• SUPPLYING BOTH TEMPORARY AND PERMANENT STAFF
• MAINLY SERVING CLIENTS IN MID AND WEST CORNWALL
• CONVENIENT PREMISES ON EASY IN EASY OUT TERMS
• VERY POSITIVE PERFORMANCE TRENDS IN EVIDENCE
• IDEAL BOLT ON OPPORTUNITY OR ENTRY TO SECTOR
The business operates from office premises on a busy industrial estate adjacent to the A30 in Redruth, Cornwall but would be suitable for relocation if desired by the purchaser.
This wholly independent specialist driver recruitment agency, which is a member of the Recruitment & Employment Confederation (REC), supplies professionally competent temporary and permanent staff to the transport and logistics sector.
Mainly serving clients in Mid and West Cornwall from a convenient base in Redruth there are no restrictions upon geographical expansion.
Under the current ownership for 5 years, the business has grown significantly both organically and by word of mouth referrals with very positive performance trends in evidence based upon strong client relationships and a commitment to quality and service.
Occupying office premises under a three year lease on easy in, easy out, terms the business appears an ideal bolt on for an existing recruitment agency or as an ideal entry to the sector.
More detailed financial information will be made available to interested parties upon completion of a form of confidentiality agreement and following a telephone conversation with Adams & Co regarding financial position and ability to proceed.
The business was acquired by the current owner in late 2010 and moved to the current site in April 2011.
Please note that if a business is VAT registered, all figures exclude VAT.
Sales of £421,972 were reported for the year ended 31 March 2015 (up from £306,833 in the previous year).
Management figures seen for the year scheduled to end on 31 March 2016 indicate that sales are stable at c £425,000 pa.
An adjusted net profit of £36,083 was achieved in the year ended 31 March 2016 after staffing costs and before factoring charges. Operating costs before wages are limited to c £1,000 per month underpinned by low premises costs and excellent management control.
REASON FOR SALE:
The vendor now wishes to concentrate on other interests and spend more time with her family.
The business is run by the vendor, who works three days a week, in conjunction with one very experienced member of staff, who will be happy to stay on for a transitional period following the sale.
The office premises are manned from 8.30am to 5.30pm Monday to Friday. An out of hours emergency telephone contact service is available to clients but usage of this facility tends to be restricted to occasional early morning calls principally during the working week.
BUSINESS PREMISES AND LEASE TERMS:
(all sizes are approximate & should be considered 'nominal'.)
The business operates from office premises forming part of a large industrial unit, the remainder of which is occupied by the landlord.
Located on a busy industrial estate with easy access to the A30 the offices are held under a 3 year rental agreement on easy in, easy out terms from 1 September 2015. Rent of £5,000 per annum is inclusive of all services and the premises may be vacated subject to the giving of 3 months’ notice.
The accommodation briefly comprises a main office/reception with two workstations, a separate interview room and an ancillary room/store room. Access is available to a conference room and WC facilities on a shared basis.
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.
The industrial unit is served by a private car park with plenty of room for staff and visitors.
ENERGY PERFORMANCE RATING:
Energy Performance Certificate No: 0030-7921-0304-4440-7080
Energy Performance Asset Rating: 77 Category D
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