Featured Brokers
CONFIDENTIAL SALE
FOR SALE
04/01/24
604578
Project Talent / Rightbiz
The sale of this business is being represented jointly by KBS and our sister company, Quantuma Advisory.
Specialised recruitment agency focused on placing temporary staff into the industrial and commercial sectors. The business’ main area of expertise is providing staffing solutions into the warehousing, distribution and production functions within these sectors.
The business operates as a Recruitment Process Outsourcing (“RPO”) business, providing a full suite of recruitment services to its customers. The business is responsible for up to 100% of all recruitment for the specified functions for its major customers.
The business prides itself on its exceptional customer service, which is evidenced by the long-standing relationships it has with its major customers, many of whom have been partners since the business’ inception.
The shareholders have stepped away from the business and now have minimal input into the operations, with the senior managers now responsible for the running of the business. The senior managers all intend on remaining with the business post transaction.
Offers invited.
Key Highlights
- The business is an established key player in the growing temporary staffing solutions market.
- Has built a strong, loyal customer based including publicly listed companies. The relationships with its major customers are long-standing, with the majority of customers having worked with the business for over a decade.
- Each major customer provides repeat revenue, which when combined with the embedded nature of the relationships with the customers, creates a strong foundation for future growth.
- In an excellent position to pursue the next stages of growth through leveraging the growth of existing customers and through winning new customers, which can be accelerated with new ownership.
Financial Highlights
- Turnover of £4.5m in FY23 with an adjusted EBITDA of £429k.
- Business is currently tracking to achieve turnover of £4.9m in FY24 with an adjusted EBITDA of £590k.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
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