The Leaky Bucket
The Leaky Bucket
Ian Morgan
We Found £74,106 in a Recruitment Business Already Making £189,000
40 minutes Posted Jun 10, 2026 at 6:00 am.
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Show notes
A recruitment business in Leeds. £940,000 turnover. £189,000 net profit. 20% margin. Her accountant said the margins looked about right for recruitment. They did look fine. But fine isn't the same as optimised. In this episode I go through four sessions with Meridian Recruitment — costs, fee structure, client retention, and average order value — and find £74,106 in additional net profit sitting untouched in a business that was already doing well. What we covered: — Session 1: Costs audit — jo...