business for sale

Regional Industrial Recruitment Company

Businesses for Sale

Sale Memorandum

Regional Industrial Recruitment Company


Ref.CE074

Location Oxfordshire

Asking Price £1,600,000

Confidential 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:

Member of the REC (Recruitment & Employment Confederation)

Well-established and highly profitable recruitment agency

Highly attractive, complete turnkey business opportunity

Robust and long term client relationships

Excellent high street premises

Unlimited growth potential to expand nationally

Turnover Circa £2 Million per annum

Low overheads

Business profile:

This business was founded in 1997 by the Vendors with a generous combination of innovative insight and entrepreneurial spirit and has grown since to become a significant enterprise with a reputation for the quality of its service and reliability.
The business operates from a prime location in Oxfordshire and specialises in providing recruitment services to clients which include large and small industrial organisations covering the service areas of factory, warehouse and logistics personnel. These positions are recruited for temporary and permanent placement but 90% of current operations is concerned with temporary personnel. The business has capacity for managing the increasing volume of permanent placements.
The business has shown itself to be resilient in the face of competitive and economic forces, as such times have occurred in its history with significant events in the regional economy accounting for short term, lost market share. The business has responded to these events by growing and consolidating new markets and revenue streams building back to previous turnover levels.
The vendors have invested considerably from the outset of business operations, in the corporate identity of the brand; which at first differentiated the business from its competitors but since has become a recognised brand with a considerable reputation for quality and service that exists outside of the vendor’s own personal reputations and with which the business was first established. This brand represents an opportunity which could be developed into a wider regional or national growth strategy.
The business is further supported by a growing reputation among professionals as candidates seeking new opportunities; which has helped to ensure that client expectation is never compromised and that they are never let down. This commitment to representing only the highest calibre candidates to clients has underpinned this business’s abilities in service quality and business growth.

Customer Service

The business manages many key accounts and does so, on a placement by placement or needs basis. The success of the business is founded upon its history of satisfying client needs sometimes in extraordinary and rapid circumstances.
When recruiting either temporary or permanent employees for a company, a specialist consultant will strive to visit the place of work, thus making it easier to understand the client’s requirements. Each consultant has been recruited for their own area of expertise, covering all service areas.

As members of The Recruitment & Employment Confederation this proves to both clients and candidates that the business can meet the toughest of standards and the most stringent of criteria.

Key Strengths:

This consultancy operates from a highly visible high street location with good footfall and regular passing enquiries.

The agency has a large database for search and selection processes, and has an excellent reputation for speedy service. Fully computerised the business had developed strong strategic assets in one client. The business has an excellent reputation for niche expertise and a specialist quality service, constantly gaining new referrals and repeat business. Very performance orientated the agency operates with extremely lucrative margins.

The reputation of this agency has been responsible for high levels of business and is a very popular resource with its database of clients.

The success of this business’s client relationships is characterised by their use often as an offsite HR department.

Key Opportunities:

This business offers a tremendous opportunity for growth and expansion, with wonderful opportunities in the up-turning market. The Company has a very strong base/history from which to develop further business and has an established market place. With constant demand for services further investment in recruiting more personnel would boost the consultancy services within the Company and lead to increased turnover.
Premises:

The offices are on two upper floors, the first being open plan and approximately 500 square feet and the second also approximately 500 square feet and comprising two offices/meeting rooms with a kitchen area and private toilet facilities. The premises are on a short flexible lease with 18 months remaining on a renewable agreement.

The rent is £10,000 per annum with rates of £3,000 payable.
Advertising and Marketing:

The Company is highly credible and continually advertise through the most appropriate and successful medium of trade awareness. 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.
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 and operates with low overheads with consistent strong growth in profits. The current turnover is circa £2 Million with a net profit of circa £280,000.
Employees:

The business employs:
2x Company Directors
2x Industrial (Temp) Consultants
1x Commercial Consultant (Temp & Perm)
2x Part Time payroll & admin staff
1x Utility staff
Reason for Sale:

After establishing this business successfully the vendors wish to “try something new”.

The vendors are happy to provide full training for the new owner and will ensure the successful purchaser is fully conversant with the operation of the business in order to continue its success.
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

Next steps

If you are interested in finding out more about this business please:

  1. Click here to generate the Confidentiality agreement with your details
  2. Print the confidentiality agreement
  3. Sign the confidentiality agreement and fax each page of the document to 0870 432 3611
  4. We will contact you and put you in touch with the seller of the business.

[back to businesses for sale] [return to top]