ECI Partners LLP announced today it has taken a majority stake in Citation plc (“Citation”) in order to support Citation in realising its plans for growth.
With over 200 employees, Citation provides professional advice and compliance packages to 7,500 business clients across the UK, via its team of regionally located, employed consultants. The company’s market-leading services provide guaranteed protection in the high risk areas of employment law and health & safety regulations.
Citation clients are 12x less likely to face an employment tribunal, 47x less likely to receive a Health & Safety notice and 8x less likely to have a reportable accident at work compared to other SMEs.
Citation offers an excellent service to its clients with long term future contracts by professional service sector standards. Since 2006, sales have risen more than 50 percent to £15.4 million for the year ended 31 December 2011. The company was winner of the Queen’s Award for Enterprise (Innovation) 2006, and has also been recognised as “market leader” by Orange UK in the National Business Awards.
Andrew Vaughan will join the board as Chairman to work with ECI Partners to expand Citation. Former appointments for Mr Vaughan include Enviros Group, WCI Group and ClarityBlue. Prior to these roles he was Chief Executive of Workplace Technologies which he led through MBO, flotation, and finally sale.
Recent investments in the business services sector include Rhubarb, Clarke Energy, Reed & Mackay and XLN Business Services.
Citation Financial Director Julie Moran, said:
