Empresaria Group plc

Empresaria is an international specialist staffing group, with a strategy to be diversified and balanced across geographies and sectors, with a focus on high-growth markets. The Group follows a multi-branded approach operating in 19 countries. The Group is organised across three regions: UK, Continental Europe and Rest of the World and operates across seven key sectors. We target a balanced and diversified spread of operations across our regions and sectors to minimise the dependence on any single market, so reducing the impact from market fluctuations and other external factors. We also target professional and specialist job levels where our brands can offer value added services to clients. The Group applies a philosophy of management equity to align the interests of shareholders and key management through the sharing of risk and reward, with operating company management teams investing directly in their own businesses. There is a decentralised structure with local management retaining operational autonomy and central functions focussing on financial planning and control, Group development and administration. The majority of our business is from recruitment services, with 99% of our net fee income derived from recruitment services. Typically our fees for recruitment services are on a contingent basis, so fees are only earned when a vacancy is filled or service is provided. Overall we have a bias towards temporary recruitment, which is generally less volatile than permanent recruitment through the economic cycle. However in those countries where temporary recruitment does not exist or is marginal we focus on permanent recruitment. This is primarily in the emerging staffing markets in our Rest of the World region. We also have Offshore Recruitment Services which represents a range of different recruitment services provided to clients from an offshore centre and we provide training services in South East Asia.