The sale of a well established, privately owned, profitable, North East based staffing business, specialising in the provision of staffing solutions into the construction industry throughout the UK.
The company has been established for many years and has a vast amount of experience in providing white and blue collar temporary, contract and permanent staffing solutions to companies operating within various sectors of the construction industry. It has sole and preferred supplier relationships with the majority of its key clients, which generate significant levels of repeat business and recurring revenues.
The company has an experienced, motivated and loyal team of employees who are committed, flexible and responsive to client requirements.
It has two visually pleasing websites, which attract a high volume of good quality candidates on a daily basis and the company is a corporate member of the REC and is ISO9001 and ISO14001 accredited
The company`s current service offering can be easily sold into new geographical markets (i.e. the Middle East) and industry sectors (i.e. engineering, oil and gas etc) to both existing and new clients, thus enabling revenues and margins to be increased.
The acquisition opportunity presents the prospective purchaser with access to a strong, established client and candidate base and a sustainable and respected business with a first class industry reputation and a well recognised brand. The offices are ideally located to attract good quality candidates and are within easy access of the UK rail, road and motorway networks.
The company generated turnover of circa £9.8m and gross profit of circa £1.5m during the financial year ended 31 December 2011 with reported underlying, pre tax operating profits of circa £386k during the same period.
Forecast turnover for the financial year ending 31 December 2012 is circa £10.1m with gross profits and underlying, pre tax operating profits of c. £1.7m and c. £505k respectively.
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