Ryecroft Glenton announces urgent acquisition opportunity
The Company specialises in the placement of temporary workers into the oil & gas, chemical, construction, warehouse, catering, admin and care sectors, to name just a few, through two separate brands.
The Company has a good reputation for providing clients and candidates alike with high quality, added value staffing solutions.
A well established, privately owned, multi-sector recruitment business specialising in the placement of temporary workers.
The Company has relationships with many large, national and international clients, which has generated significant levels of repeat business and recurring revenues.
There is an experienced and motivated team of employees who are committed, flexible and responsive to client requirements.
The Company has the systems and operational infrastructure in place to supply recruitment services to clients across the North of England and beyond.
Opportunities for growth:
The Company has the opportunity to substantially increase turnover and margins going forward.
The acquisition opportunity presents the prospective purchaser with access to an established business, with developed client and candidate relationships, a good market reputation and a well recognised brand.
The Company’s leasehold offices are ideally located to attract and service good quality clients across the North of England and throughout the UK and are within easy access of the UK rail and motorway networks.
The Company generated turnover and gross profits of c.£8.1m and c.£1.1m respectively during the financial year ended 28 February 2013. During this period the business generated EBITDA of c.£412k.
The management accounts of the Company for the financial year ended 28 February 2014 show turnover and gross profits of c.£11.3m and c.£1.5m respectively, and an EBITDA of c.£249k.
Forecast turnover and gross profits for the financial year ending 28 February 2015 is c.£7.5m and c.£922k respectively.
Prospective purchasers should be aware that an urgent sale is being sought and offers for the business and assets are to be received no later than 5.00pm on Friday 15th August 2014.
All enquiries in relation to Project Stockton should be directed to
Corporate Finance Partner
t.0191 239 0962
m.07764 605 533