Foresight Group (“Foresight”) has invested £2million into Nottingham-based Quality Service Recruitment. The Investment was made alongside finance from Royal Bank of Scotland.
Established for over 20 years, QS Recruitment delivers high quality recruitment services to businesses throughout the East Midlands and South Yorkshire. The business started as a specialist supplier of HGV drivers and has expanded its offering to provide services to clients and job seekers across six specialist divisions; Driving, Industrial, Engineering, Catering, Office and Care. QS Recruitment has offices in Nottingham, Burton, Lincoln, Derby and Worksop. It has grown sales to an excess of £8million.
The business is led by Peter Gillespie and Brian Smith who have been instrumental in expanding its geographical footprint across the East Midlands in recent years. The team have plans to expand the business into new geographical locations across the Midlands and strengthen its healthcare offering. The incumbent Management are joined by new Chairman Alan Dickinson, formerly Managing Director of Michael Page UK, and Tony Daly as Finance Director.
Funding to assist the growth of the growth of the business was structured by Royal Bank of Scotland with a Term Loan and Invoice Discounting facility.
Peter Gillespie said: “Our commitment at QS Recruitment is to provide quality services to our clients and I am delighted to complete the transaction and work alongside the team at Foresight. At QS Recruitment we are predominantly known for our experience in the logistics sector but have been gradually expanding into other areas. Our aim is to continue to grow our other industry sectors such as our Care Home division and expand geographically, opening additional branches in the East Midlands and Yorkshire”.
Sebastian Saywood of Foresight also joins the Board and commented:
“QS differentiates itself by providing a customer centric service centred on short lead times, 24-7 response and a significant database of experienced candidates in supply constrained markets. I’m looking forward to working with Peter and his colleagues in a strong and ambitious management team as they continue to grow the business.
Stuart Watson, Director Corporate Transactions team at Royal Bank of Scotland added: “This deal has been a real team effort working alongside Andy Tyas, Relationship Director, Alan Stanley, Business Development Director, and Kevin Burrows, Business Development Manager at RBS Invoice Finance. We are delighted to deliver a complete funding solution to support the completion of the transaction and look forward to seeing the business go from strength to strength.”