CPL Resources

Last updated

CPL Resources
Type Public
IndustryHuman resources
Founded1992
Headquarters Dublin, Ireland
Area served
Europe
Key people
Revenue
  • € 212,4 million (2009)
  • € 257,6 million (2008)
  • € 43.000 (2009)
  • € 17,6 million (2008)
Website 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.

Contents

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 1999, the PLC, CPL Resource PLC was founded and the shares were floated on the DCM marker of the Irish Stock Exchange and the Alternative Investment Market (AIM) market at the London Stock Exchange. In the same year, the company opened an office in Northern-Ireland.[ citation needed ]

In the 2000s, CPL acquired a number of companies including Careers Register, Tech Skills and Multiflex.[ citation needed ]

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

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

CompanyYearMarketCountry of origin
Careers Register2000FinancialIreland
Multiflex Human Resources2002Administration &
Financial
Ireland
Tech Skills Resources2002Construction/ProductionIreland
Ann O'Brien2002SecretarialIreland
Marlborough Group Ltd
temp contracts department
2002DiversIreland
Thornshaw Recruitment2004HealthcareIreland
Nurse Finder2006HealthcareUnited Kingdom
Eastlink Recruitment2006Production, IT, Construction, FinancialIreland
international active
Key6 Business Solutions2007IT/Consultancy/Management Czech Republic and
Slovakia
Northside Recruitment Service
Kate Cowhig International Recruitment
Richmond Recruitment Group
2007GeneralIreland
Techstaff International2009TechniqueUnited Kingdom
Nifast2009HealthcareIreland
Ecom Intercations2009Financial
customer care
Ireland
Kenny Whelan & Associates2009Contract and Permanent RecruitmentIreland
Servisource2010Recruitment and HealthcareIreland
Clinical Professionals Ltd2015Scientific and Clinical recruitmentUnited Kingdom [11]
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 July 1, 2009, up to and including June 30, 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:

ItemFY 2009 [12] Delta 2008FY 2008 [12] FY 2007 [13] Delta 2006FY 2006 [13] Compared to 2000
avg.per year
FY 2000 [14] Delta in % from 1999
Turnover in € mln212,4Decrease2.svg-45,2257,6Increase2.svg62,1195,5Increase2.svg47,4148,1Increase2.svg20,426,0Increase2.svg25%
Free income € mln35,0Decrease2.svg-17,552,5Increase2.svg9,543,0Increase2.svg14,828,2Increase2.svg2,711,9Increase2.svg58%
Operatial profit in € mln0,143Decrease2.svg-19,619,8Increase2.svg1,318,5Increase2.svg8,210,3Increase2.svg0,974,5Increase2.svg45%
Net profit € mln0,681Decrease2.svg-17,318,0Increase2.svg1,216,8Increase2.svg7,59,3Increase2.svg1,053,0Increase2.svg48%
Profit per share in €cent1,7Decrease2.svg-46,548,3Increase2.svg3,345,0Increase2.svg20,124,9Increase2.svg2,69,3Increase2.svg29%

Board of directors

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

Namefunction/rolewith CPL since# shares holding
as per 30-06-2009 [16]
=% of issued shares [17]
Anne Heraty CEO 198912.907.76434,7
John Hennesynon-executive
chairman
1989125.0000,33
Paul CarollBusiness-Development19962.234.0616,01%
Brefni Byrnenon-exec
mbr enumerations grp
199910.0000,03%
Garnet RocheCEO Flexsource199563.1920,17%
Mark Buckley CFO 2013
Oliver Tattonnon-executive200700%

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]

Related Research Articles

<span class="mw-page-title-main">Public limited company</span> Publicly traded limited liability company

A public limited company is a type of public company under United Kingdom company law, some Commonwealth jurisdictions, and the Republic of Ireland. It is a limited liability company whose shares may be freely sold and traded to the public, with a minimum share capital of £50,000 and usually with the letters PLC after its name. Similar companies in the United States are called publicly traded companies. Public limited companies will also have a separate legal identity.

<span class="mw-page-title-main">Accenture</span> Irish multinational consulting company

Accenture plc is an Irish-American professional services company based in Dublin, specializing in information technology (IT) services and consulting. A Fortune Global 500 company, it reported revenues of $64.1 billion in 2023. Accenture's current clients include 91 of the Fortune Global 100 and more than three-quarters of the Fortune Global 500. As of 2022, Accenture is considered the largest consulting firm in the world by number of employees.

<span class="mw-page-title-main">Euronext Dublin</span> Irish stock exchange

Euronext Dublin is Ireland's main stock exchange, and has been in existence since 1793.

<span class="mw-page-title-main">SSE Airtricity</span>

SSE Airtricity is an energy company founded in Ireland in 1997, and now a subsidiary SSE plc. SSE Airtricity supplies and distributes electricity and gas to Northern Ireland and the Republic of Ireland.

<span class="mw-page-title-main">CRH plc</span> Irish building materials company

CRH plc is an international group of diversified building materials businesses whose headquarters is in Dublin, Ireland. It manufactures and supplies a wide range of products for the construction industry. The group was formed through a 1970 merger of two leading Irish public companies, Cement Limited and Roadstone Limited (1949). CRH's primary listings are on the London Stock Exchange and on Euronext Dublin, but from 25 September 2023 its primary listing will be on the New York Stock Exchange.

<span class="mw-page-title-main">Medtronic</span> Irish tax-registered medical device company

Medtronic plc is an American medical device company. The company's operational and executive headquarters are in Minneapolis, Minnesota, and its legal headquarters are in Ireland due to its acquisition of Irish-based Covidien in 2015. While it primarily operates in the United States, it operates in more than 150 countries and employs over 90,000 people. It develops and manufactures healthcare technologies and therapies.

<span class="mw-page-title-main">PC World (retailer)</span> Former British chain of computer stores

PC World was a British retail chain of mass market computer megastores. Established in November 1991, it became part of Dixons Retail in February 1993, and then part of Dixons Carphone, after the merger of Dixons Retail and Carphone Warehouse in August 2014. All of its physical shops in the United Kingdom traded under the combined "Currys PC World" brand, although this was retired in October 2021, after which point the company became known simply as “Currys”.

<span class="mw-page-title-main">Currys</span> British consumer electronics retailer owned by Currys plc

Currys is an electrical retailer and aftercare service provider operating in the United Kingdom and Ireland, specialising in white goods, consumer electronics, computers and mobile phones.

<span class="mw-page-title-main">Airport Line (SEPTA)</span> SEPTA Regional Rail line, Pennsylvania

The Airport Line is a route of the SEPTA Regional Rail commuter rail system in Philadelphia, Pennsylvania, which officially runs between Philadelphia International Airport through Center City to Temple University station. In practice, however, only a few trains originate or terminate at Temple University; most are through routed with lines to the north after leaving the Center City Commuter Connection. Half of weekday trains are through routed with the Warminster Line, with the other half of weekday trains through routed with the Fox Chase Line. All weekend and holiday trains are through routed with the Warminster Line and terminate either in Warminster or Glenside.

<span class="mw-page-title-main">Pendragon PLC</span>

Pendragon PLC is the second largest motor retailer in the United Kingdom. It operates the Evans Halshaw, Stratstone, brands of Quickco, Car Store used car supermarkets in United Kingdom, and dealerships in the United States. The company is based at Annesley, Nottingham. It is listed on the London Stock Exchange.

Vedanta Resources Limited is a diversified mining company headquartered in London, United Kingdom. It is the largest mining and non-ferrous metals company in India and has mining operations in Australia and Zambia and oil and gas operations in three countries. Its main products are Zinc, Lead, Silver, Oil & Gas, Iron Ore, Steel, Aluminium and Power. It has also developed commercial power stations in India in Odisha and Punjab.

<span class="mw-page-title-main">Facebook</span> Social-networking service owned by Meta Platforms

Facebook is an online social media and social networking service owned by American technology giant Meta Platforms. Created in 2004 by Mark Zuckerberg with four other Harvard College students and roommates Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes, its name derives from the face book directories often given to American university students. Membership was initially limited to Harvard students, gradually expanding to other North American universities. Since 2006, Facebook allows everyone to register from 13 years old, except in the case of a handful of nations, where the age limit is 14 years. As of December 2022, Facebook claimed 3 billion monthly active users, and ranked third worldwide among the most visited websites. It was the most downloaded mobile app of the 2010s.

<span class="mw-page-title-main">Connaught plc</span>

Connaught plc was a company in the United Kingdom, operating in the social housing, public sector and compliance markets. A constituent of the FTSE 250 Index, it went into administration in October 2010.

Anne Heraty is an Irish business woman. She is co-founder, major stake-holder and also CEO of CPL Resources.

The ISEQ Smallcaps index is a benchmark stock market index composed of companies that trade on the Euronext Dublin. The index comprises the smaller companies contained within the ISEQ Overall Index. The Small Cap Index represents an asset class of its own, i.e. the smaller quoted companies. This type of asset class offers potential for growth which may not always seen in larger entities. It also represents an attractive asset class from the portfolio theory perspective; i.e. diversification into chosen smaller capitalisation stocks is likely to improve the risk return equation for investors.

<span class="mw-page-title-main">Cynwyd Line</span> SEPTA Regional Rail line

The Cynwyd Line is a SEPTA Regional Rail line from Center City Philadelphia to Cynwyd in Montgomery County, Pennsylvania. Originally known as the Ivy Ridge Line, service was truncated on May 17, 1986, at its current terminus at Cynwyd.

<span class="mw-page-title-main">Chestnut Hill East Line</span> SEPTA regional rail service

The Chestnut Hill East Line is a route of the SEPTA Regional Rail system. The route serves the northwestern section of Philadelphia with service to Germantown, Mount Airy, and Chestnut Hill. It is one of two lines that serve Chestnut Hill, the other one being the Chestnut Hill West Line. The line is fully grade-separated.

<span class="mw-page-title-main">Meta Platforms</span> American multinational technology conglomerate

Meta Platforms, Inc., doing business as Meta, and formerly named Facebook, Inc., and TheFacebook, Inc., is an American multinational technology conglomerate based in Menlo Park, California. The company owns and operates Facebook, Instagram, Threads, and WhatsApp, among other products and services. Meta is one of the world's most valuable companies and among the ten largest publicly traded corporations in the United States. It is considered one of the Big Five American information technology companies, alongside Google's parent company Alphabet, Amazon, Apple, and Microsoft.

Irish Residential Properties REIT Plc or IRES is a multi-unit residential letting company and REIT focused on the Dublin property market and that of other major Irish urban centres. It is listed on Euronext Dublin and is a constituent member of the ISEQ 20 with a market capitalisation of €873m as of 31 January 2020. It has a secondary listing on the London Stock Exchange.

Greencoat Renewables PLC is an Irish investment company investing in primarily Irish and Euro denominated European wind farms and renewable energy infrastructure. Established in 2017, its primary listing is on the Irish Stock Exchange, where it is a constituent of the ISEQ 20 stock market index. Greencoat Capital LLP acts as investment manager to Greencoat Renewables PLC and its sister company Greencoat UK Wind.

References

  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. 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%5B%5D
  12. 1 2 CPL Resources Plc annual report Fiscal year 2009 [ permanent dead link ]
  13. 1 2 CPL Resources Plc annual report over FY 2007 [ permanent dead link ](
  14. CPL Resources Plc annual report over FY 2000 [ permanent dead link ](
  15. Archived 16 June 2010 at the Wayback Machine Board-Of-Directors overview on Investors Relations website, visited: 31-5-2010
  16. [ permanent dead link ] Annual Report 2009, page 12
  17. 1 2 Detail from ISEQ website on CPL Resources Plc Archived 23 June 2010 at the Wayback Machine , retrieved on June 5, 2010
  18. Value of shares CPL taken from Year-graph CPL shares [ permanent dead link ] on ISEQ website, bezocht 5 juni 2010