| PROFIT FOR THE FINANCIAL YEAR |
|
|
||
| OTHER COMPREHENSIVE INCOME FOR THE YEAR | - | - | ||
| TOTAL COMPREHENSIVE INCOME FOR THE YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT |
|
|
||
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 10 |
|
|
||
|
|
|
||||
| CURRENT ASSETS | |||||
| Debtors | 12 |
|
|
||
| Cash at bank and in hand |
|
|
|||
|
|
|
||||
| Creditors: Amounts Falling Due Within One Year | 13 |
( |
( |
||
| NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation | 14 |
( |
( |
||
| NET ASSETS |
|
|
|||
| CAPITAL AND RESERVES | |||||
| Called up share capital | 16 |
|
|
||
| Capital redemption reserve |
|
|
|||
| Profit and Loss Account |
|
|
|||
| SHAREHOLDERS' FUNDS | 2,484,055 | 2,120,865 | |||
|
Director
|
|
|
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 10 |
|
|
||
| Investments | 11 |
|
|
||
|
|
|
||||
| CURRENT ASSETS | |||||
| Debtors | 12 |
|
|
||
| Cash at bank and in hand |
|
|
|||
|
|
|
||||
| Creditors: Amounts Falling Due Within One Year | 13 |
( |
( |
||
| NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation | 14 |
( |
( |
||
| NET ASSETS |
|
|
|||
| CAPITAL AND RESERVES | |||||
| Called up share capital | 16 |
|
|
||
| Capital redemption reserve |
|
|
|||
| Profit and Loss Account |
|
|
|||
| SHAREHOLDERS' FUNDS | 1,768,454 | 1,529,605 | |||
|
Director
|
|
|
| Share Capital | Capital Redemption | Profit and Loss Account | Total | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| As at 1 January 2023 |
|
|
|
1,904,057 |
| Profit for the year and total comprehensive income | - | - |
|
658,408 |
| Dividends paid | - | - | (441,600) | (441,600) |
| As at 31 December 2023 and 1 January 2024 |
|
|
|
2,120,865 |
| Profit for the year and total comprehensive income | - | - |
|
804,790 |
| Dividends paid | - | - | (441,600) | (441,600) |
| As at 31 December 2024 |
|
|
|
2,484,055 |
| Share Capital | Capital Redemption | Profit and Loss Account | Total | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| As at 1 January 2023 |
|
|
|
1,468,979 |
| Profit for the year and total comprehensive income | - | - |
|
502,226 |
| Dividends paid | - | - | (441,600) | (441,600) |
| As at 31 December 2023 and 1 January 2024 |
|
|
|
1,529,605 |
| Profit for the year and total comprehensive income | - | - |
|
680,449 |
| Dividends paid | - | - | (441,600) | (441,600) |
| As at 31 December 2024 |
|
|
|
1,768,454 |
| 2024 | 2023 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| Cash flows from operating activities | ||||
| Net cash generated from operations | 1 |
|
|
|
| Interest (paid)/refunded |
( |
|
||
| Tax paid |
( |
( |
||
| Net cash generated from operating activities |
|
|
||
| Cash flows from investing activities | ||||
| Purchase of tangible assets |
( |
( |
||
| Cash flows from financing activities | ||||
| Equity dividends paid |
( |
( |
||
| Amount introduced by directors | - | 25,895 | ||
| Amount withdrawn by directors | (114,198) | - | ||
| Net cash used in financing activities |
( |
( |
||
| Increase in cash and cash equivalents |
|
|
||
| Cash and cash equivalents at beginning of year | 2 |
|
|
|
| Cash and cash equivalents at end of year | 2 |
|
|
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Profit for the financial year |
|
|
|
| Adjustments for: | |||
| Tax on profit |
|
|
|
| Interest expense |
|
|
|
| Movements in working capital: | |||
| Increase in trade and other debtors |
( |
( |
|
| Increase in trade and other creditors |
|
|
|
| Depreciation | 39,340 | 47,608 | |
| Net cash generated from operations |
|
|
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Cash at bank and in hand |
|
|
|
| As at 1 January 2024 | Cash flows | As at 31 December 2024 | |
|---|---|---|---|
| £ | £ | £ | |
| Cash at bank and in hand |
|
659,291 |
|
| 2024 | 2023 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| Cash flows from operating activities | ||||
| Net cash generated from operations | 1 |
|
|
|
| Interest paid |
( |
( |
||
| Tax paid |
( |
( |
||
| Net cash generated from operating activities |
|
|
||
| Cash flows from investing activities | ||||
| Purchase of tangible assets |
( |
( |
||
| Cash flows from financing activities | ||||
| Equity dividends paid |
( |
( |
||
| Amount introduced by directors | - | 25,895 | ||
| Amount withdrawn by directors | (114,198) | - | ||
| Net cash used in financing activities |
( |
( |
||
| Increase in cash and cash equivalents |
|
|
||
| Cash and cash equivalents at beginning of year | 2 |
|
|
|
| Cash and cash equivalents at end of year | 2 |
|
|
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Profit for the financial year |
|
|
|
| Adjustments for: | |||
| Tax on profit |
|
|
|
| Interest expense |
|
|
|
| Movements in working capital: | |||
| Increase in trade and other debtors |
( |
( |
|
| Increase in trade and other creditors |
|
|
|
| Depreciation | 39,268 | 58,237 | |
| Net cash generated from operations |
|
|
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Cash at bank and in hand |
|
|
|
| As at 1 January 2024 | Cash flows | As at 31 December 2024 | |
|---|---|---|---|
| £ | £ | £ | |
| Cash at bank and in hand |
|
1,064,170 |
|
| Leasehold |
|
| Plant & Machinery |
|
| Motor Vehicles |
|
| Fixtures & Fittings |
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Contractor fees | 31,020,048 | 26,839,235 | |
| Permanent fees | 777,633 | 772,522 | |
| Project fees | 377,087 | - | |
| 32,174,768 | 27,611,757 | ||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| United Kingdom |
|
|
|
| Europe |
|
|
|
| 32,174,768 | 27,611,757 | ||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Audit Services | |||
| Audit of the group and company's financial statements |
|
|
|
| Group | Company | ||||||
|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | ||||
| £ | £ | £ | £ | ||||
| Wages and salaries |
|
|
|
|
|||
| Social security costs |
|
|
|
|
|||
| Other pension costs |
|
|
|
|
|||
|
|
|
|
|
||||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Emoluments |
|
|
|
| Company contributions to money purchase pension schemes |
|
|
|
|
|
|
||
| 2024 | 2023 | ||
|---|---|---|---|
| Money purchase pension schemes |
|
|
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Emoluments |
|
|
|
| Company contributions to money purchase pension schemes |
|
|
|
|
|
|
||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Other finance charges |
|
|
|
|
The tax charge on the profit for the year was as follows:
|
|||||
| Tax Rate | 2024 | 2023 | |||
|---|---|---|---|---|---|
| 2024 | 2023 | £ | £ | ||
| Current tax | |||||
| UK Corporation Tax | 25.0% | 23.5% |
|
|
|
| Deferred Tax | |||||
| Deferred taxation |
|
( |
|||
| Total tax charge for the period |
|
|
|||
|
The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
|
|||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Profit before tax | 1,065,944 | 852,923 | |||
| Tax on profit at 25% (UK standard rate) |
|
|
|||
| Goodwill/depreciation not allowed for tax |
|
|
|||
| Expenses not deductible for tax purposes |
( |
|
|||
| Capital allowances |
( |
( |
|||
| Short term timing differences |
( |
|
|||
| Difference in tax rates |
|
|
|||
| Total tax charge for the period | 261,154 | 194,515 | |||
| Land & Property | |||||
|---|---|---|---|---|---|
| Leasehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Total | |
| £ | £ | £ | £ | £ | |
| Cost | |||||
| As at 1 January 2024 |
|
|
|
|
|
| Additions |
|
|
|
|
|
| As at 31 December 2024 |
|
|
|
|
|
| Depreciation | |||||
| As at 1 January 2024 |
|
|
|
|
|
| Provided during the period |
|
|
|
|
|
| As at 31 December 2024 |
|
|
|
|
|
| Net Book Value | |||||
| As at 31 December 2024 |
|
|
|
|
|
| As at 1 January 2024 |
|
|
|
|
|
| Land & Property | |||||
|---|---|---|---|---|---|
| Leasehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Total | |
| £ | £ | £ | £ | £ | |
| Cost | |||||
| As at 1 January 2024 |
|
|
|
|
|
| Additions |
|
|
|
|
|
| As at 31 December 2024 |
|
|
|
|
|
| Depreciation | |||||
| As at 1 January 2024 |
|
|
|
|
|
| Provided during the period |
|
|
|
|
|
| As at 31 December 2024 |
|
|
|
|
|
| Net Book Value | |||||
| As at 31 December 2024 |
|
|
|
|
|
| As at 1 January 2024 |
|
|
|
|
|
| Subsidiaries | |
|---|---|
| £ | |
| Cost | |
| As at 1 January 2024 |
|
| As at 31 December 2024 |
|
| Provision | |
| As at 1 January 2024 |
|
| As at 31 December 2024 |
|
| Net Book Value | |
| As at 31 December 2024 |
|
| As at 1 January 2024 |
|
|
Name of undertakings
|
Registered office
|
Nature of business
|
Class of shares held
|
% Held Direct
|
|
Montash Nederland B.V
|
Netherlands
|
Recruitment
|
Ordinary
|
100
|
|
Montash GmbH
|
Germany
|
Recruitment
|
Ordinary
|
100
|
|
Name of undertakings
|
Capital and Reserves
|
Profit/(Loss)
|
|
|
£
|
£
|
||
|
Montash Nederland B.V
|
629,893
|
150,702
|
|
|
Montash GmbH
|
91,074
|
(14,664)
|
|
|
|
|
||
|
|
|
| Group | Company | ||||||
|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | ||||
| £ | £ | £ | £ | ||||
| Due within one year | |||||||
| Trade debtors |
|
|
|
|
|||
| Prepayments and accrued income |
|
|
|
|
|||
| Other debtors |
|
|
|
|
|||
|
|
|
|
|
||||
| Group | Company | ||||||
|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | ||||
| £ | £ | £ | £ | ||||
| Trade creditors |
|
|
|
|
|||
| Other creditors | 3,232,248 | 1,794,020 | 3,683,168 | 2,146,613 | |||
| Corporation tax |
|
|
|
|
|||
| Taxation and social security | 320,854 | 366,259 | 177,817 | 273,145 | |||
| Accruals and deferred income | 2,174,656 | 1,848,995 | 2,037,252 | 1,687,325 | |||
|
|
|
|
|
||||
| Group | Company | ||||||
|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | ||||
| £ | £ | £ | £ | ||||
| Other timing differences | 15,770 | 12,391 | 15,770 | 12,391 | |||
| Group | ||
|---|---|---|
| Deferred Tax | Total | |
| £ | £ | |
| As at 1 January 2024 |
|
12,391 |
| Additions |
|
3,379 |
| Balance at 31 December 2024 |
|
15,770 |
| Company | ||
|---|---|---|
| Deferred Tax | Total | |
| £ | £ | |
| As at 1 January 2024 |
|
12,391 |
| Additions |
|
3,379 |
| Balance at 31 December 2024 |
|
15,770 |
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| On equity shares: | |||
| Interim dividend paid |
|
|
|
|
Number of share options
|
Exercise Price
|
|||
|
2024
Number
|
2023
Number
|
2024
£
|
2023
£
|
|
|
Outstanding at
1 January
|
1,647
|
1,931
|
-
|
-
|
|
Granted
|
468
|
168
|
-
|
-
|
|
Lapsed
|
(15)
|
(452)
|
-
|
-
|
|
2,100
|
1,647
|
-
|
-
|
|
|
Exercisable at 31 December
|
2,100
|
1,647
|
-
|
-
|