TIDMSTAF
RNS Number : 0683F
Staffline Group PLC
15 May 2017
For Immediate Release 15 May 2017
STAFFLINE GROUP PLC
("Staffline" or "the Group")
Acquisition of Brightwork Limited
Staffline, the Staffing and Employability organisation, today
announces the acquisition of Brightwork Limited ("Brightwork"), a
recruitment business based in Scotland specialising in temporary
and permanent jobs in the drinks, warehousing, manufacturing and
distribution sectors.
Brightwork has a long and successful history as a multi-sector
recruiter for clients across Scotland from offices based in
Edinburgh and Glasgow. As previously indicated, the Group has been
developing its business in Scotland. The acquisition therefore
represents an attractive strategic opportunity to increase
footprint in this area, strengthening the Group's geographic reach
across the UK, as well as bringing a blue-chip client base. Derek
May, Chief Executive of Brightwork, will continue in his role to
lead the business
The acquisition is expected to be earnings neutral in the
current year and is being funded out of Staffline's existing
resources.
Andy Hogarth, Chief Executive of Staffline, commented:
"Staffline is delighted to announce the acquisition of
Brightwork. We have been increasing our capability in Scotland in
recent years and this acquisition will accelerate the growth of
both businesses as it provides scale, as well as greater geographic
coverage and value added services. We can offer our clients a
greater national service. We very much look forward to working with
all the team at Brightwork and to building a great future
together".
For further information, please
contact:
Staffline Group plc
Andy Hogarth, Chief Executive 07931 175775
Chris Pullen, Group Chief
Financial Officer 07786 265344
www.staffline.co.uk
Liberum Capital Limited
NOMAD and Joint Broker
Steve Pearce / Richard Bootle
www.liberum.com 020 3100 2222
Berenberg
Joint Broker
Chris Bowman / Marie Stolberg
www.berenberg.com 020 3465 2722
Buchanan
Richard Oldworth/Jamie Hooper/Madeleine
Seacombe
www.buchanan.uk.com 020 7466 5000
About Staffline
Staffline is a leading outsourcing organisation providing
services, mainly in the UK, to both Government and commercial
customers. The Staffing division supplies up to 51,000 workers per
day to more than 1,500 clients. Using the skills we have developed
and learned within Staffing we have developed a second division,
PeoplePlus, and have become a leading provider to both Central and
Local Government, offering a wide range of services to help and
support in the Employability (Welfare to Work), Communities and
Skills arenas.
Staffing Services
Specialising in providing complete labour solutions in
agriculture, food processing, manufacturing, e-retail, driving and
the logistics sectors, the recruitment business operates from over
350 locations in the UK, Eire and Poland.
The Staffing brands include:
-- Staffline OnSite, based on clients' premises and providing
both blue and white collar, out-sourced, temporary workforces
-- Driving Plus, providing HGV drivers to the driving industry
-- Staffline Agriculture, providing workers to the UK farming and horticulture sectors
-- Staffline Express, a high street branch based operation
-- Select Appointments, a high street branch-based operation
providing white collar office staff, operated entirely on a
franchised basis by independent business owners
PeoplePlus (previously Employability)
Trading under the PeoplePlus brand, Government contracts
include:
-- Work Programme, prime contractor in nine regions and
sub-contractor in three regions in England
-- New Enterprise Allowance (business start-up support), prime
contractor in three regions (England) and a sub-contractor in
Wales
-- Steps to Success, prime contractor in Northern Ireland
-- Youth Guarantee (MyGo Centre), supporting youth employment in the Ipswich area
-- Youth Promise Plus, supporting youth employment in Birmingham
-- Youth Employment Gateway, supporting youth employment in the Wirral
-- Building Employment through Education, working in Schools in Northern Ireland
Training services:
-- Skillspoint, a procurement consultancy specialising in
helping employers benefit from government-funded, work-based
training
-- Prime contractor to the Education and Skills Funding Agency,
Welsh Government and Skills Development Scotland, delivering
Apprenticeships and Adult Education across the UK.
Community services:
-- Ministry of Justice, Transforming Rehabilitation in
Warwickshire and West Mercia, helping to transform rehabilitation
and probation services
-- OLASS, delivery of training to prisoners in nine prisons in the East of England
-- Independent Living Services, supporting 3,500 disabled people lead independent lives
-- Visitor Centers for the Northern Ireland Prison Service
-- Careers Hubs in Stoke and Staffordshire
This information is provided by RNS
The company news service from the London Stock Exchange
END
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