Permanent & Temporary Staff Recruitment Agency For Sale

Reference Number: HFL081

Location: South East UK

Turnover: £845k

Status: SOLD

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Business Summary

  • An independent recruitment consultancy specialising in administrative staff, catering and warehouse personnel.
  • The company manages permanent, as well as temporary placements; the latter accounting for approximately two thirds of the business. It is fully compliant with the Pension Regulator requirement for auto enrolment.
  • Based in South East England and established for 36 years.
  • Members of the ‘TEAM Network’ (an international network of independent recruitment experts) – allowing services to be extended nationwide.
  • Regular, long-standing local clients include a number of well-established and ‘Blue-Chip’ companies.
  • Preferred supplier of a major investment finance company.
  • Three of the four permanent employees have worked for the company for between 12 and 32 years.
  • As a result, the staff possess a solid local knowledge of the area and client base.
  • Outstanding opportunity for an existing recruitment consultancy to expand into different sectors, or an entrepreneur looking to expand the business into middle management in existing sectors. The company could also be an investment vehicle.

Services

The company’s services include:-

  • Placing of permanent and temporary staff at all levels up to middle management
  • Maintaining an extensive register of all categories of personnel seeking new employment
  • Long term contracts bookings
  • Client Advice
  • The use of their office by client organisations i.e. for interviews
  • Computerised payroll service
  • Advertising services (for clients who wish to remain anonymous)
  • CV Guidance

Premises

  • Leasehold offices located off a busy high street in South East England.
  • A rolling monthly lease with a rent of £8,900 per annum.

Employees

  • A long-serving General Manager, plus 3 Interviewers, an Accounts Controller, a fully qualified Wages Clerk and one trainee administrator on a six-month contract.

Reason for sale

  • The owners are now in their eighties and reside in South West England. They wish to sell due to ill-health.
  • A full handover will be provided by the General Manager.

Financial overview

 

Year ending 31st March201220132014Est’d 2015Forecast 2016
Sales revenue£1,462,892£796,747£851,328£782,216£846,720
Gross profit£173,234£141,096£149,357£199,138£221,529
Percentage12%18%18%25%26%
Adjusted EBITDA£20,772£29,880£31,654£65,872£82,395
Percentage1%4%4%8%10%
SOLD

 

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