Asking price: £1,800,000

Sales revenue: £1,899,750

Net profit: £263,239

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
This is a rare opportunity to purchase a well established specialist recruitment company that concentrates on the IT market. Initially established within London’s M25 in March 2000, this company has grown to be noted as a quality brand in its market sectors and has produced consistent profits over the years. The company supplies both contract and permanent staff to a client base that consists of both “blue chip” and medium sized enterprises. Providing staff with skills in Web Design and Development, Digital Media, E-Commerce, E-CRM, E-ERP Solutions. More recently the company has established a city of London office and now has 12 employees employed across its 2 offices.

The owner, who wishes to remain with the business, managing and monitoring staff, has also developed the business in a cautious manner, with the business having assets in the order of £500,000 and the company totally financing its own development. This is an ideal opportunity for a larger recruitment organisation to purchase and further develop this business in partnership with the current owner on a buy-out arrangement. In the recent months the company has invested heavily behind its growth strategy which has included establishing a central London office with the gradual migration on staff from its current head quarters. A considerable investment has also been made in the very latest recruitment software which has now been implemented successfully.
Financial Information:
Estimate Year Ended Year Ended
30/09/09 30/09/08 30/09/07

Turnover £2,100,000 £1,899,750 £1,757,946
Gross Profit £870,000 £771,092 £809, 591
Operating Profit £270,000 £250,801 £350,537
Profit Before Tax £285,000 £270,799 £356,911

Employees: 12

Property: Leasehold

Location
The business will be sold with secure leases on the offices, each of which are fully equipped with all facilities and services necessary for their business purposes.

Support & training
Along with the Managing Director/Owner who has considerable hands-on experience in this sector there are 2 highly experienced Heads of Departments responsible for their respective sales teams at each office. These 2 Managers/Consultants have been with the company for 8 and 7 years respectively and both are consistent billers and well motivated. With the majority of the consultants in their teams having 3 to 4 years experience.

Reasons for selling
The owner who is in his early 30’s is an enterprising intelligent individual who is determined to grow this business to its full potential. Whilst he has the up most confidence in the organisation and people that he has developed, he also recognises that to achieve its full potential the company needs more resources in terms of recruitment expertise. The owner therefore wishes to sell his business to an established recruitment organisation that can provide the support of additional knowledge, experience and commercial awareness whilst encouraging him to grow the business. Naturally being of a cautious nature the owner wishes to enjoy the rewards for what he has built up and would wish to share in the future profits that can be developed with new owners. We are confident that potential buyers will be impressed with by the vendor and would see that he would be a valuable asset to most organisations.

Related documents

		Confidentiality Agreement JS2079

		Memorandum of Sale JS2079