Partner Article

Newcastle-based Ryecroft advises on acquisition of London recruitment firm

Newcastle’s Ryecroft Glenton Corporate Finance has advised on the acquisition of a London staffing business, by Berry Recruitment Group.

The St Albans-based firm has acquired 100 percent of the shares in Amanda Smith Recruitment Ltd; a company set up by Managing Director Amanda Smith in 2004.

The business, which operates out of offices in Holborn, Central London, has been acquired as part of Berry Recruitment Group’s strategic growth plan expanding its existing 30-strong branch network throughout the UK.

With a turnover predicted to be in the region of £65m this year, Berry Recruitment Group is a multi-disciplinary staffing company providing personnel for roles across the office support, industrial, technical, driving, construction, rail, catering and care sectors.

Ryecroft utilised its market knowledge to identify potential purchasers, having advised on the sale of Wild Recruitment to Berry Recruitment Group in 2011.

Amanda Smith Recruitment Ltd was advised by a team led by Ryecroft Glenton Corporate Finance partner, Carl Swansbury, supported by colleagues Alex Simpson, Peter Glenton and Charlie Burton.

Carl Swansbury, partner at Ryecroft Glenton Corporate Finance, said: “This acquisition will strengthen Berry Recruitment Group’s presence in the London market. Amanda Smith Recruitment Ltd has become well-established in the sector and enjoyed a continued period of growth. Having worked alongside Berry Recruitment Group on a previous transaction, we were confident this acquisition would be mutually-beneficial for both parties.”

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