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.