Do you dream of starting your own recruitment business? You can!
A joint venture with HR GO is a proven way to get your new business up and running quickly and easily. If you're ambitious and a self-starter you should talk to us today.
Lots of people dream of starting their own business. One where they get to take the decisions about how things are done and where they get to keep the profits earned off the back of their hard work and dedication.
If that sounds like you then talk to us about joining the many people that HR GO have already helped to become their own boss.
Over the past 40+ years we have helped tens of people realise their dreams.
After more than 40 years helping new business grow, Jack Parkinson's enthusiasm for a good idea and a new opportunity is undimished.
"This year we have invested more than £1.5m in providing access to state-of-the-art digital infrastructure for all of our existing ventures. I know from experience how important this back up is to ensure they are able to concentrate on building and maintaining the personal relationship crucial to building a successful business.
"At HR GO we see it as our role to help even more people wanting to start up or expand their own companies, and be their own boss, to succeed."
Our formula for creating joint venture partnerships is not limited to recruitment businesses. In the past 2 years we have supported the establishment of 2 new digital joint ventures, Space Between, a web development company, and Discoverable, specialising in digital marketing.
Both of these companies are experiencing strong growth in their own right but are also able to provide excellent cutting edge services and advice to our recruitment businesses.
The success may be summed up in many ways but a couple of key financial measures indicate the real value of our recruitment joint venture partnerships. In addition to good salaries and profit sharing plans the joint venture partners have earned dividends from their equity ownership.
Supporting the formation of recruitment joint ventures with enthusiastic, motivated individuals who are successful in their own fields has been fundamental to the success of HR GO plc. Today turnover totals more than £85m per annum.
Back in 1977 when Jack Parkinson joined the business started by his mother, he immediately saw the opportunity to pioneer joint ventures as a way of driving growth. Attracting entrepreneurial managers who were motivated by having an important share in the businesses they were leading.
The first JV, Refrigeration Recruitment, was formed in 1977, capitalising on Jack’s own refrigeration and air conditioning expertise.
Jack’s dream of creating many millionaires was born there and then.
Joint Venture companies are independent corporate entities (limited companies) where the leaders/key players own part of the equity. The JV partners can concentrate on what they do best (winning and growing profitable business) while benefiting from a package that includes salary, profit share bonuses, dividends and capital growth as the value of their shares in the business grow, and the chance to benefit from growth initiatives in sister businesses.
If you join us as a JV partner we help you to maximise your time productively by providing all the advice and back office services needed by a successful business, including payroll, finance, marketing and IT. New joint venture businesses may also benefit from a share of existing large supply contracts.
We have several different models on offer - talk to us about which is best for your personal situation.
We not only offer a unique opportunity for people with entrepreneurial capability and vision to start a business when Banks or Venture Capitalists may not be so supportive, but also an exit plan so that recruitment Joint Venture partners can really reap the rewards of their success.
Selling a business in the open market is often fraught with difficulties. Confidential data may be treated unprofessionally, key staff may be approached, buyers may be on missions other than purchase and valuations themselves are difficult. But selling in the context of HR GO plc when a Joint Venture partner wishes to reap the rewards of their endeavours is much easier and safer, as shares are valued and agreed and share sales may take place with close colleagues and friends already in the business on a pre-arranged basis.
A recruitment agency that is part of a plc is generally valued at a higher price than a private company.
Pick up the phone and call us for a conversation in complete confidence. We will want to know about your skills, experience, ambitions and how far advanced you are in creating your business plan. If our initial discussions are positive we will invite you to meet with Jack Parkinson to discuss if becoming a Joint Venture Partner with HR GO is right for you.
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.
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.
"I've been in recruitment for 30 years, finding jobs for drivers and clients in the haulage industry and, for the past 3 years, I've been working for HR GO Recruitment as an employee.
"It has always been my ambition to run my own driving recruitment business but until HR GO and Jack Parkinson gave me this opportunity I had never had the resources to do it.
"I want to make my company the one all drivers and hauliers think of first. I'm confident I can because I'm backed by an enthusiastic and talented team of colleagues. It's a really liberating experience being given the space to make more of my own decisions, but knowing that Jack and the team at HR GO are there if I need them."
Jane Mallan, MD HR GO Driving (Fenlands) Ltd
"HR GO PLC offered us the opportunity to do a joint venture with themselves to create our own educational recruitment company Teachright. They supported us with a budget, business mentor, website, marketing and complete back office support. HR GO’s recruitment and business experience has given us the confidence and platform to launch as a new business.
Teachright hopes to have a long and successful partnership with HR GO and continue to use their support to grow our new company. We want to provide the best educational staff and service we can to our schools and nurseries. We believe with this joint venture partnership with HR GO we can deliver our vision".
Educational Director of Teachright
"The backing of HR GO has kept us at #1 in our field."
The Liverpool branch of HR GO Recruitment is a joint venture run by Justine Jones and Mark Ward that specialises in providing staff to call centres across the region.
"When we started back in xxxx, the support from Jack and the HR GO team was critical to getting us up and running quickly so that we could establish ourselves as a reliable option for our clients. Back office services such as payroll, IT and marketing from an experienced team at HR GO allow us to focus on providing a great customer service to our candidates and clients alike, and are essential to keep us ahead of the competition."
It all depends! We operate a range of different models depending on the specifics of each opportunity, some of which will require investment from the JV partner.
If the proposition is strong we are willing to discuss different funding options. Just bring us your ideas – backed up by your experience and commitment and we can talk!
Everything you need to set up and run a successful business, including:
Not having to worry about setting up these services yourself means you can get up and running more quickly, more cheaply, and concentrate on what you do best – providing a service to clients.
Not at all.There is greater flexibility and autonomy because you are not obliged to buy everything from one supplier, although we offer common services such as payroll, IT, marketing and other business support services for a nominal management fee.
We share in the profits with you – a franchise will typically take a share of the revenue even if there is no profit.
Most importantly we do not interfere in a JV – unless essential. We don’t want to make your decisions for you, we trust you to know your market.