Staffline Group PLC PeoplePlus Update (9461F)
20 November 2020 - 6:00PM
UK Regulatory
TIDMSTAF
RNS Number : 9461F
Staffline Group PLC
20 November 2020
20 November 2020
STAFFLINE GROUP PLC
("Staffline" or the "Group")
PeoplePlus Update
Staffline, the recruitment and training group, announces that
its PeoplePlus division has agreed terms to sell its
Apprenticeships business to Babington Business College Ltd
("Babington"), a leading professional training course,
apprenticeships and traineeships provider (the "Transaction") for a
nominal fee.
It is anticipated that the Transaction will complete in early
December, enabling an orderly transition for both clients and
learners. Under the agreement, Babington will acquire contracts and
assets from PeoplePlus associated with the delivery of
Apprenticeships across England and Scotland.
This Transaction forms part of PeoplePlus' strategic re-focus on
its core employability and adult skills capabilities as it seeks to
leverage the division's leading position within these markets to
capitalise on the significant increases in funding for central and
devolved government contracts that have recently been
announced.
Albert Ellis, Chief Executive Officer of Staffline,
commented:
"We are pleased to have reached an agreement with Babington,
which will ensure our Apprenticeship clients and learners continue
with another high-quality training provider. PeoplePlus has unique
capabilities, experience and scale in the employability and adult
skills sectors and this transaction will enable the division to
fully focus on the UK wide unemployment challenge that now
exists."
For further information, please contact:
Staffline Group plc via Vigo Communications
www.stafflinegroupplc.co.uk
Ian Lawson, Executive Chairman
Albert Ellis, Chief Executive Officer
Daniel Quint, Interim Chief Financial
Officer
Liberum NOMAD and Broker
www.liberum.com
Bidhi Bhoma / Joshua Hughes 020 3100 2222
Vigo Communications Financial PR 020 7390 0230
www.vigocomms.com staffline@vigocomms.com
Jeremy Garcia / Antonia Pollock
About Staffline - Recruitment, Training and Support
Enabling the Future of Work(TM)
Staffline is the UK's market leading Recruitment and Training
group. It has three divisions:
Recruitment GB
Staffline is the UK's leading provider of flexible blue-collar
workers, supplying approximately 40,000 staff per day on average to
around 450 client sites, across a wide range of industries
including agriculture, supermarkets, drinks, driving, food
processing, logistics and manufacturing.
Recruitment Ireland
The recruitment Ireland business is a leading end to end
solutions provider operating across 20 industries, 10 branch
locations, 15 onsite customer locations and offering RPO, MSP,
temporary and permanent solutions across the island of Ireland.
PeoplePlus Division
Staffline is the leading adult skills and training provider in
the UK, delivering adult education, prison education and
skills-based employability programmes across the country.
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END
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