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Below is our latest article in the Daily Record.
Expanding Glasgow-based recruitment consultancy creates new role for key player in last year’s partial management buy-out
Expanding recruitment consultancy Primestaff has promoted its finance chief to the newly-created role of managing director as it prepares for further growth.
The move is a further step up for Antonio Vezza, who together with Primestaff founder and chief executive Danny McIntyre put together last year’s partial management buy-out of the Glasgow-based consultancy.
As part of that restructuring in July, finance director Vezza and construction director Michael Docherty joined the board of directors.
Turnover at Primestaff, which also recently invested in new premises in Glasgow and Edinburgh, is set to hit £20m following December’s acquisition of Direct Workforce. This comes on the heels of a near-doubling of revenues during the five years to April 2016.
Direct Workforce provides temporary and permanent staff in the logistics and industrial markets, primarily in the north of England. The combined operation provides approximately 1,500 temporary staff to 300 clients.
Primestaff’s turnover for the year to April 2016 hit a record £11m, with gross profit up by 22 per cent on the previous year to exceed £2m.
Figures for the current year – which will include only a partial contribution from Direct Workforce – are expected to show further progress.
Vezza said this performance is particularly impressive in a sector with high levels of business failures.
“Bringing Direct Workforce into the group massively increases our opportunities for growth through expansion into other industries and further developing the existing client base across more locations across the UK,” Vezza said. “We are in a great position.”
The company has plans for rapid expansion in Edinburgh in 2017. McIntyre said Vezza’s promotion will allow Primestaff to continue on its “impressive trajectory”.
“He has been a fantastic hire from the beginning and he is at the very heart of our success,” said McIntyre, who set up Primestaff in 1993.
“This move will allow him to continue his strategic approach to growth and to identify opportunities for the group.”
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