Build Recruitment Limited

	Page
Strategic Report	1
Directors' Report	2
Independent Auditor's Report	3—4
Profit and Loss Account	5
Balance Sheet	6
Statement of Changes in Equity	7
Notes to the Financial Statements	8—14

The directors present their strategic report for the year ended 31 December 2025.

Principal Activity

The company's principal activity continues to be that of recruitment consultants.

Review of the Business

Build Recruitment are a sector specialist recruitment company with a high value reputation in the property services market.

In 2025 we faced many challenges including market demands and growth costs. We continued to grow in a challenging time.

The Company’s results are in line with management expectations for the period.

Key Performance Indicators

The director believes the following to be the Company’s financial key performance indicators:

2025 2024

Gross Profit Margin 21.9% 21.5%

The Company’s results are in line with management expectations for the period.

Principal Risks and Uncertainties

While robust systems and controls are in place to identify, monitor and mitigate risk, the following remain the most material uncertainties to the business:

• Market and Economic Risk: The recruitment sector is highly sensitive to wider economic conditions. Ongoing inflationary pressures, political uncertainty and fluctuations in public sector spending all have the potential to impact demand for staffing services. The Company mitigates this risk through maintaining strong client relationships diversification across clients and offering flexible solutions that adapt to changing market conditions.

• Regulatory and Compliance Risk: Frequent changes in employment legislation and compliance requirements present an ongoing challenge. The Company mitigates this risk through a dedicated compliance function, continuous monitoring of legislative change and proactive client engagement to ensure readiness for new requirements.

• Liquidity and Financial Risk: Liquidity risk arises from the potential for clients to delay payments or from unforeseen pressures on cash flow. This can impact the Company’s ability to meet financial obligations as they fall due. To manage this risk, the Company operates strong credit control processes, undertakes regular cash flow forecasting and ensures a balanced spread of clients across sectors to reduce dependency on any single revenue stream.

Future Developments

The Company remains focused on delivering sustainable growth. Over the next financial year, the Company will:

• Continue to invest in technology and systems to improve client delivery, efficiency and candidate experience.

• Build on its compliance function to ensure readiness for forthcoming regulatory changes, including updates to employment law and framework requirements.

• Maintain disciplined financial management to support ongoing investment and stability.

• Explore opportunities for growth in both existing and complementary markets.

The Group also recognises the vital role of its people in driving success. Significant investment has been made in attracting and retaining talented staff across all areas of the business, creating a strong platform for growth. With an experienced and motivated team in place, the Group is well positioned to deliver on its strategic priorities and respond positively to opportunities in the year ahead.

On behalf of the board

Mr Christian Ewart

Director

21 September 2026

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Build Recruitment Limited

Company No. 07280283

Directors' Report For The Year Ended 31 December 2025

Directors' Report

The directors present their report and the financial statements for the year ended 31 December 2025.

Directors

The directors who held office during the year were as follows:

Mr Christian Ewart

Mr Ryan Smart

Matters covered in the Strategic Report

Disclosures required under s416(4) of the Companies Act 2006 are commented upon in the Strategic Report as the directors consider them to be of strategic importance to the business.

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Independent Auditors

The auditors, JWR Audit Limited, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

On behalf of the board

Mr Christian Ewart

Director

21 September 2026

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Independent Auditor's Report

to the Members of

Build Recruitment Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Build Recruitment Limited for the year ended 31 December 2025 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes of Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit/(loss) for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions Relating to Going Concern

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 entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on Other Matters Prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on Which We Are Required to Report by Exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records or returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

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Independent Auditor's Report (continued)

to the Members of

Build Recruitment Limited

Responsibilities of Directors

As explained more fully in the Directors' Responsibilities Statement set out on page 2, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations.

We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion.

Procedures performed by the audit team included:

Discussions with management regarding known or suspected instances of non-compliance with laws and regulations;

Evaluation of controls designed to prevent and detect irregularities; and

Assessing journals entries as part of our planned audit approach.

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it.

As in all of our audits we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use Of Our Report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Katie Wood FCA FCCA (Senior Statutory Auditor)

for and on behalf of JWR Audit Limited , Statutory Auditor

21 September 2026

JWR Audit Limited

24 Picton House

Hussar Court

Waterlooville

Hampshire

PO7 7SQ

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Build Recruitment Limited

Profit and Loss Account

For The Year Ended 31 December 2025

Profit and Loss Account

		31 December 2025	31 December 2024
	Notes	£	£
TURNOVER		15,376,460	20,540,326
Cost of sales		(11,997,219 )	(16,116,071 )

GROSS PROFIT		3,379,241	4,424,255

Administrative expenses		(2,887,289 )	(4,314,178 )
Other operating income		21,502	127,913

OPERATING PROFIT	5	513,454	237,990
Interest payable and similar charges	10	(129,865 )	(259,759 )

PROFIT/(LOSS) BEFORE TAXATION		383,589	(21,769 )
Tax on Profit/(loss)	11	(103,474 )	4,969

PROFIT/(LOSS) AFTER TAXATION BEING PROFIT/(LOSS) FOR THE FINANCIAL YEAR		280,115	(16,800 )

The notes on pages 8 to 14 form part of these financial statements.

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Build Recruitment Limited

Balance Sheet

As At 31 December 2025

Balance Sheet

Registered number: 07280283

		31 December 2025		31 December 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	12		1,624		990

			1,624		990
CURRENT ASSETS
Debtors	13	2,815,669		2,623,882
Cash at bank and in hand		144,863		29,203

		2,960,532		2,653,085
Creditors: Amounts Falling Due Within One Year	14	(2,609,845 )		(2,149,395 )

NET CURRENT ASSETS (LIABILITIES)			350,687		503,690

TOTAL ASSETS LESS CURRENT LIABILITIES			352,311		504,680

Creditors: Amounts Falling Due After More Than One Year	15		(221,128 )		(314,352 )

PROVISIONS FOR LIABILITIES
Provisions For Charges	18		(6,480 )		(16,200 )
Deferred Taxation	17		(680 )		(220 )

NET ASSETS			124,023		173,908

CAPITAL AND RESERVES
Called up share capital	19		1,000		1,000
Profit and Loss Account			123,023		172,908

SHAREHOLDERS' FUNDS			124,023		173,908

On behalf of the board

Mr Christian Ewart

Director

21 September 2026

The notes on pages 8 to 14 form part of these financial statements.

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Build Recruitment Limited

Statement of Changes in Equity

For The Year Ended 31 December 2025

Statement of Changes in Equity

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 July 2023	1,000	189,708	190,708
Loss for the period and total comprehensive income	-	(16,800 )	(16,800)

Dividends paid	-	-	-

As at 31 December 2024 and 1 January 2025	1,000	172,908	173,908


Profit for the year and total comprehensive income	-	280,115	280,115

Dividends paid	-	(330,000)	(330,000)

As at 31 December 2025	1,000	123,023	124,023

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Build Recruitment Limited

Notes to the Financial Statements

For The Year Ended 31 December 2025

Notes to the Financial Statements

1. General Information

Build Recruitment Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07280283 . The registered office is 24 Picton House, Hussar Court, Waterlooville, Hampshire, PO7 7SQ.

2. Statement of Compliance

The financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The presentation currency of the financial statements is the Pound Sterling (£).

Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

3. Accounting Policies

3.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention.

3.2. Financial Reporting Standard 102 - Reduced Disclosure Exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows and Section 3 Financial Statement Presentation paragraph 3.17 (d).

3.3. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

3.4. Significant judgements and estimations

The preparation of financial statements requires the use of estimates and assumptions that affect reported amounts of assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period. These estimates and assumptions are based on management's best knowledge of the amount, events or actions. Actual results may differ from those amounts.

3.5. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

3.6. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	33% straight line
Computer Equipment	33% striaght line

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Build Recruitment Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

3.7. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

3.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

4. Other Operating Income

	31 December 2025	31 December 2024
	£	£
Rental income	20,992	16,625
Other operating income	510	111,288

	21,502	127,913

5. Operating Profit

The operating profit is stated after charging:

	31 December 2025	31 December 2024
	£	£
Bad debts	82,759	(38,856)
Depreciation of tangible fixed assets	1,155	25,512

6. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	31 December 2025	31 December 2024
	£	£
Audit Services
Audit of the company's financial statements	-	12,000

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Build Recruitment Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

7. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	31 December 2025	31 December 2024
	£	£
Wages and salaries	2,085,503	3,268,914
Social security costs	305,688	395,604
Other pension costs	38,709	80,992

	2,429,900	3,745,510

8. Average Number of Employees

Average number of employees, including directors, during the year was:

	31 December 2025	31 December 2024
Office and administration	-	34
Sales, marketing and distribution	-	37

	66	71

9. Directors' remuneration

	31 December 2025	31 December 2024
	£	£
Emoluments	25,140	-

10. Interest Payable and Similar Charges

	31 December 2025	31 December 2024
	£	£
Bank loans and overdrafts	1,804	10,726
Interest payable on other loans	37,440	82,762
Factoring charges	87,351	165,730
Late payment tax charges	3,270	541

	129,865	259,759

11. Tax on Profit

The tax charge/(credit) on the profit/(loss) for the year was as follows:

	Tax Rate		31 December 2025	31 December 2024
	31 December 2025	31 December 2024	£	£
Current tax
UK Corporation Tax	-	25.0%	104,604	1,304
Prior period adjustment			(1,590 )	-

			103,014	1,304

...CONTINUED

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Build Recruitment Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Deferred Tax
Deferred taxation	460	(6,273 )


Total tax charge for the period	103,474	(4,969 )

The actual charge/(credit) for the year can be reconciled to the expected charge/(credit) for the year based on the profit/(loss) and the standard rate of corporation tax as follows:

	31 December 2025	31 December 2024
	£	£
Profit before tax	383,589	(21,769)

Tax on profit at 25% (UK standard rate)	95,897	(5,442 )
Goodwill/depreciation not allowed for tax	289	6,378
Expenses not deductible for tax purposes	8,866	7,716
Tax losses utilised	-	(6,804 )
Capital allowances	(448 )	(132 )
Short term timing differences	460	(6,273 )
Prior period adjustment	(1,590 )	-
Difference in tax rates	-	(412 )

Total tax charge for the period	103,474	(4,969)

12. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2025	44,047	14,235	58,282
Additions	899	891	1,790

As at 31 December 2025	44,946	15,126	60,072

Depreciation
As at 1 January 2025	43,812	13,480	57,292
Provided during the period	526	630	1,156

As at 31 December 2025	44,338	14,110	58,448

Net Book Value
As at 31 December 2025	608	1,016	1,624

As at 1 January 2025	235	755	990

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Build Recruitment Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

13. Debtors

	31 December 2025	31 December 2024
	£	£
Due within one year
Trade debtors	1,744,211	1,654,417
Amounts owed by group undertakings	723,080	607,389
Other debtors	348,378	362,076

	2,815,669	2,623,882

14. Creditors: Amounts Falling Due Within One Year

	31 December 2025	31 December 2024
	£	£
Trade creditors	172,922	96,644
Bank loans and overdrafts	33,334	100,000
Other loans	59,891	53,209
Amounts owed to group undertakings	22,216	-
Amounts owed to participating interests	240,420	122,198
Other creditors	1,378,602	1,256,628
Corporation tax	103,842	1,283
Taxation and social security	449,598	309,307
Accruals and deferred income	149,020	210,126

	2,609,845	2,149,395

15. Creditors: Amounts Falling Due After More Than One Year

	31 December 2025	31 December 2024
	£	£
Bank loans	-	33,333
Other loans	221,128	281,019

	221,128	314,352

16. Loans

An analysis of the maturity of loans is given below:

	31 December 2025	31 December 2024
	£	£
Amounts falling due within one year or on demand:
Bank loans	33,334	100,000
Other loans	59,891	53,209

	93,225	153,209

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Build Recruitment Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

	31 December 2025	31 December 2024
	£	£
Amounts falling due between one and five years:
Bank loans	-	33,333
Other loans	221,128	281,019

	221,128	314,352

17. Deferred Taxation

The provision for deferred tax is made up as follows:

	31 December 2025	31 December 2024
	£	£
Accelerated capital allowances	460	220
Other timing differences	220	-

	680	220

18. Provisions for Liabilities


	Deferred Tax	Other Provisions	Total
	£	£	£
As at 1 January 2025	220	16,200	16,420
Reversals	-	(9,720 )	(9,720)
Deferred taxation	460	-	460

Balance at 31 December 2025	680	6,480	7,160

19. Share Capital

	31 December 2025	31 December 2024
Allotted, called up and fully paid	£	£
100,000 Ordinary Shares of £ 0.01 each	1,000	1,000

20. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	31 December 2025	31 December 2024
	£	£
Not later than one year	133,700	133,700
Later than one year and not later than five years	135,617	265,817
Later than five years	-	3,450

	269,317	402,967

The above leases relate to rent.

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Build Recruitment Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

21. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

During the year the charge to the profit and loss account in respect of defined contribution schemes was £38,709 (2024: £80,992).

At the balance sheet date contributions of £0 (2024: £7,176) were due to the fund and are included in creditors.

22. Dividends

	31 December 2025	31 December 2024
	£	£
On equity shares:
Interim dividend paid	330,000	-

23. Related Party Disclosures

The company has taken advantage of exemption, under 33.1A of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose transactions with wholly owned subsidiaries within the group.

Alliance MSP Limited is a related party, due to Build Recruitment owning 50% of the Shareholding. At the year end date and included in trade debtors, Alliance MSP Limited owed Build Recruitment Limited £401,450 (2024: £253,443). The balance was settled post year end. Included in creditors is a balance owing from Build Recruitment Limited to Alliance MSP Limited of £250,229 (2024: £139,082). The balance was settled post year end.

24. Controlling Parties

The company's immediate parent undertaking is Ewart Cooper Limited .

The ultimate parent undertaking and that of the smallest and largest group for which group accounts are drawn up of which the company is a member is Ewart Smart Solutions Limited (incorporated in England & Wales). Its registered office is 24 Picton House, Hussar Court, Waterlooville, Hampshire, PO7 7SQ .

Copies of the group accounts may be obtained from the company's registered office.

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