Executive Summary
InterQuest Group plc is a recruitment business specialising in the provision of IT contractors, permanent staff and executive search and selection. InterQuest listed on AIM in May 2005. The Group has grown principally by acquisition having bought six businesses which together provide IT staffing services to a range of blue chip clients. The AIM listing will facilitate the Group's acquisition-led growth strategy. Gary Ashworth, Chairman, founded the Group in October 2001 with the aim of developing a group of multi-branded IT staffing businesses, each focused on a specific niche area of the UK IT staffing market. In August 2003 Ross Eades joined as Chief Executive forming an experienced management team, with a proven ability to integrate acquisitions, to run larger businesses and a track record of creating shareholder value in the sector. InterQuest is managed as a group of independently branded divisions, each with a different market or candidate skill set focus. Each division operates on a day-to-day basis with a large degree of autonomy whilst benefiting from the key central services of the group such as accounting, legal and IT support, as well as Group wide sales and management training programmes. The Group currently consists of five operating divisions: Genesis: Focused on financial institutions in the City of London. Its client base includes Fidelity Investment, Nomura International plc, Credit Suisse First Boston, Hudson Global Resources Limited and JPMorgan. Insight: Focused on specific technical niches rather than a particular industry group. This is reflected by its client base which is made up of businesses in a variety of sectors, including Pfizer, Dixons, Citibank and Swiss Re Health & Life Limited. InterQuest (UK): Focused on the retail sector, in particular fast moving consumer goods businesses. Its clients include John Lewis plc, Screwfix Direct, Helphire Group plc and Vivista Limited. The Group took on the InterQuest name in 2002. SBS: Focused on the public sector, in particular, central and local government offices. Its clients include the Office of the Deputy Prime Minister and the London Borough of Camden. ITmail: An online candidate database search service used by all of InterQuest's divisions. This database consists of approximately 235,000 CV's and is an additional support tool for all the Group's recruitment consultants.
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