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Deal Opportunities.co.uk

the UK marketplace for company sales

Recruitment

Reference
S6375
Turnover
£1m to £2m
Sector(s)
Recruitment
Region(s)
UK Wide
Added
05 August 2019

Business description

The business is reputable and has built a trusted brand. They operate from a leasehold base in the South-East Midlands, specialising in the supply of staff into diverse sectors both locally and nationally.

The company is ripe for a new owner to maximize the fantastic opportunities for growth available within the industry. The current owner would be prepared to support any reasonable request for support to aid a smooth transition.

Highlights

  • The company benefits from a strong team of specialist consultants with industry experience offering a 360 degree service together with being a top tier supplier to leading industry firms.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2016 (Actual) 1,405 221
2017 (Actual) 1,330 242
2018 (Actual) 1,033 261
2019 (Actual) 1,065 252

  • Turnover fluctuates according to the mix between temporary and permanent placements.
  • The business has a track record of consistent profitability.
  • Cash generative and debt free with a healthy balance sheet.
  • Controlled and managed overhead expenditure.


Opportunities

  • Long standing clients and candidates with strong relationships with the team.
  • Good processes in place included a specialist end to end recruitment solutions software.
  • Fantastic bolt on opportunity for a business already operating in the same space, looking to diversify or gain a larger percentage of the market.

Prospective purchasers

  • The business would suit other recruitment businesses that operate within a similar sector.
  • Large corporations seeking representation in the geographical area in which Virgam operates.
  • Private Equity firms with core investments in recruitment.

Reason for sale

Genuine sale to seek other interests.

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