All change at recruitment firm after MBO

THE two managing directors of Linsco, a Nottingham-based recruitment company, have completed an MBO of the business.

Linsco operates out of Nottingham, London, Birmingham, Warrington, Glasgow, Coventry, and plans to open offices in Leeds and Edinburgh.

The firm posted a turnover of £23m to 2015, up 10% on 2014.

Last summer the company announced ambitious plans to double the number of staff at its Glasgow office and was expanding its North West presence in Warrington.

Now, managing directors Matt McGregor and Chris Lee, have bought out their chairman, Jeff Elliott.

McGregor said: “This is a very significant moment for the business. Chris and I bought into Linsco back in 2002 and we have worked tirelessly to get the business into the healthy position we are in now. We’ve seen huge changes in economies and legislation, ridden up turns and recessions but throughout that we have always had a commitment to maintaining the highest possible standards of service.

“On the back of that, our growth has been entirely organic. In recent times we have really started to grow significantly, opening offices across the length and breadth of the country, especially where our key sectors are thriving, for example in the north west with civil engineering and construction, and into Scotland. Of course, the real catalyst has been sheer hard work by the whole team and to have the courage of our convictions to invest in a recovering jobs market.”

Lee added: “We’d like to thank Jeff for the opportunity and commitment in asking us to build the business all those years ago.

“Over a quarter of a century, we have all seen many changes here at Linsco and of course in the wider economy and Jeff has always encouraged our vision and passion to build the Linsco brand.

“The MBO is the start of a new chapter for the business and we would like to thank Jeff and all of our professional advisers for their hard work in making this deal as smooth as possible.”

Linsco works in the construction and refurbishment, civil engineering, utilities and facilities management, property and social housing, shopfitting and secretarial and administration sectors.

Click here to sign up to receive our new South West business news...