Empresaria Group snaps up remaining interest in Skillhouse

Empresaria Group is the sole owner of Skillhouse after purchasing the remaining 10 per cent interest in the recruitment company, the staffing specialist said Monday.

The AIM-quoted group announced it bought the stake for a total consideration of £0.45m in cash.

"In line with group strategy, discussions are ongoing with the senior managers of Skillhouse to implement an equity incentive plan for the next stage of growth," the company said in a statement.

Skillhouse specialises in the placement of IT professionals on a permanent and temporary basis.

The company generated revenue of £8.1m and profit before tax of £0.6m for the year to December 31st, 2011.

RD