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Multi-sector recruitment

Reference
S11843
Turnover
£10m to £25m
Sector(s)
Recruitment, Service industries
Region(s)
South East England, South West England
Added
30 July 2024

Business description

Project Avery is an expert in placing blue-collar workers, providing scalable

temporary workforce management, Master Vendor, contract and permanent
recruitment solutions in Southern England.
The company’s esteemed operational excellence and high-calibre candidates are facilitated through a thorough worker registration process, 24/7 contact support and detailed written candidate profiles.
The business has built up a loyal client network across the manufacturing,
industrial, food production, health and social care sectors, including blue-chip and growing entities retained on sole supplier / Master Vendor agreements.
Our clients are now offering the company for sale to realise the assured value of the existing business and facilitate eventual retirement plans. Offers invited.

Highlights

  • Operates to ISO 9001:2015 certification standards. Audited by Investors in
    People and the REC. 
  • Multifaceted candidate engagement achieved through digital presence, in-person events and inbound enquiries. 
  • Considerable scope to advance its sector remit to include the renewable energy, logistics and supply chain, and IT markets. 
  • Robust management succession and exceptional staff retention rates, presenting a strong turnkey opportunity. 
  • Shareholder willing to remain operational, post-sale. 
  • Operates from three centralised leasehold offices, one of which retains space for additional employees to support ongoing expansion. 
  • Ideally placed to integrate evolving technologies into its activities, including AI to advance productivity.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2020 (Actual) 16,525 593
2021 (Actual) 13,939 254
2022 (Actual) 14,638 482
2023 (Actual) 18,782 977
2024 (Actual) 20,170 971
  • Generated a YE23 turnover of £18.7m, with an adjusted EBITDA of £977k.
    YE24 management figures show a turnover of £20m. 
  • YE25 budget adjusted EBITDA in excess of £975k A Numerous service-level agreements generate at least £30k gross profit per client. 
  • Vast majority of clients reappoint the business for ongoing recruitment requirements; some key relationships span over 15 years. 
  • Two lucrative prospective clients with projects that are due to commence during summer 2024, generating in excess of £650k combined. 
  • 50% of income derives from the buoyant manufacturing and industrial sectors.

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