Last checked at 20 Nov 2020 07:00
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 www.stafflinegroupplc.co.uk Ian Lawson, Executive Chairman Albert Ellis, Chief Executive Officer Daniel Quint, Interim Chief Financial Officer | via Vigo Communications |
Liberum NOMAD and Broker www.liberum.com Bidhi Bhoma / Joshua Hughes | 020 3100 2222 |
Vigo Communications Financial PR www.vigocomms.com Jeremy Garcia / Antonia Pollock | 020 7390 0230 staffline@vigocomms.com
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About Staffline - Recruitment, Training and Support
Enabling the Future of Work™
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.