CPL Resources explained

CPL Resources
Type:Public
Foundation:1992
Location:Dublin, Ireland
Area Served:Europe
Industry:Human resources
Homepage:https://www.cpl.com/ie

CPL Resources is a human resources company based in Dublin that operates in Ireland and Europe. It was founded in 1992. CPL was founded by Anne Heraty and Keith O'Malley as Computer Placement Ltd in 1989. Currently, the group has 12 companies spread over 21 offices: 12 in the Republic of Ireland, two in Northern Ireland, and seven in the rest of Europe.

Description

As of 2010, CPL consisted of 12 companies with 21 offices (excluding the place of work at the premises of CPL's customers):[1]

History

In 1989, Anne Heraty and Keith O'Malley founded Computer Placement Ltd. providing staff for the IT industry. In 1992, Heraty bought out the other shareholders, including O'Malley and became the 100% owner of CPL. In 1996, Heraty's husband Paul Carrol joined the company. Currently, he is the director of Business Development. In 1994, a restructuring of Computer Placement Ltd. started and from then on they used CPL mainly as a trade-name. The restructuring continued over the next few years and in 1996 the companies' CPL Engineering (construction) and CPL Solutions (IT/call centres) were founded. In 1997 the first new office opened in Limerick. In 1998, some new divisions were set up within Computer Placement Ltd: CPL Telecoms, CPL Sales and CPL Financial.[3]

In July 2018, a Channel 4 investigation on Dispatches titled Inside Facebook: Secrets of a Social Network described CPL's role in providing content moderation services to Facebook through a team of employees who were instructed to allow certain types of graphic violence and hate speech to remain on Facebook. In March 2019, a former worker at CPL's Dublin location reported a high-pressure environment where moderators were required to evaluate videos containing graphic violence, child pornography, animal abuse, and other disturbing content with the expectation of meeting a 98% "quality rating".[4]

Mergers and acquisitions

CPL has acquired over a dozen companies during its existence. These were all acquired after its listing as a public company.[5]

Company Year Market Country of origin
Careers Register 2000 Financial Ireland
Multiflex Human Resources 2002 Administration &<br />Financial Ireland
Tech Skills Resources 2002 Construction/Production Ireland
Ann O'Brien 2002 Secretarial Ireland
Marlborough Group Ltd
temp contracts department
2002 Divers Ireland
Thornshaw Recruitment 2004 Healthcare Ireland
Nurse Finder 2006 Healthcare United Kingdom
Eastlink Recruitment 2006 Production, IT, Construction, Financial Ireland
international active
Key6 Business Solutions 2007 IT/Consultancy/ManagementCzech Republic and
Slovakia
Northside Recruitment Service
Kate Cowhig International Recruitment
Richmond Recruitment Group
2007 General Ireland
Techstaff International 2009 Technique United Kingdom
Nifast 2009 Healthcare Ireland
Ecom Intercations 2009 Financial
customer care
Ireland
Kenny Whelan & Associates 2009 Contract and Permanent Recruitment Ireland
Servisource 2010 Recruitment and Healthcare Ireland
Clinical Professionals Ltd 2015 Scientific and Clinical recruitment United Kingdom [6]
Covalen2019Managed Services and OutsourcingIreland

Financials

CPL's financial year runs from 1 July to 30 June of the next year. In the table below (and other text) the years mentioned are fiscal years. For example, 2010 means the fiscal year from 1 July 2009, up to and including 30 June 2010.

In the table below figures are published over the period FY 2006 - FY 2009 and also the figures over the first year that CPL was trading on the LSE and ISE (2000). Each figure is followed by its delta comparing it to the previous year with these exceptions:

Item FY 2009[7] Delta 2008 FY 2008Delta 2007FY 2007[8] Delta 2006 FY 2006Compared to 2000
avg.per year
FY 2000[9] Delta in % from 1999
Turnover in € mln 212,4 -45,2 257,6 62,1 195,5 47,4 148,1 20,426,0 25%
Free income € mln 35,0 -17,5 52,5 9,5 43,0 14,8 28,2 2,7 11,9 58%
Operatial profit in € mln 0,143 -19,6 19,8 1,3 18,5 8,2 10,3 0,97 4,5 45%
Net profit € mln 0,681 -17,3 18,0 1,2 16,8 7,5 9,31,05 3,0 48%
Profit per share in €cent 1,7 -46,5 48,3 3,3 45,0 20,1 24,9 2,69,3 29%

Board of directors

The board of CPL Resources PLC. is per 30-06-2009 as follows:[10]

Name function/role with CPL since
  1. shares holding
    as per 30-06-2009[11]
=% of issued shares[12]
Anne Heraty 1989 12.907.764 34,7
John Hennesy non-executive
chairman
1989 125.000 0,33
Paul Caroll Business-Development 1996 2.234.061 6,01%
Brefni Byrne non-exec
mbr enumerations grp
1999 10.000 0,03%
Garnet Roche CEO Flexsource 1995 63.192 0,17%
Mark Buckley 2013
Oliver Tatton non-executive 2007 0 0%

The percentages given in the last column of the table above are based on the number of issued shares as of June 2010. The number of issued shares is 37,199,825.[12]

Heraty and her husband Carrol own over 40% of all issued shares in CPL Resources PLC. This stake in the company represents a value of €36 million based on the average price in May 2010 of €2.40. Using the year-low prices of approximately €1.45, as it was in June/July 2009, this represents a value of some €22 million.[13]

Notes and References

  1. Overview Specialist Areas on Investor Relations website
  2. Web site: Global Irish Executive Search Ardlinn.
  3. http://investor.cpljobs.com/history_of_cpl.html History of CPL
  4. News: Jennifer. O'Connell. 2019-06-21. Facebook's dirty work in Ireland: 'I had to watch footage of a person being beaten to death'. The Irish Times. 30 Mar 2019.
  5. http://investor.cpljobs.com/history_of_cpl.html
  6. https://cpl.com/wp-content/uploads/2018/10/Acquisition-of-Clinical-Professional-Limited-3rd-September-2015.pdf{{Dead link|date=February 2022 |bot=InternetArchiveBot |fix-attempted=yes }}
  7. CPL Resources Plc annual report Fiscal year 2009
  8. CPL Resources Plc annual report over FY 2007(
  9. CPL Resources Plc annual report over FY 2000(
  10. http://investor.cpljobs.com/board_of_directors.html
  11. http://investor.cpljobs.com/documents/AnnualReport2009.pdf
  12. Detail from ISEQ website on CPL Resources Plc, retrieved on 5 June 2010
  13. Value of shares CPL taken from Year-graph CPL shares on ISEQ website, bezocht 5 juni 2010