One of the leading technical and engineering recruitment consultancies in the UK
Ref.CE099 Location Re LocatableAsking Price £250,000Confidential 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:
Turnover for the financial year ending 2005: £2,860,000
Gross profits of approximately £224,200
Many years of successful operations
A well-established and profitable recruitment agency
Presence in the Oil, Gas, Utilities and Technical engineering sectors
Loyal Client base of worldwide blue chip companies
Global technical and engineering staffing specialists
Contract and permanent technical staff placements
Excellent First Tier Client relationships
Excellent growth opportunities
Training and handover
15,000 candidate base
Easily relocatable
ISO 9001/2000
REC member
Advertising
Goodwill
Website | Business profile: | Founded in August 1979, this business is well established as one of the leading technical and engineering recruitment consultancies in the UK, supplying professional engineers, technicians, designers and specialist staff across a range of technical and engineering sectors not only in the UK but throughout the world.
Concentrating primarily on the contract sector – which generates approximately 95% of its almost £3m annual turnover, this business has a deserved reputation for the quality and excellence of its selective recruitment service, offering its candidates and clients alike the most comprehensive, flexible and cost effective recruitment solution. It clearly understands recruitment is about people and that its success depends on the quality of the candidates supplied. Focusing on management and design functions rather than site based staff this business supplies specialist staff within the Building Services, Construction, Chemical, Exploration, Oil & Gas, Petrochemical, Pharmaceutical, Power Generation, Railway, Transportation and Water Treatment industries.
With such a high level of service provision it is not surprising that this business has built an extensive and wide ranging base of loyal Clients and candidates. Its Client list reads like a veritable ‘Who’s Who’ of the technical and engineering sectors. It has grown steadily over the years due to its ability to provide blue chip clients with a high level of service and superior quality applicants – carefully selected from a database of over 16,000 registered candidates with a combination of a database of 11,000 and 5,000 + filed CV’s.
This business only supplies candidates it knows will succeed in a given position. Time is invested getting to know clients, which ensures that correctly qualified candidates are matched with projects suitable to their skill sets. Many candidates have been with the company for a number of years and have fulfilled a considerable number of placements. Both candidates and clients benefit from the excellent management systems in place which meet the requirements of ISO 9001/2000.
This is a small team of experienced professionals. The business provides a straightforward and high quality service that is adaptable to suit the individual needs of clients at cost effective rates. With turnover of £2.86m generating a gross profit of £224,000 this represents a significant opportunity to acquire one of the leading technical and engineering recruitment consultancies in the UK.
Key strengths:
This is a very well known and well established business within its operating sector. Its Client base is a varied collection of established high quality businesses - many operating on a worldwide stage - regularly using this company’s services. It has an excellent candidate base – a collection of over 15,000 very talented and highly skilled individuals. The key to its success is its ability to provide a complete portfolio of recruitment and employment services for the technical sectors, whether this is the search for one or many talented individuals to join a professional workforce. Its performance is significantly enhanced by its website which is an excellent tool for promoting the business and for very effective advertising of its vacancies – large volumes of which are generated by linking in with the in-house HR databases of its loyal Client base.
Despite working on fees slightly below the average within the sector, this business has generated a profit in almost every year of its operation.
By remaining small and independently run, the business delivers an efficient and personalised service. It is ISO 9001/2000 accredited and a member of the Recruitment & Employment Confederation. It enjoys strong word of mouth recommendations, testimony to the high esteem with which this business is held within the industry.
Key opportunities:
This market has seen a significant upturn in companies outsourcing staff for short and long term technical projects. With a strong demand for services and capacity to increase turnover, a new owner contributing fresh ideas, drive, enthusiasm and outside influence will have every advantage of building on an excellent base.
With its current resources this business is working at full capacity – frequently receiving details of vacancies to which it is currently unable to respond. Additional manpower – one, perhaps two more Recruitment Consultants, for example would enable this business to significantly increase its throughput with a consequent impact on turnover and profitability. Similarly it is only in recent months that this business has promoted its website. With many of the Clients of this business keen to link their in-house HR databases with that of this business, the extension of this policy further by additional Clients will enable this business to add significantly more vacancies and opportunities to increase profitability accordingly.
| Premises:
This business currently operates from premises purchased some time ago by the current Owners – a two storey Victorian end terrace property, part of a prominent parade of shops, situated in one of Surrey’s major towns. The business operates within 52 square metres of the first floor, with a separate entrance.
The freehold which was bought by the current Owners of the business is in the process of being sold, however, the business is easily re-locatable anywhere in the UK and could successfully operate from either a home base or High Street premises. | <>Advertising and marketing:
The business views existing clients as their best advertisers and benefits from the most effective form of marketing word of mouth recommendation.
This business has a very well designed, informative and easy to navigate website that performs very well in all of the major search engines for all appropriate search terms. This activity is supported by advertising in specialist magazines, newspapers etc.
With the increasing use of IT and in particular e-mail to advise of the availability of vacancies, most of the activity of this business is conducted remotely – requiring very few Client visits. | | | Financial profile: |
The business is being 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.
Turnover for the financial year ending January 2006 was £2.86m generating Gross profits of £224,200. | Employees:
The Managing Director and Owner is responsible for the day-to-day operation of the business supported by one Recruitment Consultant and an Administrator. | Support and training:
The owner will provide full business familiarisation and training to ensure a smooth transfer of the business to new Owners. | Reason for sale:
The current Owner wishes to move abroad. | | 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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