Empresaria is a global specialist staffing group operating from 20 countries across 6 diversified sectors.
Our purpose is to positively impact the lives of people, while delivering exceptional talent and solutions to our clients globally.
Empresaria is a global specialist staffing group operating from 20 countries across 6 diversified sectors.
Our purpose is to positively impact the lives of people, while delivering exceptional talent and solutions to our clients globally.
employees, as of 31st December 2019
The clock is ticking again! Off-payroll working rules from 6 April 2021 - extension of IR35 to the private sector.
The legislation is in place and there does not look to be a U-turn coming, so from 6 April 2021 IR35, or now the so-called “off-payroll working rules”, will be extended to the private sector. Large and medium companies who hire contractors (either directly or via agencies) will be responsible for assessing the IR35 employment status of each of these contractors for each assignment undertaken. This IR35 assessment will determine whether the contractor needs to be paid via PAYE (“inside IR35” - effectively as an employee for tax purposes) or can be paid gross if the contractor operates via a personal service company (“outside IR35”). This gives businesses a few months to prepare for what can be a complex task, with serious consequences for businesses if you get it wrong. The legislation includes tax debt transfer rules so whilst the responsibility for making the PAYE income tax and NICs deductions and paying employer’s NICs is on the company paying the limited company contractor, the debt transfer rules do give HMRC the ability to transfer the liability for any unpaid taxes in the supply chain to end-user clients. Deborah McWilliams, Empresaria Group Tax Manager, stated “we are urging all our UK Empresaria brand clients to review the potential impact of these changes now and establish a timeline to implement any changes required. Additionally, the new rules will catch contractor placements made now which will run past 6 April 2021.”Suggested actions:Action 1Action 2Action 3Action 4Review contractor workforce and future contractor requirements, review how you work with contractors/ freelancers, consider indicative IR35 assessments for common contractor assignments.Discuss with your trusted agencies what changes may need to be made to current and future contractor roles and/or contractor engagement and pay arrangements. Implement any changes required to your engagement arrangements and contractor roles. Ideally this would be based on a tailored approach for each contractor role.With your chosen solutions in place, you should be protected against the upcoming legislation. Set up processes to monitor ongoing compliance. We can help you to deal with these additional responsibilities including identifying and implementing the best solutions to help protect you from potential tax and employment liabilities.Businesses need to ensure that they take the necessary precautions throughout their decisions process. Whenever necessary, contractors must notify their customers about the legislation.It is vital to understand your new responsibilities created by the legislation. These liabilities are crucial in ensuring that your company is legally operating under all legislation.At Empresaria, we service 6 sectors across 20 countries. Our global spanning brands can help you deal with these responsibilities. Whether you are a client needing guidance, searching for the most efficient solution for implementation or helping to protect your company, the Empresaria brands can help.
Rhona Driggs recognised in Staffing Industry Analyst’s Global Power 150 Women in Staffing for the 5th consecutive year
Rhona Driggs, Chief Executive Officer of Empresaria Group plc, has been recognised in the Staffing Industry Analysts Global Power 150 Women in Staffing, for the fifth consecutive year.Rhona’s inclusion in the Global Power 150 Women in Staffing for the fifth year running is an incredible achievement. Her stature within the industry emulates Empresaria’s values and vision of being a leader within the global staffing market. Rhona this year was also included in the SIA’s Staffing 100 Europe.Rhona joined Empresaria in late 2018 and has driven change to create a more unified group, leveraging our wider capabilities and thereby enabling a focus on strategic solutions within the staffing industry. This includes the recent launch of IMS Oneworld in the US, a direct sourcing and talent community management solution for enterprises.The Global Power 150 Women in Staffing are virtually honoured this year. The list recognises female leaders and influencers around the globe within the recruitment industry who have driven the industry forward through the current crisis.“These are women from various backgrounds who are making a difference,” wrote Subadhra Sriram, editor and publisher, media products, at SIA. “As we grapple with a pandemic that has disproportionately impacted women and minorities, women in our industry are working to stop the dramatic backslide on workplace equality Covid-19 has wrought,” Sriram wrote. “Our honorees are building new companies, products, divisions and creating a future of work where women and men can thrive.”See Rhona’s Profile – 2020 Global Power 150 Women in Staffing.About Staffing Industry Analysts (SIA)Founded in 1989, SIA is the global advisor on staffing and workforce solutions. Our proprietary research covers all categories of employed and non-employed work including temporary staffing, independent contracting and other types of contingent labour. SIA's independent and objective analysis provides insights into the services and suppliers operating in the workforce solutions ecosystem including staffing firms, managed service providers, recruitment process outsourcers, payrolling/compliance firms and talent acquisition technology specialists such as vendor management systems, online staffing platforms, crowdsourcing and online work services. We also provide training and accreditation with our unique Certified Contingent Workforce Professional (CCWP) program.
Rhona Driggs recognised by SIA’s Staffing 100 Europe List
The global specialist staffing group Empresaria is pleased to announce that Rhona Driggs, CEO of Empresaria, has been recognised by Staffing Industry Analysts (SIA) in the 2020 list of the 100 most influential European staffing leaders.“The 2020 Staffing 100 Europe leaders stand out in an unprecedented year, going above and beyond in navigating the ‘new normal’ as the world faces a global pandemic and a climate of intense uncertainty,” said Subadhra Sriram, Editor & Publisher, Media Products at SIA. “We congratulate this year’s honourees as they continue to lead their teams in a significantly changed world, staying ahead of the trends, meeting the disruption head on, and doing so with courage, compassion, creativity and commitment.”Rhona commented:“I am honoured to be recognised alongside so many accomplished leaders in our industry. This recognition would not be possible without my incredible team at Empresaria, who have persevered in challenging times and proven that anything is possible with their determination and drive to succeed. I would also like to acknowledge my amazing network of industry peers who have always generously given their time to help others rise.”Tim Anderson, CFO of Empresaria, spoke on Rhona's recognition:"Rhona’s industry knowledge and experience has been invaluable to Empresaria, particularly in these challenging times. Under her leadership the Group is united in its ambition to be a leader in the global staffing industry and has been able to continue to make great operational progress despite the current global economic environment. The continued recognition by SIA reflects the value Rhona brings to both Empresaria and the staffing industry."About the AwardSIA is a global advisor on staffing and workforce solutions. The list honours those individuals whose excellence, drive, and significant efforts stand out as exemplary in the industry over the past year.The 2020 list, comprised of 100 notable influencers, is based on nominations from the ecosystem. It’s not a ranking. Rather, it’s a nod to those leading the charge in the industry.This year’s list includes CEOs, strategists, technologists, reformers and more. They are the executives committed to building their companies while navigating the complex workforce solutions ecosystem.See Rhona’s Profile – 2020 Staffing 100 Europe List
Empresaria Chairman, Tony Martin, honoured in SIA’s Hall of Fame
Global specialist staffing group Empresaria is delighted to announce that Tony Martin, Chairman of Empresaria, has been recognised by Staffing Industry Analysts (SIA) in the Staffing 100 Europe Hall of Fame.The unranked list of just 14, honours individuals that have demonstrated influential qualities throughout their careers, including:“Pursuit of Excellence” – Working hard to raise standards for people within their companies, candidates and clients.“Empower Others” – Inspiring all to take important steps that can help others and finding the right solutions for the right people.“Persistence” – Being adaptable and navigating the workforce solutions ecosystem by taking charge of mergers, acquisitions, needs of the customer, innovation and pioneering new models.“Integrity” – Being ethical and inspiring others to be the same.“Strong Leader” – Using experience and knowledge to elevate the industry.The qualities and skills that are attributed to Tony by his inclusion in the hall of fame are well aligned to the core values of the Empresaria Group. As Chairman since 2004, his leadership drives our values of innovation, encouraging creativity and ingenuity; collaboration, communicating across geographies and sectors to achieve a strong team culture; accountability, inspiring leadership and commitment; responsibility, promoting integrity and honesty; and excellence, delivering results and maintaining discipline. Tony commented:“It has been an honour and a privilege to be a leader of the dynamic development of the staffing industry, in particular the internationalisation and the introduction of specialist sectors. The staffing industry is an essential part of providing the employment market with the innovation and flexibility it requires.”About the AwardStaffing Industry Analysts (SIA) have this year recognized those whose contributions comprise the foundation of the staffing market we see today, noting those of particular influence in a Hall of Fame which speaks to a greater body of work.See the full Staffing 100 Europe Hall of Fame here. About Staffing Industry AnalystsFounded in 1989, Staffing Industry Analysts (SIA) is a global advisor on staffing and workforce solutions. Their proprietary research covers all categories of employed and non-employed work including temporary staffing, independent contracting and other types of contingent labour. SIA’s independent and objective analysis provides insights into the services and suppliers operating in the workforce solutions ecosystem, including staffing firms, managed service providers, recruitment process outsourcers, payrolling/compliance firms and talent acquisition technology specialists such as vendor management systems, online staffing platforms, crowdsourcing and online work services.About EmpresariaFounded in 1996, Empresaria Group plc is a global specialist staffing group operating across 6 diversified sectors in 20 countries but supplying to many more. Driven by our passion for the staffing industry, we are committed to positively impacting the lives of people, while delivering exceptional talent to our clients globally. We are listed on the London Stock Exchange as part of AIM.
Results for the six months ended 30th June 2020
Empresaria Group plc (AIM: EMR), the international specialist staffing group, announces its unaudited interim results for the six-month period ended 30th June 2020.Click here to download the full Interim Statement 2020. For further information contact:Empresaria Group plcRhona Driggs, Chief Executive OfficerTim Anderson, Chief Financial Officervia Alma PRArden Partners (Nominated Adviser and Broker)Corporate Finance: John Llewellyn-Lloyd / Ciaran WalshEquity Sales: Tim Dainton020 7614 5900Alma PR (Financial PR)Rebecca Sanders-HewettSam ModlinHilary Buchanan020 3405 email@example.com
Results for the year ended 31st December 2019
Empresaria Group plc (“Empresaria” or the “Group”) Growth in net fee income in a challenging economic environment. Operational improvements building a strong platform for future growth.Empresaria, the global specialist staffing group, reports its final results for the year ended 31 December 2019.Financial Highlights20192018% change% change (constant currency) *2Revenue£358.0m£366.8m-2%-2%Net fee income£74.5m£72.3m+3%+2%Operating profit£4.0m£10.3m-61%-61%Adjusted operating profit *1£10.4m£12.3m-15%-16%Profit before tax£2.9m£9.4m-69%-69%Adjusted profit before tax *1£9.3m£11.4m-18%-19%Diluted (loss)/earnings per share(1.6)p9.1p-118%Ajusted diluted earnings per share *18.5p12.1p-30%Diversified business delivering growth in net fee income+3%, +2% in constant currency37% growth in Offshore Recruitment Services sectorDecline in profits reflecting a challenging economic environment in certain key marketsImpact from engineering business and Brexit uncertainty in the UK, alongside the weakening of the German automotive sectorStrong growth in other marketsOffshore Recruitment Services adjusted operating profit up 88%Stronger Together initiative with a focus on organic growth and operational improvementAligned business around six core sectors to improve collaboration and leverage synergiesIncreased support from central teamInvestment in common technology (e.g. Bullhorn)Evolving operating models in certain brands to enable them to scale more effectivelyCreating a performance based cultureProposed dividend of 2.2p per share, an increase of 10% in line with progressive dividend policyBuilding a strong foundation that will drive future growth and profits*1 - Adjusted to exclude amortisation of intangible assets identified in business combinations, impairment of goodwill, exceptional items, fair value charges on acquisition of non-controlling shares and, in the case of earnings, any related tax.*2 - The constant currency movement is calculated by translating the 2018 results at the 2019 exchange rates.An interview with management covering the results is available here.Chief Executive Officer, Rhona Driggs, commented: “We are pleased to be reporting net fee income growth in a challenging economic environment. These challenges have impacted the bottom line, particularly in our UK engineering business where we have taken the decision to close a substantial part of the operation.Notwithstanding the wider market challenges, we have made great progress in 2019 in implementing operational improvements that will help us build a strong platform for future growth. These are spearheaded by our Stronger Together initiative, which aligns our business around core sectors, enabling us to share common experiences and leverage synergies.We are focused on driving organic growth and have a series of operational improvements and investments under way to deliver this, some of which are already bearing fruit. Our central team is delivering increased levels of support to ensure our businesses benefit from being part of a global group. Additionally, we are investing in technology, including working with Bullhorn to upgrade our front office system, to ensure that we remain competitive in connecting talent with jobs. Our Offshore Recruitment Services sector, which delivered an 88% increase in adjusted profit, will also be a key driver of growth across the Group as we look to make better use of this internal expertise.While we are cognisant of the ongoing economic and market headwinds, particularly the outbreak of coronavirus, we are confident that the positive changes we have made in 2019 and the further changes and investments planned in 2020 leave us well positioned for the longer term.”- Ends –Enquiries:Empresaria Group plcRhona Driggs, Chief Executive OfficerTim Anderson, Chief Financial Officervia Alma PR N+1 Singer (Nominated Adviser and Broker)Shaun Dobson / James Moat020 7614 5900Alma PR (Financial PR)Rebecca Sanders-Hewett, Sam Modlin, David Ison, Hilary Buchanan020 3405 firstname.lastname@example.orgNotes for editors:Empresaria Group plc is a global specialist staffing group offering temporary and contract recruitment, permanent recruitment and offshore recruitment services across 6 sectors: Professional, IT, Healthcare, Property, Construction and Engineering, Commercial and Offshore Recruitment Services.Empresaria operates in 20 countries across the world including the 4 largest staffing markets of the US, Japan, UK and Germany along with a strong presence elsewhere in Asia Pacific and Latin America.Empresaria is listed on AIM under ticker EMR. For more information: empresaria.comFor the full announcement click here.
Empresaria CEO Rhona Driggs included in SIA’s ‘Global Power 150 – Women in Staffing 2019’
Rhona Driggs, Chief Executive Officer of Empresaria Group plc, has been featured in the Staffing Industry Analysts Global Power 150 Women in Staffing, for the fourth consecutive year.Empresaria is delighted to announce that Rhona has once again been recognised for her continued success and positive influence in the staffing industry. Rhona's inclusion in the Global Power 150 Women in Staffing as part of the International 50, is an outstanding achievement for her and for Empresaria. Her status within the industry reflects Empresaria's ambition as a global staffing company.Rhona's impact since joining Empresaria, a UK listed international specialist staffing company, has resulted in a more focused strategy with an emphasis on organic growth and driving efficiencies. She is highly respected by her work colleagues and her talents and skills have been recognised and appreciated by all across Empresaria. With 29 years in the staffing industry, Rhona brings a wealth of experience in leading and growing businesses operating across some of the largest staffing markets in the world.The Global Power 150 Women in Staffing have recently been honoured at the Executive Forum Europe in London on November 19th. The list recognises female influencers and leaders in the global recruitment market space who have driven the industry forward with their unique vision and considerable contributions. "The women named to this year's Global Power 150 list play an important role in bringing value to the workforce solutions ecosystem, elevating not only the bottom line for their organizations but lifting up their teams through a passionate focus on employee development and creation of positive and inclusive cultures in which talent thrives." said Subadhra Sriram, Editor & Publisher, Media Products at SIA.Tim Anderson, CFO of Empresaria, spoke on Rhona's recognition:"Rhona has brought fantastic industry knowledge and insight to Empresaria. We have made real progress in addressing the challenges facing us as a global staffing company and in uniting the Group behind a common cause. Under her leadership we are confident in our ambition to be a leader in the global staffing market."Rhona Driggs, CEO of Empresaria, commented:"To be recognised alongside these industry leaders is a great honour. Thank you to all the incredible people that have supported me over the years, including my peers and the amazing team at Empresaria. I would also like to acknowledge SIA for recognising and celebrating women in staffing around the world."Rhona's profile - 2019 Global Power 150, 2019 International 50About Staffing Industry Analysts (SIA):Founded in 1989, SIA is the global advisor on staffing and workforce solutions. Our proprietary research covers all categories of employed and non-employed work including temporary staffing, independent contracting and other types of contingent labour. SIA's independent and objective analysis provides insights into the services and suppliers operating in the workforce solutions ecosystem including staffing firms, managed service providers, recruitment process outsourcers, payrolling/compliance firms and talent acquisition technology specialists such as vendor management systems, online staffing platforms, crowdsourcing and online work services. We also provide training and accreditation with our unique Certified Contingent Workforce Professional (CCWP) program.
Results for the six months ended 30th June 2019
Empresaria Group plc (AIM: EMR), the international specialist staffing group, announces its unaudited interim results for the six month period ended 30 June 2019.Click here to download: Interim Results for the six months ended 30 June 2019.For further information contact:Empresaria Group plcRhona Driggs, Chief Executive OfficerTim Anderson, Chief Financial Officervia Alma PRArden Partners (Nominated Adviser and Broker)Corporate Finance: John Llewellyn-Lloyd / Ciaran WalshEquity Sales: Tim Dainton020 7614 5900Alma PR (Financial PR)Rebecca Sanders-HewettSam ModlinHilary Buchanan020 3405 email@example.com
Trading Update and Notice of Results 2019
First half net fee income growth and on course to deliver full year adjusted profit before tax in line with market expectations.Empresaria (AIM: EMR), the international specialist staffing group, is pleased to provide a trading update ahead of announcing its interim results on Wednesday 21 August 2019.For the first half the Group has delivered solid net fee income growth of 7%, 6% in constant currency. As part of the Group's Stronger Together initiative, launched in May, brands have been aligned to the Group's core staffing sectors. This will be a key driver in delivering improved results through increased collaboration in "like" businesses, driving operational efficiencies and maximising synergies in each of the sectors. An analysis of net fee income by sector is provided below.Net fee income by sector for the 6 months to 30 June:£m20192018% change% change (constant currency)*Professional15.614.4+ 8%+ 7%IT6.86.5+ 5%+ 2%Engineering2.22.6- 15%- 15%Commercial9.18.9+ 2%+ 3%Offshore Recruitment Services2.81.8+ 55%+ 55%Intragroup(0.2)(0.2)--Total36.334.0+ 7%+ 6%* The constant currency movement is calculated by translating the 2018 results at the 2019 exchange rates.The Group's Professional sector has shown strong growth, with positive performances overseas and in the UK more than offsetting the adverse impact of Brexit uncertainty on those UK businesses that operate in the financial services and new house sales markets.The Group's IT sector has grown, more than offsetting the challenges of rebuilding the temp base in Japan following the regulatory changes last year.The Group's Engineering sector, which is primarily based in the UK, has struggled in the first half with challenging market conditions and the ongoing impact from Brexit. The business has been restructured with changes to key management and refocused to target the more lucrative white collar part of the market and the Group expects to see improved results starting to come through in the second half of the year.The Group's Commercial sector has a significant presence in Germany where the focus is on rebuilding the temp base following the changes in legislation last year. This has been progressing well but has been offset by the weaker German automotive sector which represents a key market. The Group's investment in July 2018 in the Commercial sector, Grupo Solimano in Peru, contributed £0.9m to net fee income in the period as expected.The Group's Offshore Recruitment Services business in India continues to build on the strong growth of 2018 with another period of significant growth in the first half of 2019. The Group expects this sector to continue to be a strong driver of growth in the future.Adjusted net debt at 30 June 2019 is £18.1m, an increase against the 31 December position of £17.1m. In July the Group invested in additional shares in ConSol Partners for consideration of £3.5m, increasing net debt by this amount.As expected, adjusted profit before tax for the first half is anticipated to be approximately £3.7m (2018: £4.7m) excluding the costs associated with the previous CEO stepping down in June 2019 which have been treated as exceptional. This reflects the lower starting position of businesses in Germany and Japan along with the impact of Brexit uncertainty in the UK and a higher central cost base following the investments made in the second half of 2018. The Board is positive about the prospects for the second half of the year and the Group remains on course to deliver adjusted profit before tax in line with market expectations.Rhona Driggs, CEO of Empresaria, commented:"We have remained focused on efforts to improve organic growth across the Group and as a result our net fee income continues to show improvement. Our sector alignment and continued investment in best in class technology, along with recent actions taken in underperforming businesses, means that we are well placed to continue to drive organic net fee income growth and to improve profitability."Enquiries:Empresaria Group plcRhona Driggs, Chief Executive OfficerTim Anderson, Chief Financial Officervia Alma PRArden Partners (Nominated Adviser and Broker)John Llewellyn-LloydCiaran Walsh020 7614 5900Alma PR (Financial PR)Rebecca Sanders-HewettSam ModlinHilary Buchanan020 3405 firstname.lastname@example.orgNotes for editors:Empresaria Group plc is an international specialist staffing group with 20 brands operating in 21 countries across the globe including the UK, Germany, Japan, India, UAE, Indonesia, Chile, Australia, Thailand, Singapore, Finland, USA, New Zealand, China, Malaysia, Vietnam, the Philippines and Peru.Empresaria offers temporary/contract and permanent staffing solutions as well as Offshore Recruitment Services in seven key sectors: Technical & Industrial, Aviation services, IT & Design, Professional services, Healthcare, Executive search and Retail.Empresaria applies a multi brand, management equity philosophy and business model, with group company management teams holding significant equity in their own business.Empresaria is listed on AIM under ticker EMR. For more information: empresaria.com