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BUSINESS REFERENCE : CU018 / RightBiz NATIONAL AGENCY FOR SOCIAL WORKER & FAMILY SUPPORT WORKER PROVISION | | | | | | National Agency for Social Worker & Family Support Worker Provision ISO9000, REC, BASW Registered Investors In People Confidentially offered for sale Ref No: CU018 Location: Midlands Asking price: O.I.R.O. £850,000 | | | BUSINESS LOCATION: | Undisclosed West Midlands UNITED KINGDOM | | BUSINESS SECTOR: | Care | | TRADE TYPE: | Care & Nursing Homes | | SELLER: | Agent Sale | LEASEHOLD: | £850000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This social work recruitment business, established in 2002 by the current owners, specialises in temporary social work positions throughout the UK with the primary client base being in the Midlands, North West and Yorkshire. The company supplies qualified Social Workers and Support Workers to the public, private and voluntary sectors across all aspects of the social care spectrum.
As part of its drive for providing the highest quality staff to its clients and the highest level of service to its candidates, the business takes a proactive approach to ensuring the continuing professional development of its workers. The level of training offered to its temporary workers is unique within the industry sector.
The company has a built a solid reputation for its extremely high quality service provision and the comprehensive benefits package offered to its temporary staff. As a result the business has enjoyed impressive growth since inception to become a significant enterprise based on the successful principles of integrity, honesty, service and results, together with a reputation for quality of service and reliability.
The business has all of the internal resources and expertise required to service clients with their recruitment needs and uses highly innovative methods in order to attract and retain candidates. It enjoys an extremely high candidate retention rate of around ninety percent.
The company has an impressive track record in securing preferred supplier status, through Tender, with many local authorities across the UK and currently supplies around forty local authorities.
Technology:
The company operates a leading edge recruitment database, Sage Accounts and Sage Payroll together with an in-house designed internet based timesheet recording system that has extensive functionality and enables an extremely efficient recording and reporting process.
Customer Service:
The business manages many key clients the majority of whom are in the public domain. Because of this and the nature of the work they are involved in the accuracy of information is imperative. The company has adopted very stringent compliance and quality control procedures. These procedures are backed up by the following impressive accreditations.
· ISO9001 Registered Company
· Recruitment & Employment Confederation Membership (REC)
· British Association of Social Workers Membership(BASW)
· Investors In People
The business has a reputation for achieving very high levels of client satisfaction, (evidenced by regular questionnaires) due to its first class compliance processes, appraisal process and attention to detail.
Key Strengths:
The business has extremely well established processes and procedures in place ensuring first class levels of compliance and quality. As a result, the business enjoys impressive levels of repeat business and referral, and enjoys an outstanding reputation for its professionalism, service, reliability, flexibility and efficient placements. This is illustrated by the continuing expansion of the client/candidate database. The business has an excellent mix of clients and a candidate database of 2500 workers of which 1500 are qualified social workers.
Other key strengths include the ability to develop and deploy technologies which have shown huge improvements in back office efficiency particularly in the area of weekly timesheet processing.
Growth and Expansion:
The current market for this business’s services is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs. At present the company tends to specialise within the public sector. There is no reason why the business could not expand its area of expertise to encompass the private sector, be it residential care or elderly care. There is also an opportunity to take forward a project that has already been well developed and documented that looks at providing support and accommodation services for children leaving care.
The company also has a unique renewable name and address database containing around Ninety percent (90%) of the UKs qualified social workers which could be used for extremely effective direct marketing purposes.
Key Opportunities:
This is an outstanding opportunity to build on the existing services and customer base of this company. With a strong demand for current services and the scope to increase its areas of expertise this business represents an excellent opportunity for a new owner to continue its impressive growth to date.
This firm maintains an extensive base of satisfied customers, who appreciate the company’s superior services. All the relevant staff,procedures and accreditations are in place.
The business is an excellent opportunity to acquire a significant and proven business in a niche and growth market place with numerous new revenue streams available.
Employees:
The current owners have put an excellent team in place that enables them to spend less time within the business. One director spends around two days a week within the business whereas the other attends monthly meeting to help oversee the business strategy.
The business employs an office manager, one senior recruitment consultant and three other consultants, all on a full time basis. In addition to this the business also employs a payroll clerk on a part time basis. All staff are suitably qualified and loyal.
Advertising and Marketing:
The business benefits from a comprehensive website detailing the business’s services and commitment to providing the highest quality staff. This also highlights current vacancies. The company also owns several other strategic domains and invests in internet advertising and search engine recognition to ensure it performs well on all the major portals and engines(front page).
A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation.
Premises:
The business operates from rented offices on a high profile business park within the town . It is a short term lease with a 3 month notice period so could easily be relocated should a new owner require this. Annual rent is £12,000 (inclusive of all services). The office is open plan and modern.Staff parking is available. Total square footage is circa 500 square feet.
Business Hours:
Monday- Friday: 0900-1700
Security:
The building is fully secure as you would expect from a multi-occupancy high profile business park. The site is alarmed and has CCTV.
Financial Information:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
The business is financially stable with no borrowings, low overheads, positive cash flow, good gross and net profit and has shown consistent growth over 6years of trading.
Turnover for this financial year is expected to hit £2Million. Gross Profits(20%) will be in the region of £400,000, resultant net profits circa £130,000. With further investment there is no reason why this business could not significantly improve on this as the market demand for its services are strong and growing.
Reason for Sale:
The current owners wish to spend more time abroad.
Support and Training:
Full support and training will be provided to the successful purchaser | | | | | BUSINESS STATUS: | FOR SALE | | | | | CONTACT: | TURNER BUTLER | | TELEPHONE: | 01895 25 6000 | | REFERENCE: | CU018 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
