WITH NOT FOR LTD

Executive Summary

With Not For Ltd is a micro-sized, niche employment placement agency demonstrating healthy early-stage financial growth and liquidity improvements typical of a startup in this sector. Operating in a competitive and evolving recruitment landscape, the company’s small scale offers agility but limits market reach compared to larger players. Strategic focus on specialized recruitment and service differentiation will be critical to capitalize on sector trends and enhance competitive standing.

WITH NOT FOR LTD - Analysis Report

Company Number: 13815372

Analysis Date: 2025-07-29 15:31 UTC

1. Industry Classification
   With Not For Ltd operates primarily within the SIC code 78109, classified as "Other activities of employment placement agencies." This sector includes companies engaged in specialized recruitment and employment placement services outside mainstream temporary staffing or general recruitment. Key characteristics involve matching candidates with niche roles, often requiring tailored consultancy and client relationship management. The sector is competitive, fragmented, and often influenced by economic cycles, labour market dynamics, and regulatory changes affecting employment standards.

2. Relative Performance
   As a micro-entity incorporated in late 2021, With Not For Ltd exhibits financial metrics typical of early-stage, small-scale employment agencies. The company’s net assets grew from £1,403 in 2022 to £11,005 in 2023, reflecting improved working capital and modest fixed asset investment (£2,798 in 2023). Current assets increased by over 50% year-on-year, while current liabilities slightly decreased, improving liquidity and net current assets from £2,543 to £9,347. Compared to industry peers, which often require larger working capital to manage candidate pools and client engagements, this company remains on the smaller end, consistent with a micro-sized firm. The absence of audit requirements and reliance on micro-entity reporting standards further align with the firm's scale and operational scope.

3. Sector Trends Impact
   The UK employment placement sector is currently influenced by several macro trends: evolving labour market demands post-pandemic, skills shortages in specific sectors, and increased digitization of recruitment processes. Specialized agencies like With Not For Ltd can capitalize on these trends by offering bespoke recruitment solutions that larger generalist firms might not provide efficiently. However, economic uncertainties and changes in employment law, such as IR35 and flexible working regulations, pose ongoing challenges. Additionally, the rise of AI-driven candidate screening tools could reshape competitive dynamics, necessitating continuous innovation and investment in technology for sustainable growth.

4. Competitive Positioning
   With Not For Ltd positions itself as a niche player in the employment placement domain, likely focusing on specialized sectors or client segments given its micro scale and limited financial footprint. Strengths include lean operations, evident from modest fixed assets and improving working capital, allowing agility and potentially personalized client service. The involvement of directors with consultancy backgrounds suggests strategic intent to leverage expertise rather than scale alone. However, the company's limited size constrains market reach and resource availability compared to larger recruitment agencies with extensive candidate databases and broader service offerings. To compete effectively, With Not For Ltd must emphasize differentiation through sector specialization, high service quality, and potentially digital innovation to overcome scale disadvantages.