Nottingham recruitment business sold in seven-figure deal

Sat, 11 May 2019 | BUSINESS SALE



One of Nottingham’s most successful independent recruitment consultancies has been bought by a nationwide employment agency specialising in construction, civil engineering and industrial recruitment.

Elizabeth Michael Associates has been sold to Approach Personnel for an undisclosed seven-figure sum, with the deal supported by Fraser Brown Solicitors.

Established in 1991, Elizabeth Michael Associates provides recruitment services for both temporary and permanent placements in a variety of disciplines, ranging from accountancy, logistics, sales and business development.

Approach Personnel’s acquisition of the consultancy will ensure that the recruitment specialists will be able to offer a wider range of services as part of its portfolio.

Founder of Elizabeth Michael Associates, John Hyde, said: “For almost 30 years, I have always sought to emphasise the key values of honesty and integrity in professional dealings in business. We have enjoyed tremendous success and growth over the years at Elizabeth Michael and I firmly believe this is down to our keen desire to always maintain these core values in all our dealings with people – whether colleagues, customers or suppliers.

“Today the pressures in business and on people are even greater and in our consumer age ‘getting ahead’ is too often put above all else and maintaining good relationships. Short term advantage is usually fleeting. Instead, building a more solid, long term reputation for trustworthiness and reliability has always been my goal and our guiding values at Elizabeth Michael.

“I hope that the values we have sought to promote at Elizabeth Michael will carry forward with the new owners. Approach Personnel are a fantastic business and they have built a solid track record, and as such I am confident that the two businesses together will go from strength to strength.”

For more news stories about acquisitions, click here. For all our business for sale listings, click here.


Share this article



Latest Businesses for Sale

Bills of Quantities & Other Costing Documents to Construction Sector
UK Wide

Strong second-tier management team. Operates from two freehold premises. Offered for sale to facilitate continued growth under the impetus of a new owner. Offers invited.

Asking Price: Offers Invited
Turnover: £561,000

FREEHOLD


Courier Service
South Yorkshire, Yorkshire and the Humber, UK

A superb relocation opportunity has presented itself for a new buyer to take ownership of a highly lucrative Courier Service which operates throughout the UK. Providing a professional service for a nationwide customer base. Offers invited.

Asking Price: £799,000
Turnover: £756,633

RELOCATABLE


Powder Coating Company
Derbyshire, UK Wide

Consider a metal fence surrounding a nearby park in the Midlands. Without proper coating the metal would likely rust, change colour or generally degrade, causing the town council’s investment (and the local taxpayers’ money) to go down the drain. Off...

Asking Price: £475,000
Turnover: £766,452

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
21
 
Feb
 

Street food catering firm seeks buyer after entering administration | ADMINISTRATION

Shrewsbury-based catering company MPM Catering has entered a...

 
20
 
Feb
 

Heycar acquires HonestJohn.co.uk following administration | BUSINESS SALE

Online used car service Heycar has purchased the independent...

 
19
 
Feb
 

On-demand laundry app snapped up after administration | BUSINESS SALE

Laundrapp, an on-demand laundry service which was touted as ...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources