Scottish recruitment business sold in pre pack deal

Paul Dounis and Adrian Allen of RSM Restructuring Advisory LLP were appointed Joint Administrators of PRG Recruitment on 16 August 2016.

The business was sold by the administrators to Colesco Consulting as part of a pre-pack deal, protecting the jobs of 22 full time staff and many temporary workers.

Paul Dounis, RSM Restructuring Advisory partner and one of the Joint Administrators said:

‘Preserving the value of the business and continuity of service to key clients were our key priorities and we are extremely pleased to have been able to achieve both objectives. The deal allows for the preservation of a long established business and saves a number of jobs in Scotland.’

Margaret Richmond, Managing Director at Colesco Consulting, said:

‘Launching Colesco Consulting has enabled a talented, dedicated and high performing team to continue to deliver a quality service, focused on working in partnership with both our clients and candidates. The word Colesco means to join and grow together and with the experienced team, that offers continuity to our candidates and clients, we are delighted that it enables us to secure the future in our specialist areas.’