Icare24 Group Limited

Icare24 Group Limited, based in Birmingham, UK, is a sizable holding company with an active status, having been incorporated six years ago in May 2018. The company employs 29 people and holds assets worth £3,299,507, generating a yearly revenue of £3,450,000. While it has a registered address, it’s likely a virtual one, as thirteen companies share the same location. Five directors and one owner (with over 25% share) steer the ship, and the company operates an e-commerce site, enjoying a stellar 5.0 Google rating from 173 reviews. They are an irregular exporter, primarily dealing in machinery, boilers, and mechanical appliances, with a recent export recorded one month ago.

The company positions itself as a leading healthcare recruitment specialist, operating both a traditional agency and a more modern platform. Its website highlights a focus on connecting care professionals with care organizations, offering a range of services from temporary staffing to permanent placements. It even has a salary calculator and placement map to help candidates find suitable roles. The site also features a blog with articles on industry trends and best practices, demonstrating a commitment to thought leadership.

Financially, Icare24 Group Limited shows a mixed picture. While turnover increased by 36%, reaching £3.4 million, net losses deepened to -£51,000, a significant shift from the previous year. Bank borrowings surged by 57%, reaching £150,000, and cash reserves fell by 53%, dropping to £200,000. Creditors also increased substantially, rising by 280% to £260,000. The company’s average number of employees jumped dramatically, increasing by 110% to 62, which may be contributing to the increased operating expenses. The lack of an auditor mentioned suggests the company is exempt, relying on unaudited financial statements.

The company's focus on recruitment and its high Google rating indicate a strong reputation within the healthcare sector. However, the increased debt and losses suggest it’s facing financial pressures, potentially linked to the rapid employee growth. Whether Icare24 Group Limited can maintain its momentum and profitability remains to be seen.

Registered in England/Wales under the registration number 11351323, with a registered address at B6 5RQ, England, Birmingham, Suite 1, Aqueous Ii, Aston Cross Business Park.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
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