Investment Case

As a leading player in the field of specialist recruitment SThree offers investors the opportunity to buy into a large-scale business with robust credentials:

• Specialist permanent and contract staffing business - founded in 1986, with sustained growth and profit ever since
• Highly cash generative throughout the economic cycle
• Multi-brand & sector approach, with niche specialisations in Information & Communications Technology, Accountancy & Finance, Banking, Engineering, Oil & Gas, Pharma & Healthcare, Human Resources and Sales & Marketing
• Purely organic growth to date, driven by expansion of multi-brand model and development in cash generative markets
• An international business, with 51 offices and circa 1,800 staff, spanning 12 countries with plans to open additional international offices in 2010 and beyond
• Significant equity participation by management and staff c. 20%
• Strong SMEs (small and medium enterprises) and highly diversified client base of c. 7,000
• Home grown and experienced management team
• Balanced business with a gross profit split 54% contract / 46% permanent
• International business now accounts for 60% of gross profit