business for sale

Specialist Recruitment Company for Fully Qualified Social Workers

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Sale Memorandum

Specialist Recruitment Company for Fully Qualified Social Workers


Ref.CE101

Location Lancashire

Asking Price £240,000

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
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Asking price includes:

Annual Turnover circa £800,000
Firmly established in social care and healthcare sectors
Diverse, established and loyal base of high profile public sector clients nationwide
Excellent reputation for honesty, reliability and integrity
Very high client retention rates
Permanent and temporary placements
Excellent growth opportunities
Complete turnkey operation
High calibre, quality staff with superb social skills
Large candidate and client base
Training and handover
Interactive website
Advertising
Goodwill
Finance available to buy this business
subject to status
All regulated business is passed to independent financial advisors who are regulated by the FSA

Business profile:

The profile of the business is second to none in the industry due to its unique and comprehensive approach to fulfilling both client and candidate requirements consistently and effectively. Because of this the business can boast its enviable position of being the country’s premier recruitment, employment and networking agency for fully qualified social workers, providing clients with the services of fully vetted social workers, managers and professionals throughout the UK.

The business was founded not only to provide a method of ensuring successful and suitable candidate placement to those clients in need but also to bring about change in the UK’s attitudes towards social workers and healthcare professionals, and to give this crucial area of work the recognition it deserves. This approach and company ethos is reflected through the staff it employs with the team striving to constantly improve the reputation and
status of social workers and healthcare professionals in the workplace.

The company is active in several sectors of the social and healthcare market and offers many added value support services devised specifically by the business to meet the specific needs of its clients. Its client list is extensive including being the preferred supplier for many Local Authorities throughout the UK.

The foundation of this business surrounds the provision of outstanding care and service to its clients and candidates, providing top quality personnel to help fill permanent vacancies as well as temporary cover for staff shortfalls and fluctuating workloads.

The business has an excellent reputation built not only upon its track record in providing experienced and high quality personnel but also on the responsive, individual service enjoyed by each and every client. The business is further supported by a growing reputation among candidates seeking new opportunities - generating an ever increasing candidate bank which has helped to ensure that client service is never compromised and that they are never let down. This thorough and personal approach further provides candidates with career advice and planning so as to ensure their interests are looked after as they build a fulfilling career in social work.
This quality is demonstrated still further with the careful screening of candidates - every candidate registered will have been personally interviewed by a member of staff -this underpins the reputation this business has for providing only the best calibre staff. It also ensures the correct placements for all parties are achieved at first time of asking.

With turnover for the current financial year set to reach £800,000 , and many existing contracts still with several years to run this business represents an excellent opportunity to acquire a fast growing and very reputable specialist employment agency in the social and healthcare sector.

Customer Service:

Customer service is key and this can be demonstrated in the fact that many of the clients and candidates have forged very strong relationships with the staff and are comfortable speaking with them in confidence. It is further supported by the exceptionally high retention rates of both clients and candidates. The company also boasts a first class financial team who ensure all necessary financial provisions are made.

Key Strengths:

The company’s strengths are the people associated with it- that is the staff and its candidates. The management fully understand that the company’s reputation is based on the quality of the placements it provides and to this end work tirelessly with clients and candidates to ensure they are completely satisfied with the services.

This understanding of the marketplace, its clients and perhaps more importantly the individuals its candidates provide services for means that the company can monitor and assess its own performance to ensure continued success.
By maintaining and improving the business’s position within the industry and keeping up with the latest trends in the sectors in which it operates, through its very strenuous registration and interview process it is able to select only the candidates with the requisite skills and experience that it knows will result in them being a success in the field, generating high levels of client satisfaction, repeat business and regular placements which in turn attract further high calibre candidates etc.

This business has an enviable list of public sector clients and this is expected to continue growing in line with the company’s performance.

Key Opportunities:

There is an outstanding opportunity to build on the existing services and customer base of this company, not to mention its excellent and growing reputation. With a strong demand for services and an increase in large public sector clients the company is well positioned for future growth and profitability. Additional investment in resource (namely personnel) would reap returns in increased turnover and revenue.
Premises:

The business currently operates from the first floor of a multi-occupancy office building comprising 350 square feet of open office plus an Interview Room. The rent is £4800 p.a. agreed on a yearly basis. The offices are very high profile and in the town centre and half all the services you would expect from a modern commercial centre. Parking is available.

Business Hours:

Monday – Friday 08.00- 18.00

Security:

Building has full security alarms and CCTV. It also has security guards present at the reception and gatehouse 24 hours a day 7 days a week.
Advertising and Marketing:

The business has used relevant advertising in the past choosing well known titles read by the relevant professionals (E.g. Community Care Magazine). It also has a company brochure and attends many of the recruitment fairs specific to the industry. The company also boasts an excellent interactive website with an extensive job search facility and links to client websites. A high proportion of the business's revenue however has been due to its excellent reputation for quality and service and strong word of mouth recommendation.
Financial profile:
The business is offered for sale as a going concern. 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 low overheads. Projected turnover for the current financial year is set to hit £800,000 and the vendor feels that a new owner with new ideas and with a small investment could dramatically increase its revenues by fully exploiting the opportunities available.
Employees:

As well as the Owner who works on a part time basis, the business currently employs a Recruitment Manager supported by a Branch Administration Officer, both full time. The financial function(payroll etc) is run by 2 people, each working 10 hours a week on a self-employed basis.
Support and Training:

The current owner will provide all necessary training and all relevant contacts to ensure a smooth transfer of the business.
Reason for Sale:

Personal reasons.
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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