Staffline Group PLC Acquisition of certain Learndirect assets (7974U)
July 17 2018 - 2:00AM
UK Regulatory
TIDMSTAF
RNS Number : 7974U
Staffline Group PLC
17 July 2018
For immediate release 17 July 2018
STAFFLINE GROUP PLC
("Staffline")
Acquisition of the business of Learndirect Apprenticeships
Limited ("LDA")
Staffline, the Recruitment and Training group announces today
that it has completed the acquisition of LDA, the UK's
market-leading Apprenticeship Levy provider from Learndirect
Apprenticeships Limited for a nominal sum. Staffline will integrate
LDA into PeoplePlus, its Skills and Training division. This
acquisition will significantly increase PeoplePlus' share within
the Apprenticeship Levy market to c. 10%. The combined business
will be the leading adult skills and training provider in the UK,
delivering apprenticeships, adult education, prison education and
skills-based employability programmes across the UK.
LDA works with many high-profile levy-paying companies, and the
combined business will have c. 5,000 apprentices currently on
programme, with a strong pipeline of new apprentices. LDA brings an
existing blue-chip customer base, adding high profile brands in key
areas such as retail, financial services and the NHS. These
customers will add complementary market sectors to PeoplePlus's
existing offering, and a broadened product proposition.
The acquisition is funded from Staffline's existing
resources.
Chris Pullen, Chief Executive Officer of Staffline,
commented:
"We are delighted to announce that we have acquired the
country's market leading Apprenticeship Levy provider. Combining
our businesses makes PeoplePlus the country's market leading skills
and training provider with a UK wide footprint across
apprenticeships, adult education, prison education and skills-based
employability programmes, and is in-line with Staffline's
acquisition strategy. We look forward to welcoming the LDA team and
to integrating the business within PeoplePlus."
For further information, please contact:
Staffline Group plc www.stafflinegroupplc.co.uk
Chris Pullen, Chief Executive Officer 07786 265344
Michael Watts, Group Chief Financial Officer 07970 215262
investors@staffline.co.uk
Liberum NOMAD and Joint Broker www.liberum.com
Steve Pearce / Joshua Hughes 020 3100 2222
Berenberg Joint Broker www.berenberg.com
Chris Bowman / Toby Flaux 020 3207 7800
Buchanan PR and Communications www.buchanan.uk.com
Richard Oldworth / Jamie Hooper / Madeleine Seacombe 020 7466
5000
staffline@buchanan.uk.com
About Staffline - Recruitment, Training and Support
Enabling the Future of Work(TM)
Staffline is the UK's market leading recruitment and training
group. It has two divisions:
Recruitment Division
The UK's leading provider of flexible blue-collar workers,
supplying over 60,000 staff per day to c. 1,500 private sector
clients, across a wide range of industries including agriculture,
drinks, driving, food processing, logistics and manufacturing. It
operates from over 400 locations in UK, Eire and Poland.
Its world leading Customer Experience platform provides
optimised customer-based staffing management solutions whilst
providing market-leading levels of job satisfaction for
workers.
PeoplePlus Division
The leading adult skills and training provider in the UK,
delivering apprenticeships, adult education, prison education and
skills-based employability programmes across the country.
Education and Training - market leading provider of training
courses for private sector Apprenticeships (both Levy and non-Levy)
and Government funded Adult Skills programmes.
Employability - top quartile performer, supporting Government
programmes providing back-to-work education and support services to
the unemployed.
Justice and Community - education and training services for
prisoners and probationers, as well as individual support services
for carers and people with disabilities, both at home and in the
work place
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
ACQRFMATMBIBBMP
(END) Dow Jones Newswires
July 17, 2018 02:00 ET (06:00 GMT)
Staffline (LSE:STAF)
Historical Stock Chart
From Mar 2024 to Apr 2024
Staffline (LSE:STAF)
Historical Stock Chart
From Apr 2023 to Apr 2024