Angel Bank

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Fast-growth recruitment company in niche market

This business specialises in Contract Recruitment and Interim Management and is all set up and ready for fast growth.

Funding is required to hire staff and obtain premises, and to build a forward order book ready for a trade sale in 5 years.

All databases are on laptops enabling direct sales when at a client meeting. This business is fully sales-driven, and focuses on the public sector, banking anf finance. Will achieve large regular monthly manageable income.

Turnover targets:
2008 - £3.5m
2009 - £4.2m
2010 - £5.1m

Gross profit margin: 20%

Services: Contract IT staff, Interim Managers, Contract Business Consultants, Management Consultancy

Business has a database of 75,000 client contacts, and 19,000 interims/contractors. Relationships with about 200 Government buyers.

Founder has 27 years selling people, hardware and software to mainly public sector. He has managed up to 7 Offices and over 60 staff and developed and grown companies in this industry. Has created large accounts from several corporate clients.

Full business plan? Yes

Exit strategy: A trade sale within 5 years

Sales and marketing activity leverages existing client relationships, along with a system that turns presentations into orders.

Skills required: financial expertise, and also experience in recruitment would be an advantage

Funding of £90,000 required in return for 25% of the equity.

Business Profile: P1001

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