Thu, 09 Oct 2025 | BUSINESS SALE
The businesses and assets of a recruitment group based in the North West of England have been acquired out of administration by a company headed by members of the group’s senior management team.
Wirral-based Russell Taylor Group Limited (RTG), Building Services Recruit Limited (BSR) and Russell Taylor Holdings Limited, which form part of the Russell Taylor group, fell into administration at the end of September.
Martyn Rickels and Anthony Collier of FRP Advisory were appointed as joint administrators of the three companies on September 30. Shortly after their appointment, the joint administrators secured a sale of the business and assets of RTG and BSR to RTG Bidco Limited, a special purpose vehicle established by members of the senior management team.
The deal also sees RTG Bidco Limited acquire the shares of NMS Recruit Limited (NMS), a solvent subsidiary of the group. The acquisition secures the future of the group’s operations and preserves jobs, with 71 employees transferring to NMS.
FRP Advisory partner and joint administrator Martyn Rickels commented: "This transaction provides stability for the Russell Taylor businesses and ensures continuity of service for clients.”
"Importantly, it also safeguards the roles of the vast majority of the group’s workforce, securing a positive outcome in challenging circumstances. We will now continue to work with stakeholders to conclude the administration process."
In accounts for the year period from December 31 2022 to March 31 2024, Russell Taylor Group Limited (which was renamed as RTG Realisations 2025 Limited on October 3 2025) reported turnover of around £33.4 million, compared to £25.4 million in the previous year, while operating profits increased slightly from around £630,000 to approximately £673,000.
The wider group’s accounts for the same period, filed by Russell Taylor Holdings Limited (which now trades as RTHL Realisations Limited), show turnover of £45.7 million, compared to around £38.8 million the previous year, but it fell from an operating profit of around £700,000 to a loss of approximately £655,000.
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