Recruitment | Midlands/North | £16.7m Turnover A well established, market leading, independent recruitment business specialising in the placement of permanent and temporary financial and human resources personnel throughout the midlands and the north is for sale.
The company has been established for many years and has a vast amount of experience in providing recruitment solutions to clients operating within various sectors throughout the midlands and the north. The company has developed an excellent reputation for providing high quality, bespoke, client led recruitment solutions. The current owners are confident that the market position they have developed leaves the company well placed for future growth, however believe that this will be best achieved under alternative ownership by a company with the financial and managerial resources required to maximize the opportunity that exists.
The company generated turnover of £16.7m and an adjusted EBITDA of £860K during 2008. Forecasted turnover for 2009, £13.5m with an adjusted EBITDA of £1.3m, which is up 50% on last year following a restructuring and refocusing of the business in its core regions. Forecasted turnover for 2010 is £14.3m with the trend in improved profitability to continue with adjusted EBITDA rising to £1.8m as the business starts to return to the consultant and fee levels enjoyed in the period 2004-8.
turner parkinson LLP is a Manchester based commercial law firm, specialising in SMEs and owner managed businesses with a turnover between £0.5m - £20m.
