1. Our Biggest Success
At the beginning of 1995 two specialist engineers with a strong vision approached HR GO plc seeking financial and business support to convert their vision into a formidable business. A few months later Human Engineering Limited was launched and trading as a specialist organisation providing engineering solutions to ergonomics problems.
Market leader in human factors
Human Engineering, with the strong support of HR GO plc, grew quickly into one of the largest human factors consultancies in the UK and Australia. Human factors are the term used for the application of human physiology and psychology to the design of products and systems to attain safety and usability. The work comprised physical ergonomics, cognitive ergonomics and socio-technical issues.
Over time the company grew to around 50 technical staff and also opened a very successful subsidiary company in Australia and was providing human factors consulting services across most safety critical sectors including rail and road transportation; health services and medical devices; oil, gas and process control; airports and air traffic control; power generation and distribution, defence and marine sectors.
Selling produced new millionaires
While the Joint Venture partners had enjoyed the growing rewards of salary, profit share bonuses and dividends they reached a stage where they wished to secure the capital growth they, with the support of HR GO, plc had generated. As a result and with the full support of HR GO plc they talked to a number of interested parties and concluded a sale agreement.
The trade sale was completed in July 2008, some 13 years after the Joint Venture was established. The agreed sale price was almost £5 million with HR GO plc receiving £2.5 million and the four Joint Venture partners receiving between them almost £2.5 million. This was a very happy conclusion for all parties.
2. A Millionaire in the Making
This particular recruitment company was established in 1999. A recruitment entrepreneur was looking to free himself from the corporate bureaucracy of a large business environment and seek an environment where he could choose a team and create a freer and more dynamic culture through earnest endeavour, so enabling him and his team to achieve both emotional and improved financial satisfaction from a job well done.
High potential from the High Street
The business is a typical ‘High Street’ recruitment business placing permanent and temporary workers in a wide range of roles in most sectors of the economy in a 3,500 square kilometre region of the UK. The company has grown from nothing to over £7 million sales per annum and is one of HR GO Group’s many successful joint venture companies.
Much of this success has been down to the managing director and senior joint venture partner who has led sales development and has established a strong and stable team of top performers. Free from the day-to-day administration, provided by HR GO plc, the team have concentrated on providing clients with consistently high standards of service, speedy responses and a very competitive package of solutions to all staffing matters.
Success is shared
The success may be summed up in many ways but a couple of key financial measures indicate the real value of our joint venture partnerships. In addition to good salaries and profit sharing plans the joint venture partners have earned dividends from their equity ownership.