The Staffing Group Ltd – Prospectbook

Prospect

Target status: x

Upload date: 05/02/2019

Last updated on: 29/10/2020

Who are the important people in the company?

• Stephen Peter Price
Correspondence address: Forster House, Hatherton Road, Walsall, West Midlands, WS1 1XZ
Date of birth: December 1951
Nationality: British
Country of residence: England
Occupation: Co-Founder & Director
Nature of control
Ownership of shares – More than 25% but not more than 50%

• Carole Madeleine Price
Correspondence address: Forster House, Hatherton Road, Walsall, West Midlands, WS1 1XZ
Date of birth: November 1953
Nationality: British
Country of residence: England
Occupation: Co-Founder & Director
Nature of control
Ownership of shares – More than 25% but not more than 50%

• Jeremy Charles Mcgrail
Correspondence address: Forster House, Hatherton Road, Walsall, West Midlands, WS1 1XZ
Date of birth: January 1967
Nationality: British
Country of residence: England
Occupation: Managing Director and Co-Founder
Nature of control
Ownership of shares – More than 25% but not more than 50%

• Nick Terry Gregory Jones
Correspondence address: Forster House, Hatherton Road, Walsall, West Midlands, WS1 1XZ
Date of birth: December 1973
Nationality: British
Country of residence: United Kingdom
Occupation: Managing Director of Single Resource (prospect’s subsidiary)

• Neil Christopher Cooksey
Correspondence address: Forster House, Hatherton Road, Walsall, West Midlands, WS1 1XZ
Date of birth: December 1971
Nationality: British
Country of residence: United Kingdom
Occupation: Managing Director of Extra Personnel Ltd (prospect’s subsidiary)

What is the structure of the company?

The company is owned by Stephen Peter Price, Carole Madeleine Price & Jeremy Charles Mcgrail.

Subsidiaries:
• Extra Personnel Group Limited
• Single Resource
• EP Professional
• Extra Drivers

• Statement of Capital (Share Capital)
Class of Shares: A. ORDINARY
Currency: GBP
Number Allotted: 510
Aggregate nominal value: 510
Amount paid per share: 1
Amount unpaid per share: 0

Class of Shares: B. ORDINARY
Currency: GBP
Number Allotted: 340
Aggregate nominal value: 340
Amount paid per share: 1
Amount unpaid per share: 0

Class of Shares: C. ORDINARY
Currency: GBP
Number Allotted: 150
Aggregate nominal value: 150
Amount paid per share: 1
Amount unpaid per share: 0

Class of Shares: Non-Redeemable Preference
Currency: GBP
Number Allotted: 9000000
Aggregate nominal value: 9000000
Amount paid: 0
Amount unpaid: 0

• Full Details of Shareholders

Shareholding 1: 255 A. ORDINARY shares held as at the date of this confirmation statement (04/09/2018, but no further updates have been published ever since)
Name: Carole Madeleine Price

Shareholding 2: 3825000 Non-Redeemable Preference, shares held as at the date of this confirmation statement (04/09/2018, but no further updates have been published ever since)
Name: Stephen Peter Price

Shareholding 3: 255 A. ORDINARY shares held as at the date of this confirmation statement (04/09/2018, but no further updates have been published ever since)
Name: Stephen Peter Price

Shareholding 4: 3825000 Non-Redeemable Preference, shares held as at the date of this confirmation statement (04/09/2018, but no further updates have been published ever since)
Name: Carole Madeleine Price

Shareholding 5: 340 B. ORDINARY shares held as at the date of this confirmation statement (04/09/2018, but no further updates have been published ever since)
Name: Jeremy Charles Mcgrail

Shareholding 6: 1350000 Non-Redeemable Preference, shares held as at the date of this confirmation statement (04/09/2018, but no further updates have been published ever since)
Name: Jeremy Charles Mcgrail

Shareholding 7: 50 C. ORDINARY shares held as at the date of this return
Name: Jeremy Charles Mcgrail

Shareholding 8: 50 C. ORDINARY shares held as at the date of this confirmation statement (04/09/2018, but no further updates have been published ever since)
Name: Neil Cooksey

Shareholding 9: 60 A ORDINARY shares held as at the date of this confirmation statement (04/09/2018, but no further updates have been published ever since)
Name: James Price

Shareholding 10: 50 C. ORDINARY shares held as at the date of this confirmation statement (04/09/2018, but no further updates have been published ever since)
Name: Nick Gregory Jones

What is the prospect’s strategy and ambitions?

The group is reliant on certain customers for contracts which are subject of to periodic review. Renewal of these contracts is uncertain and based on financial and performance criteria. Competitive pressure in the UK is reducing margins across the industry.

Growth Focused: mainly in their core sector, blue-collar recruitment

Future plans about Intersectoral Expansion in other segments of the recruitment industry.

Ambitions

• Growing its market share across the country in the blue-collar labour recruitment sector.

Who are the prospect's customers?

Clients Examples & Testimonial Videos

Greencore

Important People

CCO: Kevin Moore
MD: Phil Taylor
FD: Nigel Blakey

Harper Collins

Important People

CEO: Charlie Redmayne
CFO: David Alford

Unipart

Important People

Chairman & CEO: John M Neill
MD: Frank Burns

Sectors:

• Industrial & Manufacturing
• Automotive
• Driving
• Logistics & Warehousing
• Administrative
• Food Manufacturing
• Airside
• Legal
• Permanent Division
• Hospitality & Catering
• Commercial & Office support
• Construction, M & E
• Contact Centres
• Driving & Logistics
• Food Manufacturing

What does the prospect consider important for its customers?

Understand and implement what their clients want, embracing their culture and delivering their work ethic.
To take responsibility for their performance and the quality of everything they do

Who are the prospect's staff?

The average number of persons employed by the group, including directors, during 2019 was 18,087

Management and administration: 474
Temporary workers: 17,613

Staff costs: 149,902,457

Wages & salaries: 140,855,791
Social security costs: 8,723,359
Pension costs: 323,307

The number of directors to whom retirement benefits are accruing under defined contribution schemes amounted to 6.

Employee Reviews on Indeed:

Overall Rating: 3.6/5

Analytical Rating:
• Work-life balance: 3.7/5
• Pay & Benefits: 3.5/5
• Job security and advancement: 3.2/5
• Management: 3.4/5
• Culture: 3.4/5

Admin (Former Employee) – Walsall, West Midlands – 9 October 2019
(2/5)
“Awful place to work
Ok positives were that there were a few goods eggs within the company, you got the cost of living raise each year, annual leave allowance was good but the bad totally outweigh that.

They have a lot of employees that I would say are institutionalised within the organisation. They are worked there for years and no nothing different and comes with this is an attitude of they know better and they get preferential treatment. The abuse the system as they work mainly on the road and can take off as much time as they like. The manipulate the system. The senior management in the company treat you and speak to you really badly and have no respect. Again comes the attitude of well I have been here for years, my job is secure, you have to do what you are told to do. The have lots of family members working there and basically the owners son has worked in every department and gets fast tracked through everything. He demands annual leave and gets it, he demands a salary increase and he gets it. Even his partner is the same. There are what is called untouchable because anyone dare say the treatment is unfair and wrong then your head is for the chopping board as daddy will throw a fit.

The group managing director, doesn’t really care about the employees at all. Just wants bottom line figures. The MD’s of Single Resource and Extra Personnel are laws unto themselves.”

I.T and Estates Administrator (Former Employee) – Walsall, West Midlands – 7 June 2019 (1/5)
“Too many ‘Managers’
Worked here for 8 years. Was offered nothing in the way of progression. My Manager was like a child and I would not recommend working for the Head office at all. Too clicky and not appreciated by anybody.
The only benefit was getting a cost of living rise each year and getting your birthday off paid for.”

Pros
Birthday off paid

Cons
Managers who can’t manage

What are the prospect’s unique selling points (USPs)?

They save their customers money
They always look for the best fit selection
They minimise the employers’ risk by planning labour requirements – including planning for the unexpected to take away risk
Sustainable track record to improve people performance
They are willing to guarantee efficiencies, or underwrite cost savings upfront.

What are the prospect’s business activities and potentials?

The principal activities of the group is that of providing both temporary and permanent staff to business users, specialising in blue-collar labour recruitment sector.

Annual Report File

Locations

Head Office

Forster House,
Hatherton Road,
Walsall, West Midlands,
WS1 1XZ

Branches:

Extra Personnel: