Business For Sale

A MAJORITY INTEREST IN A FREELANCE RECRUITMENT TECHNOLOGY PLATFORM


Ref: CE232
Location: London, England
Asking Price: £500,000
Annual Turnover: £356,000

Annual Net Profit: Not Set
Gross Profit: £0
EBITDA: Not Set
Premises Type: Not Included

Business Description

Business Profile

This business is a recruitment technology platform that provides all the tools a freelance recruiter needs to work remotely from one easy to use dashboard. Following initial development expenditure of over £13.2m plus a further £2m, the platform now provides a CRM and talent pool of 4.2m CV’s.

 

It is either the ideal bolt-on technology platform for a large recruitment company looking to take on more roles from new and existing clients and increasing fee revenues without growing their fixed overheads.

 

Alternatively the platform could be used by an existing software company to enter the lucrative recruitment market or even as a platform for this and other industries such as estate agency.

 

It only requires a feed of job roles and freelance recruiters to simply make the placements.

 

The company was founded some 5 years ago and over £15m has been spent on creating the platform and its online presence.

 

Before Covid it had recruited some 51 freelance recruitment consultants who paid the platform a monthly fee and a percentage share of the placement fee.

 

The software is proven and is now ready for a new owner to grow its market share and attract additional consultants.

 

At a time when more and more professionals are wanting to work from home and be self-employed this Platform allows them to do just that. Each consultant has access to millions of CVs and a professional web-based service.

 

The platform attracts employers looking for staff that want more than just a Jobs Board and want a professional and personal service from a seasoned professional recruiter who will qualify and sort the candidates and produce a shortlist of the most suitable for a fraction of the cost of a traditional recruitment agency.

 

Each consultant will have extensive knowledge and well established links with a strong network and contacts in the business community that give them the opportunity of working with employer groups. The Platform enables an individual self-employed consultant to conduct business as if they were part of a multi-national organisation.

 

Meanwhile the Platform allows an existing recruitment agency to grow exponentially at a fraction of the cost of employing office based staff.

 

Independence is a key contributing factor to the continued success of the business as this allows the flexibility to provide focus, speed and real commitment to client’s needs. Each consultant ensures that each individual candidate and client receives the same high degree of customer care.

 

The consultants aim to match candidates’ career aspirations to rewarding job positions, and by investing time and using an exhaustive pre-selective service they make sure only candidates that are well qualified and suited to each vacancy are put forward. 

 

Recruitment is very much a 'people' business, providing advice and practical support to clients and this Platform makes the consultant an expert in good all round matching while ensuring clients receive a friendly, professional and courteous experience.

 

Technology:

Over £15m has been spent on developing a state of the art, multi-user software platform.  The business has excellent back office administrative systems and processes that ensure the business is run efficiently and effectively. It also utilises Sage accounting and payroll software.

 

The business also has an informative interactive website for candidates and clients alike, while attracting suitable consultants to join the platform.

Confidentiality Form / NDA

If you would like to receive further information about this business please submit the Confidentiality Form by clicking the button below.

Turner Butler Disclosure Statement

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into.

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner Butler

Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 0333 1234562 | Facsimile 01895 678532 | Email info@turnerbutler.co.uk | Website www.turnerbutler.co.uk

Free Business Valuation

tell us your name *

enter your email *

enter your number *

enter your business details *