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Recruitment Company for the Finance/Banking (F/B) and Industrial/Construction/Transport (I/C/T) Sectors

(Contract & Permanent)

Ref. CE224

Location : London

Asking Price : £210,000

Turnover : £480,000

Net Profit : £70,000

Gross Profit : Undeclared

EBITDA : Undeclared

Net Asset : Undeclared

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

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Asking price (F/B) OIRO: £110,000

Asking price (I/C/T) OIRO: £100,000

Business highlights include:

Turnover for last financial year (F/B) circa: £130,000
Adjusted Net Profits (F/B) circa £70,000
Turnover for last financial year (I/C/T) circa: £350,000

Senior management in place
Excellent reputation
Established, independent agency supplying temporary and permanent staff
Trained consultants
Significant candidate database
Extensive client database
Indian Banking Speciality (PSL’s)
Website

Business Profile

Established by the vendors in 2014, this business provides an independent recruitment service supplying temporary and permanent staffing solutions within multi-sectors across the UK. Sectors the agency serves include:

• Banking
• Finance
• Industrial
• Commercial
• Construction
• Transport
• Industrial

The company has a diverse range of customers. It’s weekly client base range from global banking brands, large multi-nationals, industrial firms, public sector Councils, facilities management companies and many more.

The activities of the business have a clear distinction and is why, while this is a single commercial entity, it is managed as two; firstly, Banking & Finance and secondly, Industry, Construction & Transport. The majority of placements in Banking & Finance are permanent with higher margins and Industry, Construction & Transport are temporary (contract) placements. It is believed by the vendor that with continued trading, this second aspect of the business is highly scaleable and will accumulate volume over time, with little investment required for managing this increase as it occurs.

The company has grown from strength to strength and benefits from an autonomous/ empowered environment employing dedicated staff and operating excellent in house quality management systems and so earned an enviable reputation for professionalism and quality.

Independence is a key contributing factor to the continued success of the business as this allows the flexibility to provide focus, speed and real commitment to clients needs. The company ensures that each individual candidate and client receives the same high degree of customer care.

The business aims to match candidates’ career aspirations to rewarding job positions, and by investing time and using an exhaustive pre-selective service they make sure only candidates that are well qualified and suited to each vacancy are put forward.

This business prides itself on providing the very best solutions to recruitment needs and has the contacts and the reputation to ensure a highly individualised, personal service.

Recruitment is very much a people business, providing advice and practical support to clients and this agency is expert in good all round matching and ensures clients receive a friendly, professional and courteous experience.

Technology:

The business invested significantly in cloud based CRM and industry specific administrative systems and processes that ensure the business is run efficiently and effectively.

The business also has an informative interactive website

Clients:

The company work with a wide range of clients that includes SME’s, large companies, both local and national organisations and PLC’s. It has some circa 60 clients, many of whom it invoices on a weekly basis. In each case, the company seeks to build a long-term relationships based on trust, reliability and support. The company staff invest time getting to know and understand a business in order to maximise any added value.

Customer Service:

This business is a popular firm supplying to regional and national companies and is committed to providing a tailored, individual one to one service for each client and candidate.

Key Strengths:

Since inception this business has recruited for clients large and small, including blue chip organisations. Consistent, sustained growth has been enjoyed, reflected by an increase in assignment volumes, in depth testing and evaluation of candidates, a readily available list of candidates for temporary and permanent work from a large database of potential employees.

Staff are a real asset. All staff are self-motivated and knowledgeable. The vendor has management staff who are responsible for day to day business activities with little or no intervention from the vendor.

This well established company is based in an excellent location with high passing footfall and a growing brand name that is constantly gaining new referrals and repeat business from major clients.

The business is growing, as is the economy it serves and it enjoys excellent profitability.

Equipment:

Office Furniture and equipment
Computers/back office systems/VOIP telephones

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

The business is financially stable and provides the vendor with excellent profitability.

Turnover for last financial year (F/B) circa: £130,000
Adjusted Net Profits (F/B) circa £70,000

Turnover for last financial year (I/C/T) circa: £300,000

The business is available as a whole or in the two parts: 1. Banking & Finance and 2. Industrial, Construction and Transport.

While currently Banking & Finance enjoys obvious profitability, the Industrial, Construction and Transport half of the business shows excellent prospects for scaleable growth and even greater levels of profitability.

Asking Price:

The combined Asking Price of £210,000 is for 100% of the issued share capital in the Limited company and is based on Net Assets upon completion of £50k as per the 2017 accounts.

Advertising and Marketing:

The company is highly credible and continually advertise through the most appropriate and successful mediums. The best form of advertising is "Recommendation". The business regards existing clients as their best advertisers, bearing testimony to the excellent reputation the business has earned since inception. The business has an informative web site. Advertising has also included utilising branded job boards, social media, internet, local events and sponsorship. A high percentage of the business’s revenue being due to strong word of mouth recommendation, bearing testimony to the excellent reputation it has throughout the industry.

Growth and Expansion:

The vendor has recently invested in back office systems and infrastructure to enable sustained growth over the coming years. There are a number of opportunities to increase turnover including the scaleability of its volume based contract/temporary activities, which has developed real traction and prospects.

The Banking & Finance sector is an area the business is particularly strong in and it has identified a niche market within this that represents significant growth opportunities moving forward. Primarily permanent in placements, there is an opportunity to develop high added value, contract placements in this valuable sector. The business’ strengths in this sector could transfer successfully to the large and profitable legal sector.

With a strong demand for services and a new capacity to increase turnover, a new owner would contribute fresh ideas and outside influence to build on an excellent base.

This business offers a tremendous opportunity for growth and expansion, with wonderful opportunities for the ambitious new owner or another agency wishing to expand their portfolio.

Premises:

The agency is ideally located in a busy town centre location. It occupies first floor serviced offices and has easy access. Annual rent is circa £7,500 p.a. The business enjoys 100% small business rates relief.

The business could easily be relocated if need be with minimum disruption.

Employees:

The vendor works intermittently in the business and manages a capable team of experienced consultants (2 full time) who run the business on a day to day level. The business also employs one part time administrator.

Support and Training:

The vendor will provide support and training at handover and would also be happy to provide remote assistance for a further period of time to be negotiated prior to the sale.

Reason for Sale:

The vendor has been offered new investment opportunities and believes that a new owner with more time to dedicate to the business, will benefit the business more greatly.

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

Turner Butler Disclosure Statement

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

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Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 25 7777
info@turnerbutler.co.uk
www.turnerbutler.co.uk