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Citation

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One of the better known brands in regulatory consulting, Citation offer employment law and safety compliance systems to smaller SMEs in the main with a number of trade association relationships in place too.

Brands: Citation plc, Citation Employment Law, BibbyCAS, MHL Support, Citation Health and Safety, QMS, ECI

Citation are one of the oldest established brands in the outsourced red tape removal business for SMEs. Leading with employee relations solutions initially they have given more priority to safety compliance services latterly, but have historically been a head to head rival with Peninsula among smaller SME clienteles. Promising a higher level of experienced staff and originally led by a solicitor from a leading employment law specialist practice, Citation plc have won a Queen's Award back in 06 and now prefer TV celebrity endorsement. They offer a full practical compliance service backed by a guarantee rather than the legal expenses insurance policy approach favoured by most other suppliers. A successful competitor to the likes of Peninsula, this is still a complex market where the focus on clients served drives benchmarks and potential. Now majority owned by Hg Capital, a VC team with good experience in this compliance services field, the NED profile estimates their potential to 2020 and maps their competitive position in relation to all of the direct competitors. M&A metrics for the sale and purchase by ECI as well as their acquisitions of former rivals (MHL/Bibby), safety and ISO teams are included. This is a business which has demonstrated strong growth in the past and typifies the focus for investment in regulatory compliance currently.

Due Diligence Profile

14 Deck Due Diligence Profile including M&A benchmarks, market share trends and recent ownership changes: DashBoard Summary updated to reflect the combined Citation and MHL businesses, market share trend and key products/brands; product matrix; P&L from 1995-date with projections to 2015; balance sheet summary to date; Extracts from latest filings and commentary; Benchmarks - net new sales, profitability, sales per employee, average employee costs and payroll as % sales, headcount by type; Benchmarks for the group and headlines for the Bibby/MHL business and its achievements; Market positions by client preference and penetration and key competitive strategy issues; M&A details for Bibby-MHL and ECI Citation including revisions; Group long term trends. Group components compared long term inc Bibby and qms. Market Map - financial long term character and relative position with top 10 suppliers; Stakeholders, contact details; Summary and strengths and weaknesses.
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