IT Recruitment company for sale...

[richard-af]

10 contractors. It is not worth 200p. My guess is that the owner has financial problems. Having said that a big agency will not be interested

Why no interest? £280K is just a starting price, surely? Wouldn't a big agency want to get its mitts on 10 earners for less?

[DodgyAgent]

Why no interest? £280K is just a starting price, surely? Wouldn't a big agency want to get its mitts on 10 earners for less?

Big agents are more interested in adding to their size. £1 million on turnover makes it more trouble than it is worth.

[richard-af]

Big agents are more interested in adding to their size. £1 million on turnover makes it more trouble than it is worth.

I just don't get it!

[DodgyAgent]

I just don't get it!

Because all the due diligence and crap involved in buying a small company for a small proportional increase makes it hardly worthwhile. If it is niche or brings in new clients then maybe. In terms of adding to profits simply buying it for 10 contractors who may be due to finish next week does not make it worthwhile.

[richard-af]

Because all the due diligence and crap involved in buying a small company for a small proportional increase makes it hardly worthwhile. If it is niche or brings in new clients then maybe. In terms of adding to profits simply buying it for 10 contractors who may be due to finish next week does not make it worthwhile.

Thanks! Now I know!