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CPL Resources

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CPL Resources
Company typePublic
IndustryHuman resources
Founded1992
HeadquartersDublin, Ireland
Area served
Europe
Key people
Revenue
  • € 212,4 million (2009)
  • € 257,6 million (2008)
  • € 43.000 (2009)
  • € 17,6 million (2008)
Websitehttps://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

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

  • CPL: IT, construction, sales/marketing, call-centers (using companies and/or trade-names as: CPL Resourcing, CPL Solutions, CPL Engineering etc.)
  • Careers Register - Finance, accounting, banking and insurance
  • Tech Skills - Engineering and construction
  • ThornShaw - Pharmaceutical & Medical Devices
  • Flexsource - Industrial, Manufacturing, Hotel & Catering, Retail, Logistics, Construction and Warehousing
  • Ardlinn - Executive Search consultancy specializing in senior appointments (€100,000+) [2]
  • Clinical Professionals Group - Europe's leading life science recruiter
  • Covalen - Managed Services, Outsourcing, Consulting & Advisory Services.

History

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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.[8] 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".[9]

Mergers and acquisitions

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CPL has acquired over a dozen companies during its existence. These were all acquired after its listing as a public company.[10]

Company Year Market Country of origin
Careers Register 2000 Financial Ireland
Multiflex Human Resources 2002 Administration &
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/Management Czech 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 [11]
Covalen 2019 Managed Services and Outsourcing Ireland

Financials

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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:

  • the delta between 2000 and 2006 is the average growth per year
  • the delta over 2000 is a relative growth in %.
Item FY 2009[12] Delta 2008 FY 2008[12] FY 2007[13] Delta 2006 FY 2006[13] Compared to 2000
avg.per year		 FY 2000[14] Delta in % from 1999
Turnover in € mln 212,4 Decrease-45,2 257,6 Increase62,1 195,5 Increase47,4 148,1 Increase20,4 26,0 Increase25%
Free income € mln 35,0 Decrease-17,5 52,5 Increase9,5 43,0 Increase14,8 28,2 Increase2,7 11,9 Increase58%
Operatial profit in € mln 0,143 Decrease-19,6 19,8 Increase1,3 18,5 Increase8,2 10,3 Increase0,97 4,5 Increase45%
Net profit € mln 0,681 Decrease-17,3 18,0 Increase1,2 16,8 Increase7,5 9,3 Increase1,05 3,0 Increase48%
Profit per share in €cent 1,7 Decrease-46,5 48,3 Increase3,3 45,0 Increase20,1 24,9 Increase2,6 9,3 Increase29%

Board of directors

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The board of CPL Resources PLC. is per 30-06-2009 as follows:[15]

Name function/role with CPL since # shares holding
as per 30-06-2009[16]		 =% of issued shares[17]
Anne Heraty CEO 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 CFO 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.[17]

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.[18]

References

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  1. ^ Overview Specialist Areas on Investor Relations website] "Archived copy". Archived from the original on 16 June 2010. Retrieved 2 June 2010.{{cite web}}: CS1 maint: archived copy as title (link), visited 2 June 2010
  2. ^ "Global Irish Executive Search | Ardlinn".
  3. ^ History of CPL Archived 16 June 2010 at the Wayback Machine on investor relations website of the company, last visited 3 June 2010
  4. ^ Statt, Nick (17 July 2018). "Undercover Facebook moderator was instructed not to remove fringe groups or hate speech". The Verge. Retrieved 21 June 2019.
  5. ^ Hogan, Michael (17 July 2018). "Inside Facebook: Secrets of the Social Network, review - Reveals disturbing posts that Facebook allows on its site". The Daily Telegraph. ISSN 0307-1235. Retrieved 21 June 2019.
  6. ^ Hamilton, Isobel Asher (18 July 2018). "Secretly filmed footage reveals the training Facebook moderators are put through". Business Insider. Retrieved 21 June 2019.
  7. ^ Gleeson, Colin (23 October 2018). "CPL has 'strong relationship' with Facebook despite Channel 4 documentary". The Irish Times. Retrieved 21 June 2019.
  8. ^ [4][5][6][7]
  9. ^ O'Connell, Jennifer (30 March 2019). "Facebook's dirty work in Ireland: 'I had to watch footage of a person being beaten to death'". The Irish Times. Retrieved 21 June 2019.
  10. ^ [1] Archived 16 June 2010 at the Wayback Machine CPL Inestor Relations website: History of CPL, visited: 31-5-2010
  11. ^ https://cpl.com/wp-content/uploads/2018/10/Acquisition-of-Clinical-Professional-Limited-3rd-September-2015.pdf[permanent dead link]
  12. ^ a b CPL Resources Plc annual report Fiscal year 2009[permanent dead link]
  13. ^ a b CPL Resources Plc annual report over FY 2007[permanent dead link](
  14. ^ CPL Resources Plc annual report over FY 2000[permanent dead link](
  15. ^ [2] Archived 16 June 2010 at the Wayback Machine Board-Of-Directors overview on Investors Relations website, visited: 31-5-2010
  16. ^ [3][permanent dead link] Annual Report 2009, page 12
  17. ^ a b Detail from ISEQ website on CPL Resources Plc Archived 23 June 2010 at the Wayback Machine, retrieved on 5 June 2010
  18. ^ Value of shares CPL taken from Year-graph CPL shares[permanent dead link] on ISEQ website, bezocht 5 juni 2010
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