Essential Recruitment Completes Management Buyout

Advisers have worked on the management buyout of £16m-turnover recruitment business Essential Recruitment.
Established in 2006, Chesterfield-headquartered Essential Recruitment manages temporary work forces for clients in the East Midlands and Yorkshire regions, operating from an eight branch network and supplying in excess of 1000 temporary staff each week.
The senior management team has acquired a majority stake from the previous owner and founder (Gary Wilson). The management buyout team including Marc Orli, Kristyan Rachael, Carl Wootton, Lisa Hadfield and Alison Wilby plan further expansion in 2016.
Barclays Bank (Nick Salmons and Julie Bennett) provided the finance facility to support the management buyout.
Legal advice was provided by Nabarro LLP, Sheffield (Gareth Saynor and Caroline Walker) and Massers Limited, Nottingham (Russell Thompson) to the company and vendor.
Hawsons Chartered Accountants, Sheffield (Peter Wilmer and Peter Kennan) provided financial due diligence and tax advisory services respectively.