2014 Company Summary

Acquisitions

2014 saw Staffline complete its largest ever acquisition when it completed the purchase of Avanta Enterprise Ltd, a leading provider of Welfare to Work and skills training services across the UK, in June.  Avanta represented a highly complementary fit with our existing Eos business, creating the UK’s third largest Welfare to Work provider and enhancing our ability to bid for future contracts.

In July, Staffline also acquired Softmist Limited, which trades as Skillspoint.  Skillspoint is a training procurement consultancy, specialising in government-funded work-based training.

Operational Review

The Group continued to achieve a great deal of operational and financial progress in 2014. The second year of our five year growth strategy, which is targeted to grow Group revenues to over £1 billion, cemented our plans to achieve this.

All of our Staffing businesses saw growth during 2014 in a generally improving economy and our Staffing division overall delivered strong organic sales growth from new customer wins and extensions to current contracts.

Our Employability division also achieved significant growth, including the seven month contribution from Avanta. In addition, we made good organic progress, securing three new Government funded contracts during the second half of the year; Steps to Success in Northern Ireland, Transforming Rehabilitation for the Ministry of Justice and MyGo in Suffolk.

Following the Avanta acquisition, revenue contributions are more evenly balanced between Employability activities and Staffline’s broader Staffing services. Overall Group profit margins were also enhanced.

New locations

Our Staffing division benefited from ongoing consolidation in the recruitment industry, helping us to grow the number of OnSite locations by 41 to 235 at the end of December 2014; this includes openings from a mixture of new and existing clients. We remain confident that our OnSite model and innovative approach to recruitment will maintain Staffline as a leader in our field.

Employees

With the Group expanding further in 2014, employee numbers increased to 609 employees in our Staffing business and shared services with an additional 964 people employed by the Employability businesses, bringing the Group’s total workforce to 1,573.

During the year the number of contractors paid each week grew steadily peaking at 34,636 in the lead up to Christmas.

Our ethos continues to support developing talent within the business at all levels and encourages self-development which in turn aids succession planning supporting the strategic growth of the Company.

Health & Safety

In line with our proactive approach to the Health, Safety and Welfare of our employees and contractors, in 2014, Staffline appointed a Chartered Member of the Institute of Occupational Safety & Health to ensure we create an environment delivering outstanding personal safety.

Staffline actively monitors all aspects of Health & Safety using a “closed loop process”.  This allows all areas to be identified and documented during the audit process and shows continual development against all Health & Safety action plans with Senior Management involvement throughout.

During 2014 a full review of the Group’s’ Health & Safety Management systems was carried out which resulted in updated policies and procedures being implemented.  Health and Safety data is collated and reported monthly to the Executive Board to ensure the volume of accidents, and incidences of unsafe practice, are addressed immediately. Root cause analysis is extensively undertaken to ensure improvement activity is always ongoing.

Environment

In 2014, Staffline commenced the development of a detailed sustainability strategy, entitled The One Planet Strategy.  This will focus on the following areas to allow the Group to implement appropriate systems in order to reduce our overall carbon footprint:

  • Energy Consumption
  • Waste
  • Travel
  • Sustainable Materials

Regular audits are carried out in order to source baseline data with Key Performance Indicators and SMART targets implemented which will demonstrate the Group’s ongoing environmental commitments.

Compliance

We take compliance with legislation and industry standards extremely seriously, offering a total commitment to all of our clients to ensure that all of our workers, whether or not covered by the legislation, are recruited and supplied to the standards required by the Gangmaster Licensing Authority.

This total commitment gives our clients the assurance that all UK ethical and legal standards are fully met. We operate a confidential helpline for our workers to report any concerns and conduct regular surveys to ensure we are achieving our own high standards. We are also an active member and supporter of the Stronger Together initiative to help prevent exploitation and trafficking of workers.