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Share Price: 33.75
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Staffline expands UK footprint with Passionate About People acquisition

Mon, 01st Oct 2018 16:28

(Sharecast News) - Recruitment and training business Staffline added Passionate About People to the wider group for an undisclosed sum on Monday, in line with its acquisition criteria.Passionate About People is made up of two companies - Omega Resource Group, a leading UK provider of blue-collar, flexible, staffing solutions to the aerospace, automotive, construction, energy, logistics and manufacturing sectors, and Datum RPO, a leading provider of recruitment process outsourcing solutions to blue-chip clients.Staffline told investors that its acquisition was consistent with its strategy of accelerating growth in its recruitment division through select, complementary purchases that bring strategic benefits to the broader group.The AIM-listed firm maintained the acquisition would broaden it's UK footprint, in particular in South West England, with branches in Swindon and Gloucester.In its last trading year, Passionate About People reported revenues of £72m and an operating profit of £2m. Consideration will be funded from Staffline's existing resources.Staffline's chief executive Chris Pullen, saidL "The acquisition supports Staffline Recruitment's vision to be the trusted market leader, providing a single destination for blue- collar workers and employers to connect across the UK. I look forward to welcoming the Passionate About People team to the group."As of 1630 BST, Staffline shares had ticked up 0.81% to 1,252p.
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24 Apr 2020 17:27

Staffline Non-Executive Chair Lewis And Director Ward Step Down

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Staffline sees demand surge as food sector rushes to meet demand

(Sharecast News) - Recruitment specialist Staffline has seen a surge in demand from the food sector, as companies rush to hire enough staff to deal with unprecedented demand during the coronavirus pandemic.

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25 Mar 2020 07:39

Staffline sees deal with banks to help cushion coronavirus blow

March 25 (Reuters) - Recruiter Staffline said on Wednesday it expects to reach an agreement with its lending banks on revised terms to cushion the risk of any potential blow from the coronavirus crisis.The recruiter also said the UK government's d...

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25 Mar 2020 07:39

Staffline sees deal with banks to help cushion coronavirus blow

March 25 (Reuters) - Recruiter Staffline said on Wednesday it expects to reach an agreement with its lending banks on revised terms to cushion the risk of any potential blow from the coronavirus crisis.The recruiter also said the UK government's d...

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17 Mar 2020 18:50

Staffline Hires Former Harvey Nash CEO Albert Ellis To Board

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20 Feb 2020 11:10

Staffline Chief Executive Pullen To Resign Amid Tough Conditions

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20 Feb 2020 09:55

Staffline CEO stands down following series of profit warnings

(Sharecast News) - Recruitment and training group Staffline's chief executive Chris Pullen tendered his resignation to the board on Thursday as the group looked to reduce potential covenant risks while operating in a "competitive environment".

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20 Feb 2020 07:46

UPDATE 2-Recruiter Staffline's CEO resigns as shares hit decade low

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