Staffline has announced the disposal of its workplace training and employability business, PeoplePlus, for net cash proceeds of up to £6.9m. In our view, PeoplePlus was a non-core asset and this deal simplifies Staffline’s platform, allowing it to focus on the faster-growing and strong performing recruitment businesses across the UK and Ireland. The cash proceeds add to Staffline’s already strong net cash position (£9.7m at 31 December 2024, ex. leases), providing the funds for a new £7.5m share ....
