Recruitment company bought in £7m deal

ENGINEERING recruitment firm Qualtech Resourcing has been bought for £7m.
The Dewsbury-based company, which was founded in 2004, will take its 31 clients over to the Capital Outsourcing Group.

Qualtech’s co-owner Chris Worthington will continue as a director although the other founding director and finance director Paul Thirlwell has left the board.

West Midlands-based Capital describes itself as “one of the UK’s fastest growing temporary recruitment firms”. Qualtech specialises in engineering, technical, manufacturing, construction and commercial recruitment, with a strong footprint in the North of England.
Richard Sobol, owner of Capital Outsourcing Group, said: “Qualtech Resourcing Limited very much mirror what we do here at Capital – they were an ideal fit for us as we look to expand and we are confident they will make a great addition to our business.
“This acquisition will enable us to firmly establish our Northern offering and provide seamless entry into new markets, which have the potential to provide future growth opportunities.

The purchase is being backed by a £2.4m funding deal with HSBC.

Markus Keller, HSBC’s area director for corporate banking in Birmingham, said the funding will help put Capital “a step closer to achieving its goal to become one of the leading suppliers of temporary and contract staff in the UK within the next five years”.

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