Andy Scott buys WestOne
Andy Scott has purchased two leading Central London Leisure Recruitment agencies. Established in 1996, West One is a boutique Catering and Hospitality recruiter offering permanent and temporary recruitment solutions to establishments across London and the South East. From Kitchen Porters to Michelin Star Chefs and from funky pop-ups to classical fine dining restaurants, West One is a Catering and Hospitality agency that is at the very heart of the London food and drink scene and has experienced exponential growth over the last two years, especially in the Temps business. The sale of the businesses was brokered by Axis Business partnership. The business will be relocated to REL Capital new Head office at 47-50 Margaret Street by Oxford Circus where group companies operate from including the recently purchased 3 million T/O Contraband International Ltd a leading UK entertainments agency brokered by BCMS Corporate
Andy has purchased the companies personally, but will be run by Managing Director Adam Lewis, and the existing second tier management team, with other businesses to be bolted onto WestOne over the coming months.
Elsewhere Andy is developing various leisure real estate projects across the South Coast, and is Investor / Chairman of REL Capital Ltd a purchaser of SME’s in London and the South East for long term growth and hold.
REL Capital have agreed terms to purchase two other businesses, and are actively looking and have funding in place to purchase several businesses this year.
Acquisition Criteria
- Location – London / South East
- Non sector specific
- Turnover 1.5million-7.5million (Smaller considered if bolt on to existing portfolio investments)
- EBIT 250k+
- Turnaround, distressed opportunities / pre-pack sales + debt purchase welcome
- Maximum purchase 3 x EBIT as a multiplier and most deals completed within 14 days.
- Management team can be retained in a consultancy role, retirement sale or longer term exit considered
Please do get in touch with any opportunity that maybe suitable.
Andy Scott – 0203 794 0300 – as@relcapital.co.uk
