Recruitment company in the global marine and subsea technology sector

  • Price: Offer Invited
Seller Ref:153202
For Sale

Recruitment company in the global marine and subsea technology sector

Seller Ref:153202
  • Price: Offer Invited

Description

The company provides niche recruitment services, specialising in the delivery of tailored services for major clients in the marine and subsea technology sectors.

Operating on an international basis, the company works in partnership with clients based across the globe to place skilled contractors in highly specialised onshore and offshore roles.

The company’s dedication to quality has further strengthened its prevalence in the market, with the business being renowned as a leading supplier within its niche sector.

Having built up a strong and highly respected operation, the shareholders are now offering the company for sale as part of their retirement plans.

Key Highlights

– The company has built up a network of highly skilled contractors, ensuring that it continues to benefit from consistent, reliable revenue streams.

– Strong track record of success, maintaining high placement rates and earning an excellent reputation as a trusted, reliable recruitment partner.

– Maintains long-standing relationships with clients, several of which span over six years, with all clients providing ongoing, repeat business.

– Operates with a lean, focused workforce, enabling the company to maximise profitability whilst providing an exceptional standard of service for prestigious clients.

– Significant scope to increase revenue through the implementation of a targeted sales and marketing strategy, with all growth thus far having been generated organically.

Financial Highlights

– Achieved turnover of £15.5 million in YE22, with an adjusted EBITDA in excess of £2 million.

– The company has achieved consistent year-on-year growth across the last five years, with turnover and adjusted EBITDA increasing by 289% and 348%, respectively, between YE18 and YE22.

– Turnover projected to reach circa £18.2 million in YE23, with adjusted EBITDA also rising to £2.2 million.

– Maintains strong gross profit and adjusted EBITDA margins, averaging 14% and 13%, respectively, across the last five years.

– Future revenue is secure, with all clients retaining the company’s services on ongoing contracts and framework agreements. In the last year, revenue generated through contracts accounted for circa 95% of turnover.

Is this business relocatable:
No
Is stock included:
NA

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