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For owners and directors of recruitment companies with limited time.
The Elite Associates programme focuses on the strategic and personal development of your top team.
Elite Associates’ membership includes:
Fortnightly Member meets on Zoom
Where we share and support each other, focus on topical business issues and share solutions, learn from inspiring guests and take away ideas to help us in our business
Special events for Members
- We also host special quarterly Zoom events with guest speakers of the quality of Roger Martin-Fagg (giving us a fascinating economic overview and forecast) and Marcus Child (Vistage speaker of the year 2020)
We provide a safe and secure environment for ongoing sharing and support between meetings for each Member group
Access to our carefully selected Partners and Experts
Who give beneficial terms to our Member community. These are complementary business services to support our Members, including HR consulting, business insurance, leadership development, payroll, health and well-being, marketing and many more’
Insight and information relevant to our Members
Including advice papers, Staffing Industry Analyst updates and REC reports
Elite Associates membership fees start from £125 per month for the above.
Where Members need greater support we offer:
Elite Leaders Membership
Every Member works with one of our Principals to support them during membership and beyond. John, Jeff, Midge, Tara and Sid have 130 years’ experience in our sector and are there to call on at any time
£250 per month
Elite Leaders Plus
Elite leaders plus a monthly 90 minute 1 to 1 session with an Elite Principal
£500 per month
Elite Leaders Plus Plus
Elite leaders plus two monthly sessions. This is an opportunity to use one of the Elite Principals on a Non-Executive Director or Advisory basis
£750 per month
ELITE CASE STUDIES
Sale: Digital Gurus to Rethink
Digital Gurus joined Elite looking for structured advice and support to address business growth strategy and how to get ready for sale. Our Chairman, John O’Sullivan became Non-Exec Chairman for Digital Gurus, and we also recommended an experienced consultant CFO who Digital Gurus subsequently appointed.
In addition to key directors joining our Elite XL programme, six key managers also joined Elite Future Leaders.
Elite helped the directors at Digital Gurus devise and implement the strategy to grow into a mature, sale-ready business. Alongside more rigorous financial systems and 2nd tier management capability we assisted with compliance which later ensured a very smooth due diligence process.
Through our contacts we identified that Rethink Group were looking to increase their strength in the digital space. We then assisted in appointing the right lawyers and financial advisors and helped steer the deal home.
The initial consideration was a mix of cash and shares in the now enlarged Rethink Group. There was a further, secondary consideration of cash and shares tied to the first year’s performance following the sale.
Of the three founders of Digital Gurus, one is now on the board of Rethink as a significant shareholder in the larger business (and still an Elite XL member), one runs the Dubai operation, and one exited entirely from the business.
Sale: Resourcing Solutions Group to Gattaca
Resourcing Solutions Group joined Elite Leaders 10 years ago, with a number of key managers and directors as members. The owner of the business soon moved onto the Elite XL programme looking for an experienced Non-Exec Director to help get the business into shape for a sale.
Elite helped devise and implement the growth and sale strategy, injecting more rigour into the business and making processes more efficient and consistent. We identified Gattaca plc as the successful buyer out of a number of potential ‘suitors’.
Gattaca bought the business 70% of the business for cash with an option to buy the remaining 30% after 1 year which it subsequently did. The owner and CEO of Resourcing Solutions remained with the business for that 1st year and then exited cleanly.
Sale: RIG Locums to CPL Resources
RIG Locums founder joined Elite XL 10 years ago, looking for help getting the business into shape for a sale. Subsequently several key managers joined our Elite Leaders programme. Elite Chairman, John O’Sullivan, became the board’s key advisor throughout the process of preparation and steering the company through a successful sale.
CPL Resources bought the business for shares in the enlarged group, of which the RIG Locums founder is now a board director (and remains an enthusiastic member of Elite XL).
Sale: Henlow Recruitment Group to nGAGE
The two founding directors of Henlow Recruitment Group joined Elite XL 5 years ago looking for an experienced Chair and Non-Exec Director to help get the business into shape for a sale. Elite also recommended an experienced consultant CFO who the directors subsequently appointed.
Elite helped devise and implement the growth and sale strategy, injecting more rigour into the business and making processes more efficient and consistent. Also, on our recommendation, key employees joined our Elite Future Leaders programme. We identified nGAGE as the successful buyer and helped appoint Deloitte and legal experts Mishcon de Reya to help steer the deal.
The initial consideration was for a majority shareholding bought for cash (financed by Graphite Capital), with an agreed formula for the rest of the shareholding.
The two founders have stayed with the nGAGE group to grow the Henlow brand, and the group, internationally. Both remain Elite XL members.
Sale: Omega Resources to Staffline
The two founding directors of Omega Resources (a blue collar recruiter in Gloustershire) joined Elite XL 8 years ago looking for an experienced Chair and Non-Exec Director to help get the business into shape for a sale.
Elite Chairman, John O’Sullivan, became the strategic key advisor to the business throughout the process of preparation and steering the company through a successful sale. John proposed splitting the business into two distinct brands to capitalise on the growing need in the sector for RPO services, as well as helping to implement the growth and sale strategy. Also, on our recommendation, key employees joined our Elite Future Leaders programme.
The business was sold in 2018 to Staffline, entirely for cash for £25M – achieving an impressive sales multiple of 11 – with no tie-in whatsoever for the founders who took a clean exit from the business.
Investment: Elements Talent Solutions by BGF
Talent solutions disruptor, Elements Talent Solutions, joined Elite XL 2 years ago looking for an experienced Chair and Non-Exec Director to assist with finding the right investment partner to fund the rapid growth required to achieve their longer term goals.
Through the Elite XL network our chair, John O’Sullivan, introduced Elements to BGF (Business Growth Fund) who immediately saw the potential and ambition of Elements and their innovative approach.
The deal took 9 months from initial approach to completion and saw BGF invest £3.45M in Elements – which now has a net worth of £30M.
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