Independent Recruitment Company supplying Driving, Industrial & Commercial Staff
Ref.CE102 Location Yorkshire,West YorkshireAsking Price £1,200,000Confidential offered for sale
Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA | |
Asking price includes:
T/O £1.5-£2 Million
Well established, independent agency supplying temporary and permanent staff
All candidates are interviewed and referenced checked
A careful, selective service for candidates
Trained consultants (REC Qualified)
Established candidate database
Office furniture and equipment
Prime City Centre location
Extensive client database
Superb profit margins
Training and handover
Excellent reputation
Goodwill | Business profile: | Established in 1999 by the current vendors, this business provides an independent local recruitment service supplying permanent and temporary driving , industrial and commercial staff to local businesses in West Yorkshire.
The Company has grown from strength to strength from an autonomous/ empowered environment employing dedicated staff and operating excellent in house quality management systems. It has earned an enviable reputation for professionalism and quality.
Independence is a key contributing factor to the continued success of the business. It allows the flexibility to provide focus, speed and real commitment to clients needs. The company service charter 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 are able to 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
Administrative systems and processes have been implemented alongside the use of modern extensive IT systems resulting in an easily managed and efficient business environment.
Local network with eight pc’s
Windows Office 2003
Specialist candidate software to test commercial and office skills
Act database
Sage accounts
Sage payroll
Broadband
Website
Clients:
The Company work with a wide range of clients that includes SME’s, Large Companies, Local Authorities, Government Bodies and the Health Sector. 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 local firm supplying to local companies and is committed to providing a tailored, individual one to one service for each client and candidate. With a 24 hr call out / contact service, and an available list of fully screened candidates the business maximises efficiency for its clients.
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 am increase in assignment volumes, in depth testing and evaluation of candidates, a readily available list of candidates for temporary work from a large database of potential employees.
This established recruitment company is based in a Central City Location with high passing footfall and invests in high profile advertising, constantly gaining new referrals and repeat business from major clients.
Growth and Expansion:
There are a number of opportunities to increase turnover. The business would benefit from further development of the client base and increased customer numbers. Targeting new markets or expanding to offices in new locations.
With a strong demand for services and 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.
Equipment:
Office Furniture
Computers
Fax/photocopier/telephones
Mitsubishi Warrior
Mercedes CLR Convertible
Alfa Romeo GT
Mercedes C220 CDI (financed)
Seat Ibiza (financed) | Premises:
The reputation of this agency has been responsible for high levels of business and is a very popular resource with current and potential major clients. The 2nd floor serviced office is fully equipped and approximately 1,000 sq ft.
The premises are leasehold with seven years remaining, rent is currently £7,000 per annum, and service charge £2,500 per annum. The current lease expires in June 06 with a three-month break clause. | <>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 a professional informative web site that has performed well, with tangible and profitable business being forthcoming, the website has the facility for the candidate to register on line and submit a C.V. Advertising has also included yellow pages, local press, trade shows, exhibitions, Thompson Directory, direct mail, leaflets and brochures and telesales. 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. | | | Financial profile: | 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 with consistent high gross and high net profit. The current turnover is in excess of £1.5 Million per annum with a gross profit of circa £478,000 and Gross profit margin of 32%. | Employees:
2 x Directors
2 x Managers
2 x Consultants
2 Administrators | Support and Training:
The vendors will provide support and training for a period of time to be negotiated prior to the sale | Reason for Sale:
Lifestyle choice | | 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. Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision. Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information. This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts Turner & Co (GB) Limited registered in England and Wales under company no. 2477988 of registered office Savoy House Savoy Circus London W3 7DA, trading as Turner Butler © Shaun Sweeney October 2006 |
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