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Hays plc
Type Public (LSE: HAS)
Founded 1867
Headquarters London, UK
Key people Bob Lawson, Chairman
Alistair Cox, CEO
Industry Recruitment
Revenue £1,278.7 million (2008)
Operating income £105.1 million (2008)
Net income £70.6 million (2008)
Employees circa 8,900 (2008)
Website www.haysplc.com

Hays plc (LSE: HAS) is a British company providing recruitment and human resources services. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Contents

History

The Company was founded in 1867[1] as an operator of wharves and warehouses on the south bank of the River Thames, a trade that dates back to the 17th Century.[2] One of these, Hays Wharf, was rebuilt as an enclosed dock after the Great Fire of Southwark in 1861: it still exists and has more recently been converted into a shopping and restaurant area known as Hay's Galleria.[3]

The Company was first listed on the London Stock Exchange in 1958, and expanded into related activities in transport, storage and warehousing in the 1960s.[2] The importance of the Port of London declined, and the Company's last wharf in the Pool of London closed in 1969.[2]

The Kuwait Investment Office acquired an indirect 34% holding in the Company in 1975, this was increased to 100% in 1980.[2]

The property assets on the south bank of the Thames were sold off to developers in the early 1980s. Instead Hays acquired Farmhouse Securities, a food distribution business, in 1981[2] and moved into chemical distribution and office support services. Most importantly for its long term future, in 1986, it purchased a personnel business called Career Care Group.[2]

The Kuwait Investment Office sold the business to the management in 1987 who then listed the Company on the London Stock Exchange again in 1989.[2]

In 1991 Hays acquired Abels Moving Services of Watton, Norfolk, an East Anglian-based removals and storage firm, from the Abel family, and merged it into the group. Abels held a Royal Warrant, by appointment to HM the Queen for removals and storage services. Hays sold Abels Moving Services to its management in 1998, together with the Brandon, Suffolk and Huntingdon depots.[4]

The Company sold its chemical distribution business in 2001 to Albion Chemicals.[5]

Following a strategic review, the management decided in 2003 to become a specialist recruitment and human resources services business and dispose of all its other businesses.[2] In July 2003 it sold its information management business,[6] in November 2003 it sold its logistics division[7]and in November 2004 it demerged its mail business, DX Services plc.[8]

The former Hays Wharf, which Hays sold in the early 1980s. It is now called Hays Galleria.

Current operations

Hays now provides recruitment services across most white collar employment sectors including accountancy, IT, banking, insurance, construction, property, public services, financial services, legal, education and many others. It has over 5,700 recruitment consultants, operating in more than a dozen European countries and also in Australia, New Zealand and Canada.[9] Its 394 offices are located in 29 countries worldwide.[9] It also offers associated services such as human resources outsourcing, psychometric assessment and salary surveys within its Hays Resource Management brand.

References

External links








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