Shorterm Limited
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Shorterm Limited - overview
Established
1972
Location
Middlesex, -, UK
Primary Industry
Outsourcing
About
Shorterm Limited is a UK-based firm specializing in tailored recruitment solutions designed for the workforce supply chain, particularly in engineering, construction, and logistics sectors. Founded in 1972 in Middlesex, UK, Shorterm Limited focuses on providing recruitment solutions without noted business pivots or subsidiaries. The firm has completed a total of 3 deals, including an acquisition by 3i, with financial terms undisclosed. Shorterm Limited offers a wide range of tailored recruitment solutions for sectors such as engineering, construction, and logistics.
Their core services include temporary and permanent staffing aimed at addressing labor shortages and skill gaps. The company caters to a diverse clientele, including multinational corporations and SMEs, primarily in the UK and expanding into European markets like Germany and France. Their recruitment solutions have evolved over the past decade to meet changing market demands. In the most recent year of 2023, Shorterm Limited reported a revenue of USD 193.
79 mn and an EBITDA of USD 4. 73 mn. The company generates revenue through B2B partnerships and direct engagements, with service agreements typically structured on a per-placement basis or subscription models. Shorterm Limited aims to enhance its service offerings with the development of new products tailored for emerging market needs, although specific launch dates remain unannounced.
The company is targeting expansion into additional European markets by the end of 2024. Recent funding from 3i will support these growth initiatives, allowing it to strengthen its recruitment capabilities and broaden its geographic footprint.
Current Investors
Growth Capital Partners
Primary Industry
Outsourcing
Sub Industries
Recruitment/Executive Search
Website
www.shorterm.co.uk
Company Stage
Mature
Total Amount Raised
Subscriber access only
Shorterm Limited - timeline of key events
Shorterm Limited - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 53,540,000 | 64,763,000 | 56,943,000 | 71,067,000 | 87,099,000 | 102,203,000 | 105,969,000 | 124,108,000 | 137,629,000 | 130,652,000 | 128,562,000 | 121,259,000 | - | - | - |
| % Revenue Growth (YoY) | - | 21.0% | (12.1%) | 24.8% | 22.6% | 17.3% | 3.7% | 17.1% | 10.9% | (5.1%) | (1.6%) | (5.7%) | - | - | - |
| EBITDA (USD) | 721,000 | 764,000 | 967,000 | 1,388,000 | 2,202,000 | 3,134,000 | 3,981,000 | 4,801,000 | 4,591,000 | 3,042,000 | 2,181,000 | 3,015,000 | - | - | - |
| Operating Income (USD) | 633,000 | 688,000 | 839,000 | 1,072,000 | 1,766,000 | 2,837,000 | 3,800,000 | 4,613,000 | 4,338,000 | 2,789,000 | 1,931,000 | 2,814,000 | - | - | - |
| Operating Margin | 1.2% | 1.1% | 1.5% | 1.5% | 2.0% | 2.8% | 3.6% | 3.7% | 3.2% | 2.1% | 1.5% | 2.3% | - | - | - |
| % EBITDA Margin | 1.3% | 1.2% | 1.7% | 2.0% | 2.5% | 3.1% | 3.8% | 3.9% | 3.3% | 2.3% | 1.7% | 2.5% | - | - | - |
| NET Income (USD) | 344,000 | 375,000 | 451,000 | 592,000 | 1,085,000 | 2,048,000 | 2,806,000 | 3,555,000 | 3,169,000 | 1,992,000 | 1,469,000 | 2,274,000 | - | - | - |
| % Net Margin | 0.6% | 0.6% | 0.8% | 0.8% | 1.2% | 2.0% | 2.6% | 2.9% | 2.3% | 1.5% | 1.1% | 1.9% | - | - | - |
Shorterm Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | Shorterm Limited | - | ||||||||
| Secondary Buyout | Completed | Shorterm Limited | - | ||||||||
| Buyout | Completed | Shorterm Limited | - |
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Shorterm Limited - employee data
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