Respected and Renowned Independent Recruitment Agency
Ref.CE088 Location MidlandsAsking Price £1,300,000Confidential 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:
Member of the REC (Recruitment & Employment Confederation)
Well-established and highly profitable recruitment agency
Well known, long term blue chip client relationships
Unlimited growth potential to expand nationally
Turnover Circa £2.4 Million per annum
Excellent high street premises
Fully Computerised
Low overheads | Business profile: | The company was established in December 1991 by vendor and has through the years, developed into a highly profitable recruitment business, currently run by the vendor however operational procedures and staff structure allow the business to be run entirely by management and as a result the business has consistently earned its excellent reputation for the quality of its service and reliability.
The vendor’s experience in recruitment extends back to the late 70's and the vendor’s strongly held belief that excellent levels of service brings success permeates throughout their staff, resulting in a remarkably dedicated team of hard working, friendly and ethical recruitment professionals.
The business is regarded as one of the East Midlands and East Anglia regions leading employment agencies maintaining two busy offices, each in Nottingham and Peterborough covering vacancies in a geographical area, that encompasses the counties of Nottinghamshire, Leicestershire, Derbyshire, Lincolnshire and Cambridgeshire.
The client base range from large PLCs to small family run businesses and includes a division that specialises in public sector recruitment. Each branch is divided into separate divisions specialising in individual market sectors. This means that dedicated recruiters are able to keep fully abreast of industry trends and offer a genuinely knowledgeable service to candidates and employers.
Aspects relating to salary expectations, interview presentations, post interview feedback and notice period counseling are all an integral part of the business’s rigorous procedures ensuring that a candidates CV will never be sent without full knowledge and approval therefore employers only spend their time reading details from genuinely interested candidates.
Each branch is divided into separate divisions specialising in individual market sectors. Our dedicated recruiters are able to keep abreast of local market trends and have expertise in their given fields, hence they are able to provide advice to both candidate and clients alike on the procedures involved in the recruitment process.
Under its founder the business has always advocated a simple, personal, hands-on and friendly approach for the supply of key personnel to industry, this successful and proven philosophy has been maintained throughout the many years of the business’s growth, making sure to match the right person to the right job.
The business has the procedures and organizational capabilities and resources to provide services at any location throughout the world and once informed of a client's requirements, will make all arrangements for mobilisation and accommodations where required, thereby relieving the client of this responsibility and thus liberated is free to concentrate on operational matters.
The bureau provides a prompt and efficient service, including regular monitoring and service-assessment. All applicants are registered and interviewed personally in the strictest confidence and makes sure that all references are diligently pursued and thoroughly checked.
The business is further supported by a growing reputation among professional 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.
The company has been fully computerised for a number of years and is fully supported, both with regard to hardware and software. A Sage accounting package is utilised for keeping the company's accounting records. The company’s accountants prepare management accounts and annual accounts for the business.
Key Strengths:
The company aims always to provide the most prompt and efficient service consistent with industry practices and has an excellent reputation for speedy service.
The modern computer system has a large database for search and selection processes. 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.
Growth and Expansion:
This business offers a tremendous opportunity for growth and expansion, with wonderful opportunities in the up-turning market. The business has a very good IT system and operates a Sage accounting system. It is believed that the business can be taken forward either as the independent operator, which it has always been, or within a more diversified group expanded globally, using its considerable name and reputation.
With its excellent reputation and professional approach in place, coupled with additional marketing and advertising, the company has the potential of being a highly expandable business.
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.
Competition:>
This company operates well as an independent. It has established an excellent reputation for superior candidates and service. It has not ignored market trends, and maintains a good awareness of potential competitor threats. The company believes that it has maintained its position in the market, due to the complete personal service, which it has been able to offer.
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.
As members of The Recruitment & Employment Confederation and with ISO9002 accreditation proves to both clients and candidates that the business can meet the toughest of standards and the most stringent of criteria. | Premises:
Both premises are leasehold with 6 years and 3 years remaining and at annual rents of £22,000 and £6,000. The premises comprise offices and meeting rooms and are equipped with security, which includes CCTV, alarm systems and quality safes.
The premises locations are an additional success factor. Operating from leasehold premises in two Midland’s locations, they comprise of high profile high street retail frontage. They are located in areas of high visibility with high footfall and a large degree of passing vehicular and pedestrian traffic, attracting both clients and prospective employees to the offices. | <>Advertising and Marketing:
Advertising costs have been kept to a minimum due to the quality of the company's name and reputation combined with a direct sales team.
The business benefits from an attractive and comprehensive website detailing candidates details and business services, including a full listing and search function. The website has been created to have a presence that achieves results, new clients and more business.
The Company is highly credible and advertises through the most appropriate and successful medium of trade awareness. Advertising in the window space also ensures the business is perfectly marketed. One of the best forms 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 with no borrowings and has shown consistent strong growth in profits.
The accounts available show a turnover of approximately of £2.4 Million per annum with a gross profit in excess of £800,000.
The success of the company over the last 15 years is evident from its continual healthy levels of turnover and profits. The high standard of service and clientele enables the company to maintain higher fees than is average in the industry. | Personnel and Management:
The business employs a total of 23 staff including 11 consultants and 12 support staff. Consultants as senior managers have been with the company for many years and have a high level of experience in employment practice and the requirements of clients.
Business Hours:
Monday – Friday:---8:30am – 6:00pm | Support and Training:
Full support and training will be provided for a suitable period of time to be negotiated at the time of sale. | Reason for Sale:
The vendor’s decision to sell the business has resulted from largely personal factors, with a desire to capitalise on the value created over the last 15 years and to release time to pursue other un related interests. | | 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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