A well established, privately owned, profitable staffing business, which specialises in the provision of staffing solutions into various industry sectors throughout the UK is for sale.
The company has been established for many years and has a vast amount of experience in providing white and blue collar temporary and permanent staffing solutions to clients operating in a number of industry sectors, predominantly the industrial & warehousing, driving & logistics, automotive and retail sectors.
The company has a good reputation for providing quality, bespoke, client led staffing solutions. The current owners believe the market position the company has developed leaves the business well placed for future growth, however feel that this growth will be best achieved under the ownership of a business with the financial, operational and managerial resources required to maximise the opportunity that exists.
It provides on-site and ad hoc staffing solutions to a number of public and blue chip clients and has sole supplier relationships with the majority of its key clients, which generate significant levels of repeat business and recurring revenues.
The company has a visually pleasing website, which attracts a high volume of good quality candidates on a daily basis. It has an experienced, motivated and loyal team of employees who are committed, flexible and responsive to client requirements. The company is a corporate member of the REC.
It generated turnover and gross profits of c. £10.5m and c. £1.3m respectively during the financial year ended 31 December 2010. The company reported underlying, pre tax operating profits of c. £385k during the same period.
Forecast turnover for the financial year ending 31 December 2011 is c. £11.6m with gross profits and underlying, pre tax operating profits of c. £1.5m and c. £541k respectively.
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