Overview:
Exigen Group successfully completed the sale of Taylor Martin Recruitment Limited, a Midlands-based recruitment specialist, securing over 400 contract jobs. The company, founded in 2008, provided labour recruitment across multiple sectors and at its peak in 2014 had a turnover of approximately £17 million with 800 temporary contract staff.
Financial Challenges:
Financial difficulties began in 2018 and were compounded by COVID-19 in 2020. David Kemp and Richard Hunt of Exigen Group were appointed Joint Administrators on 19 November 2021.
Administrator Comments:
David Kemp said:
“The sale completion provided continuity of the business, ensuring the 400 temporary staff and employees were not out of work. Seeking professional guidance can be crucial and there should not be any stigma attached to it. We advise businesses to seek guidance and help as soon as possible, to ensure continued success.”
Outcome:
The sale demonstrates how professional advice and structured Administration can safeguard employment, preserve business continuity, and support stakeholders through a period of financial difficulty.