Recruitment in /HGV logistics/Construction/M&E sectors

Reference

S12214

Turnover

£2m to £5m

Sector(s)

Business services, Recruitment, Service industries

Region(s)

East of England, East Midlands, South East England, West Midlands

Added

06 January 2025

Business description

Established approximately 5 years ago, the company is a highly regarded recruitment agency based in the East of England. The company serves the HGV logistics, construction, mechanical and electrical services (M&E), and criminal justice sectors, offering permanent and temporary staffing solutions, alongside driver training programmes.

The company’s services cater to a wide range of roles within its core sectors. These include construction trades such as bricklaying, carpentry, machine operation, and groundworks, as well as specialised M&E positions like pipe fitting, TIG welding, and site management.

Underpinned by a strong brand identity, the company has achieved a competitive standing in the regional HGV logistics and construction market with its 24/7 service availability and the strong sector knowledge brought by its management team.

Over its short history, the company has built a robust client base, with 24 active clients on its driving desk and 12 active clients on its construction desk, representing a good distribution of risk. Its three largest clients contributed ~37% to annual revenue in the latest financial year.

Under the founder’s stewardship, the company has evolved into one of the fastest-growing companies in the area. The company has recorded an outturn of £4.56m for 2025– a 71% increase from 2024.

Highlights

• Significant year-over-year revenue growth, with an outturn of £4.56m for 2025, up from £2.66m in 2024;
• Competitive standing in the market, with 24/7 service availability and strong institutional knowledge; 
• Strong processes, with up-to-date candidate databases, screening systems, booking systems, two-way SMS communications, and electronic time sheets;
• ISO 9001:2015 and ISO 14001:2015 accredited, ensuring high-quality service standards;
• Several credible growth opportunities, including geographic expansion into Essex, London, Cambridgeshire, the Midlands, as well as many other locations, and a renewed focus on growing the construction division.

Financials

	Turnover (£'000)	Adjusted EBITDA (£'000)
2023 (Actual)	2,137,640	187,154
2024 (Actual)	2,662,610	145,960
2025 (Actual)	4,560,440	316,145

Opportunities

• New management could work to scale the company’s construction desk to achieve parity with the HGV logistics desk – a promising area for targeted efforts given the construction industry’s forecasted growth of 2.5% in 2025 and 3.8% in 2026.
• They could also work to expand geographically into untapped markets in neighbouring Essex, London, Cambridgeshire and the Midlands. The Midlands in particular promises to be a strong growth area.

Prospective purchasers

• 100% share capital.
• Leasehold premises available, pending agreement. 
• Interested parties will be required to sign an NDA.

Reason for sale

The shareholders would like to see the company grow under the stewardship of a larger organisation. One of the shareholders is very keen to continue in the newly merged entity in an employed capacity.