CEG Acquires UK Recruitment Firms for £575K
Connecting Excellence Group has made its first acquisition, targeting two UK-registered recruitment companies trading as a single brand. The deal involves an initial cash consideration of £575,000, with a net cash outflow of approximately £150,000 after settling vendor debts.
The acquisition aligns with the group's strategy to purchase owner-managed specialist recruitment businesses. The targets generated combined unaudited revenue of £1.79 million in the twelve months to June 30, 2026, representing a 21.5% increase over the prior period. They reported gross profit of £1.27 million at a 70.9% margin and EBITDA of £431,000.
The group will purchase the targets' 8.216 Bitcoin at market value with no premium, effectively swapping cash for digital assets within the consolidated balance sheet.