Birmingham Based It Recruitment Consultancy For Sale

Business description

Located within a large conurbation in the Birmingham area our client is a highly successful IT recruitment consultancy, committed to the application of best practice techniques for the selection and matching of highly skilled and experienced IT professionals. Incorporated in the year 2000 they work in close partnership with a client base that includes all areas of England & Wales and comprises numerous software houses, large scale IT end-users and IT services companies. They provide the highest standards of service to both their SME clients and their clients who are FTSE 100/AIM quoted.

The company supplies both permanent and contract staff within the IT environment. The sectors supplied to are Software Development, Internet Development/Design, Project Management, Business and Systems Analysis, Testing, Infrastructure and Technical Support and RDBMS.

The business is run by two fully committed hands-on Directors supported by a small support team. This business is extremely profitable, professionally run with a high level of expertise and an exemplary reputation with its clients and candidates alike. This is a highly profitable business that is ideal for further development. The Directors wish to remain with the business post sale and seek to align themselves with a major IT/Technical based recruitment organisation so that they can further develop this exciting business.

We calculate that the sustainable profitability of the business is in excess of £420,000 per annum. Net assets in the form of cash and debtors list amounts to approximately £600,000.

Property information

Premises details:

This company occupies a 3 storey premises which they own. It is situated close to all motorway links, airports and rail connections. These offices are part of a select gated development of office and residential development granting them the right to operate as an office and/or a residence. This is an attractive building of approximately 1500 square feet that is fully equipped with room to expand to approximately 8 people. There is adequate secure parking onsite and offsite.

Business Operation

Expansion potential:

A buyer purchasing this business would gain 2 highly successfully and credible IT recruiters, who would be pleased to train, motivate and nurture an expanding team in their existing offices. Their client list is very extensive which will allow a bigger team to expand the business rapidly. The contract side of their business has enormous potential to grow. The Directors could imagine the operations side of the recruitment process being relocated elsewhere whilst they continue to act as business developers visiting clients and generating new business.

Reasons for selling:

The Directors of this business have developed a highly successful brand of IT recruitment company that has a low cost support operation. This has made the business highly profitable which in turn has provided the resources and expertise to further develop the business. However the Directors have always been cautious and now wish to sell their business to a reputable IT/Technical recruitment organisation in order to realise the value of the company. They also wish to remain fully committed to the organisation beyond sale so that the company can be developed to its maximum extent. They recognise that potential buyers will have differing visions of how to grow the business and they are open minded to differing scenarios.

Employees:

The team consists of the owners/Directors who currently work full time both running the business and placing candidates. They employ a regular bookkeeper along with under graduate staff on an adhoc basis to assist in administrative and resourcing tasks.

Other information

Support & training:

The Directors will commit a minimum of 2 years post sale employment which will allow a smooth transition and integration with the buyers business.

Related documents:

• 
• Confidentiality Agreement JS2080

• 
• Memorandum of Sale JS2080