24-7 Staffing offers recruitment services tailored to client needs, including temporary, permanent, and contract staffing. They provide specialized solutions such as temporary adhoc placements, temp-to-perm transitions, contingent recruitment, and senior-level retained searches. Benefits include a dedicated account manager, payroll support, full compliance with legal standards, and tailored advice on hiring strategies. Their services aim to provide efficient, flexible, and cost-effective staffing solutions for businesses across Wiltshire, Bristol, and the South West.
Company Overview: 24-7 Staffing Ltd, established in the early 2000s, provides recruitment solutions across multiple sectors. With three strategic locations in Wiltshire, Bristol, and the South West, they have built a solid reputation for delivering temporary, permanent, and contract staffing services.
Financial Highlights (Year End 2023):
Turnover: £5,054,318
Adjusted Profit: £485,939
Reason for Sale: The owners are seeking to retire, offering a unique acquisition opportunity with significant growth potential, making it ideal for integration into an existing operation.
Growth Potential: There is considerable scope to expand the client base, enhance service offerings, and increase market share.
Executive Summary:
This established recruitment company, operating since the early 2000s, is now available for acquisition due to the owners' retirement plans. With a strong market presence and three strategically located branches in Wiltshire, Bristol, and the South West, the company provides temporary, permanent, and contract staffing services. It boasts a stable financial position with a turnover of £5,054,318 for the year ending 2023 and an adjusted profit of £485,939.
Business Overview:
Sector: Recruitment and staffing services
Locations: Three sites across Wiltshire, Bristol, and the South West
Established: Early 2000s
Business Model: Specialises in offering temporary, permanent, and contract staffing solutions for various sectors. The company has built long-term relationships with its clients and is known for delivering high-quality services that cater to diverse workforce needs.
Financial Summary:
Turnover (2023): £5,054,318
Adjusted Profit (2023): £485,939
Profit Margins: The company operates with a solid profit margin, reflecting efficient management and cost control across its operations.
Reason for Sale:
The sale of this business is driven by the owners' retirement plans. There is no external pressure for the sale, providing the buyer with a stable and well-run enterprise.
Growth Opportunities:
Despite the company’s already impressive turnover and profitability, there is vast potential for further expansion. Opportunities for growth include:
Geographical Expansion: Increasing the company’s reach beyond its current locations in Wiltshire, Bristol, and the South West.
Diversifying Services: Expanding into new sectors or developing new offerings such as executive recruitment or sector-specific staffing.
Digital Transformation: Leveraging recruitment technology platforms and tools to streamline operations and improve client and candidate engagement.
Client Base and Services:
The company has a strong client base across various sectors, including but not limited to:
Industrial and manufacturing
Office and administrative
Healthcare
Logistics and transportation
The business has fostered long-term relationships with clients who trust them to meet their staffing needs with precision and efficiency.
Competitive Advantage:
Experienced Team: A skilled workforce that ensures smooth operations across all recruitment processes.
Reputation: An excellent reputation in the local market with a high level of client satisfaction and repeat business.
Tailored Solutions: The company offers customised recruitment solutions, enhancing client loyalty and engagement.
Future Prospects:
The recruitment industry remains resilient, even in fluctuating economic climates. With the proper investment in marketing, technology, and service diversification, the company is poised for significant growth, making it an ideal acquisition for an existing recruitment business or an investor looking to enter the recruitment sector.
It is a great time to buy a recruitment business due to several factors:
Increased Demand for Staffing: As economies recover and companies expand, the demand for skilled labor is growing, creating opportunities for recruitment firms.
Talent Shortages: Many industries face talent shortages, positioning recruitment firms as key partners in sourcing hard-to-find candidates.
Technology Integration: Digital tools and AI-driven recruitment platforms are improving efficiency, allowing businesses to scale quickly.
Resilience in Economic Downturns: Recruitment businesses often thrive during both economic booms (for expansion hiring) and downturns (temporary staffing solutions).
Acquiring a recruitment business can provide immediate revenue streams and strong growth potential
| Turnover (£'000) | Adjusted EBITDA (£'000) | |
|---|---|---|
| 2023 (Actual) | 5,054 | 486 |
| 2024 (Actual) | 4,669 | 158 |
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