GLASGOW-based recruitment company Primestaff has changed hands after a management buyout led by finance director Tony Vezza.
And the company declared it now has the leadership in place to drive turnover to £20 million by 2020, having made profits in excess of £2m on £11m of turnover in its most recent financial year.
The buyout has resulted in Mr Vezza join the board of Prime Staff alongside founder and chief executive Danny McIntyre, operations director Carol Conlin and industrial director Sean McPolin. Construction director Michael Docherty has also joined the board.
The value of the deal was not disclosed. However the latest annual return for Prime Staff, lodged at Companies House in June 27 lists Mr Vezza, Mr McIntyre, Ms Conlin and Christine McIntyre as the biggest shareholders with 200 ordinary shares each.
Mr McIntyre said: “The MBO puts the company in a great position. They are the right team to take the business forward. Their expertise is across a number of sectors and makes the business more flexible.
“The success of Primestaff is all down to identifying the right people with the same work ethic and ideals, whether it’s on the board, the people who work for us or those we find for our many clients.”
The changes at Primestaff, which operates across a range of sectors, come shortly after the company moved its Glasgow office to Blythswood Square, where 30 staff are based. It also has offices in Paisley and Edinburgh, and plans to open in Dundee and the Borders over the course of the next year.
Mr McIntyre said: “The move to new, bigger offices underlines our commitment to growing the business in a sustainable and successful manner.
“Our new offices maintain our presence in the heart of Glasgow city centre, providing easy access for our clients and staff. These recent moves show how ambitious we are. Like all companies, we faced a difficult time in the recession but we have come out the other side stronger and more profitable than ever before.”
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