CPL Resources

CPL Resources PLC is a human resources company based in Dublin that operates in Ireland and Europe. CPL was founded by current CEO 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.

CPL Resources PLC
Public
Traded as
IndustryHuman resources for IT,

Administration Healthcare Engineering Construction

Financial world
Founded1992
FounderAnne Heraty 
HeadquartersDublin, Ireland
Area served
Europe
Key people
Anne Heraty (CEO)
Paul Carrol (business development)
Josephine Tierney (CFO)
Revenue€ 212,4 million (2009)
€ 257,6 million (2008)
€ 43.000 (2009)
€ 17,6 million (2008)
Websitewww.cpljobs.com/ie

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]

  • 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

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.

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

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/ManagementCzech 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]
Covalen 2019 Managed Services and Outsourcing Ireland

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 1st 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 %.
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 € mln212,4-45,2257,662,1195,547,4148,120,426,025%
Free income € mln35,0-17,552,59,543,014,828,22,711,958%
Operatial profit in € mln0,143-19,619,81,318,58,210,30,974,545%
Net profit € mln0,681-17,318,01,216,87,59,31,053,048%
Profit per share in €cent1,7-46,548,33,345,020,124,92,69,329%

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 HeratyCEO198912.907.76434,7
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 BuckleyCFO2013
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]

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References
  1. Overview Specialist Areas on Investor Relations website Archived 16 June 2010 at the Wayback Machine, visited 2 June 2010
  2. https://www.ardlinn.com
  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
  12. CPL Resources Plc annual report Fiscal year 2009
  13. CPL Resources Plc annual report over FY 2007(
  14. CPL Resources Plc annual report over FY 2000(
  15. Archived 16 June 2010 at the Wayback Machine Board-Of-Directors overview on Investors Relations website, visited: 31-5-2010
  16. Annual Report 2009, page 12
  17. Detail from ISEQ website on CPL Resources Plc Archived 23 June 2010 at the Wayback Machine, retrieved on June 5th, 2010
  18. Value of shares CPL taken from Year-graph CPL shares on ISEQ website, bezocht 5 juni 2010
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