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Memorandum of Sale

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					        Memorandum of Sale

             Technical Recruitment Group

                     Business Ref JS2048

             Confidentially offered for sale
                Location: South West

                    Asking Price £750,000




Price includes: The following listed overleaf (which will be supplied to interested
  parties following the completion and signing of a confidentiality agreement).
Business Ref. JS2048

Business Profile:
Established by the current owners in 1999, this specialist multi-faceted recruitment
group has shown consistent growth over this period. They have established a strong
reputation within the Aero-Space and manufacturing environments with a number of
world class organisations dedicated to using both their services and their management
software.

This business provides both master vendor management accounts, contingency
placements, interim management services and recruitment advertising. The other side
of their business is involved in the development and supply of a recruitment process
management system which is highly successful both with clients and other
recruitment agencies supplying to those clients.

Strengths:
Continuous growth with annual fees of £750,000
Master Vendor agreements in place
World class client list
Strong ongoing revenue stream
Fully equipped offices in major city
Talented IT/ Software Development Team & Account Managers
Blue chip reputation in the market place
Proven website to attract candidates
Massive potential for continued growth

Financial Information:
The business is offered for sale on a ‘going concern’ basis.
All financial discussions will take place through the vendor and interested parties
through the auspices of Adison International Limited.

Company G.P. (approximately) £750,000
Assets in IT and software products (approximately) £250,000
No factoring facilities.
Excellent relationship with vendors.

Premises:
Company has a long term secure lease in a four story office of approximately 2,500
sq/ft., which provides works space, private individual offices, a boardroom and staff
canteen and dining facilities. These offices are serviced with all the necessary
facilities including broadband connections, computer systems and telephone systems
that the business requires.

The offices are located in the heart of a major city, close to two major International
airports. Ample parking is provided on site.
Employees:
Of the three shareholders the husband and wife founders wish to reduce their day to
day commitment in a less complex environment and therefore wish to withdraw from
this business.
The third shareholder who has a highly technical IT/ software background wishes to
remain with the company beyond the sale, as an employee at a senior management
level. Inclusive of this senior manager there is a dedicated team of twelve individuals
with functionalities in marketing, sales, account management, consultancy,
programming and IT consultancy. These are a highly talented and dedicated group of
individuals.

Reasons for sale:

The company has grown consistently since 1999 and would now benefit from the
participation of a larger organisation that can provide more capable management to
bring their products and services to a worldwide market place.
Two senior shareholders wish for a quieter and less complex life as they reach
retirement age.

Key Opportunity:
This is an outstanding opportunity for either an investor or a technically based
executive agency to acquire a company that is at the forefront of the evolution in
recruitment. This company has established itself in providing services and products to
worldwide companies which offers the opportunity to develop these products and
services on a worldwide basis. The nature of their business brings them very close to
their customer base and would allow extensions to their product range both to their
existing customer base and products for new clients looking to manage their
recruitment process. It may be possible to relocate and therefore economies of scale
regarding the sales and account management teams. The IT and software development
team is crucial to the business. Current projections for growth are very encouraging.
The company has established a web based job board for technical candidates and is
developing this as a forum for technical people. This provides unlimited opportunity
for the future.

Support:
The directors will provide the appropriate level of support, familiarisation and hand
over to the new purchaser.

				
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