Staffline, the Nottingham-based recruitment and training group, has disposed of its wholly owned subsidiary, PeoplePlus to Talent International (UK) Limited, a wholly owned subsidiary of Swipejobs, for cash consideration of £12m.
PeoplePlus is a workplace training and employability business whose purpose is to help people transform their lives, get jobs and keep jobs, and develop their careers. The division works with employers to develop inclusive workforces and with central, local and devolved governments to support their economic and social policy ambitions.
Creating social value in this way, PeoplePlus aims to ensure that every person of working age can participate in paid work, including vulnerable and disadvantaged people, as part of a more dynamic economy with greater levels of social inclusion in which no one is left behind.
For FY 2024, PeoplePlus contributed approximately £65m of revenues to the group and generated profit before tax of approximately £1.3m, with gross assets of £16m, at 31 December 2024.
Albert Ellis, Chief Executive Officer of Staffline, said: “PeoplePlus has played an important part in developing Staffline’s service offering over a number of years but with our strategic ambitions centred on our fast growing recruitment activities as opposed to training and education, now feels like the opportune moment to implement this change.
“I would like to thank all the staff at PeoplePlus and wish them a prosperous future under their new owners.
“Moving forward, we can have greater focus and cash resource for our market leading recruitment activities, which delivered outstanding results across 2024. We see significant opportunities for organic growth in our remaining recruitment divisions and will accelerate value creation for Staffline shareholders going forward.”
