Business for sale

Business description

Established in 2002 by the current Owner following an extensive career in recruitment, mainly in the financial services and Banking sectors, this successful recruitment agency provides high calibre permanent and contract staff for a wide range of industries in the office and administration, executive, financial and accountancy sectors – but is perhaps best known for recruiting sales and marketing personnel.
Built on the knowledge and expertise developed throughout the Owner’s career in recruitment, this business was set up to provide an honest, straightforward and above all high quality service. The company goes out of its way to understand its Client’s requirements, proposing only the most suitably qualified candidates and provides the highest quality of service at cost effective rates. It has an excellent reputation particularly in London and the Home Counties for consistently supplying reliable and competent staff. As a result, this business very rarely comes away from an introductory meeting with a Client without some kind of a brief, and once on board, Clients rarely leave this business. Not surprisingly this business can boast an extensive and loyal Client base, working as a Tier 1 supplier for several of its Clients, with some having been Clients from Day One. It is estimated that the business has a live Client base of approximately 250 companies – businesses that are almost certain to provide vacancies on a regular basis with between 80 and 100 deemed regular users – to which invoices are frequently sent as a result of placing one or more candidates. At any one point in the month they are working on 30+ vacancies.
Following minimal trading in its early stages of development the business has grown to a level where turnover for the financial year ending December 2010 was approximately £345,000 generating gross profits slightly in excess of £ 320,000 with pre-tax net profits of £167,000 after Directors remunerations of £12,000. As such, this represents an excellent opportunity to acquire a well established business with a fantastic opportunity for growth within the temporary market. 2011 will see approx perm revenues in excess of £300K again but the opportunity lies within the expansion of temporary business as they currently have the opportunity to cover temps with existing clients, but choose not to. One major Finance institution has offered some major temporary business which will transfer with the business. It is expected that this extra revenue would push turnover to in excess of £1 Million within the year.