Recruitment Consultancy Servicing Clients In The Industrial Commercial And
Price:
Leasehold - £1,150,000
Location:
South Yorkshire
Business Type:
Service Businesses
RECRUITMENT CONSULTANCY SERVICING CLIENTS IN THE INDUSTRIAL, COMMERCIAL AND ENGINEERING SECTORS
REF: 1246HX
HEADLINE SUMMARY
WEST YORKSHIRE
RECRUITMENT CONSULTANCY OFFERING A RANGE OF SOLUTIONS TO CLIENTS IN THE INDUSTRIAL, COMMERCIAL AND ENGINEERING SECTORS
• Established 13 years
• Turnover £4,238,658 (2010)
• EBITDA averaging £324,500 per annum over the last 2 years
• Leasehold £1,150,000 plus Shareholders’ Funds of approximately £100,000
• Reference: 1246HX
BUSINESS SUMMARY
This consistently successful consultancy has developed an excellent reputation for the provision of a total recruitment solution for employers. Customers occupy a range of sectors within the economy and include traditional engineering companies and food related businesses, for example, but can also extend to employers requiring IT or sales staff. Our client has a significant bank of staff to draw upon to fill vacancies as they arise. The focus of the business is very much driven towards building client relationships and increasing staff deployments rather than merely filling specific vacancies as they arise.
Trading from refurbished office premises located close to Halifax in West Yorkshire and also with an office in central Wakefield, customers are generally drawn from West Yorkshire. The Head Office premises are extremely spacious, on three floors, and they afford a pleasant working environment for the high calibre staff employed.
Our client has enjoyed a successful trading history spanning the last 13 years. During this period, the business has generated very significant and consistent profits year on year. The customer base is extremely well spread and cash flow positive. In financial terms the company is exceptionally strong, with a consistently high EBITDA figure averaging £324,500 per annum over the last 2 years, offering the prospect of excellent ongoing earnings for a new buyer. The company has seen considerable growth in the recent decade with turnover now consistently in excess of £4 million annually.
Over the last 10 years in particular the company has both consolidated its position within the market place and developed a significant number of new customers. Overall, the market for recruitment services is strong and likely to expand with many employers opting for the flexible recruitment policies in the current economic climate.
The company would be an ideal purchase for a similarly sized or larger corporate with a good knowledge of the recruitment industry and with an acquisitive growth strategy. Such a move would give access to a company with solid financials and a reliable staff complement and an excellent customer base located throughout West Yorkshire. The company trading name is well known and respected within the market place. The company could be an ideal bolt-on for an existing business, possibly specializing in other types of recruitment looking to expand into more general work.
SCOPE AND POTENTIAL
Our client has expended a great deal of effort and energy in building a robust business model with a substantial repeat customer base. The company ethos has been very much to work with existing clients to ensure that staff deployments are maximized. There are still opportunities for further work with these existing customers.
In addition, there are a massive number of businesses based within West Yorkshire where no trading relationship currently exists and business development activity focused on these prospects is likely to deliver additional sales. In particular, it is felt that focus on the technical and commercial roles is likely to be especially lucrative, especially given the higher proportion of permanent roles within this arena.
A buyer could also consider the financial benefits of integrating this business with an existing set up. This could generate significant cost savings. There is also some capacity within the existing Head Office set up for additional staff or expansion should this be required.
FOR FULL DETAILS PLEASE SIGN AND RETURN THE CONFIDENTIALITY AGREEMENT
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.
North Yorkshire
£ 750,000
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