Executive Grapevine | Executive Grapevine International Ltd

Brief updates on recruitment's finances

This month sees a rec director jailed, a worldwide expansion and record...



Gi Group acquires Grafton Recruitment

Gi Group has completed the acquisition of Grafton Recruitment - a European recruitment agency supplying both permanent and temporary staff.

The transaction will enable Gi Group to own 100% of the corporate capital of Grafton Recruitment Europe Holdings Limited.

The recruitment firm holds a consolidated presence in Czech Republic, Poland, Slovakia and Hungary.

Stefano Colli-Lanzi, CEO of Gi Group comments: "In the context of our development plans, this acquisition increases our competitiveness and our international presence starting from the heart of Europe, where we were already operating in the field of temporary employment.”



Turnover at Newcastle recruitment firm hits £16m

Turnover at Newcastle-based recruitment company Samuel Knight International has risen to £16million as the company marked its fourth year of successful growth.

The firm focuses on sourcing engineers for the energy and rail sectors and has additional offices located in London and Bristol.

Samuel Knight Chief Executive Officer (CEO) Steve Rawlingson, says that the company have moved from strength to strength. “There can be no doubt that our success is a result of the incredible talent we have hired.

“Over the past year we have significantly invested in growing the team and creating a culture that people want to be part of. Our ethos when it comes to talent is to focus on less individual backgrounds or previous experience, and instead on identifying people with the right work ethic and attitude.”



Recruitment director jailed for embezzling HMRC funds

The Director of two recruitment firms has been jailed after he stole over £470,000 in VAT and squandered it on luxury cars, houses and a swanky holiday home – the Yorkshire Evening Post reports.

Shaun Clark, who headed both Maxim Healthcare Ltd and Iron Bridge (Yorkshire) Ltd, was found guilty of stealing £470,867 which should have been paid to HMRC between May 2014 and July 2016.

HMRC began looking into the recruitment Director’s tax affairs and soon discovered that Iron Bridge had been charging customers VAT and had never submitted a VAT return.



Frank Recruitment Group expands worldwide

Newcastle-headquartered Frank Recruitment Group is set to open five international offices creating up to 400 new jobs.

The technology recruitment group will open offices in Barcelona, Amsterdam, Warsaw, Cologne and Denver before the end of the year.

Chief Executive Officer James Lloyd-Townshend says that Frank Recruitment Group has always taken an ambitious approach towards growth strategy. "From the first day we opened our doors in Newcastle, right up to the launch of our latest new brands and our most recent international expansion,” he said.

The group, which was established in 2006, operates nine trading brands that each focus on a specific technology product.

The company also recently launched Jefferson Frank and Nelson Frank, two new brands dedicated to Amazon Web Services and ServiceNow, respectively.



Downing Street and Treasury at loggerheads over Swedish derogation

Downing Street and the Treasury are at loggerheads over whether to end a rule known as the ‘Swedish derogation’ which allows employers to pay agency staff less than full-time workers for doing the same job.

The technical name for the Swedish derogation is the “pay-between assignments (PBA) provisions within the Agency Workers Regulations” - based on Article 5.2 of the EU’s temporary agency work directive.

In Matthew Taylor’s July 2017 review into the gig economy and insecure work in Britain, there were calls to close the loophole to prevent employers from abusing the policy.

However, despite calls to block the policy, the Treasury have ruled out making any changes, out of fear of angering business during a period of uncertainty – the Financial Times reports.

However, Matthew Taylor, Head of the RSA think-tank, said several businesses supported his proposals to close the loophole. “Most of the businesses I spoke to for my report said they wanted the regulatory framework that enabled businesses to invest and innovate, not to allow unscrupulous employers to arbitrage the rules,” he said.