SG Recruitment (previously Healthperm Resourcing) is a healthcare recruitment business, established to address the significant shortfalls in healthcare professionals in the UK, Ireland and the Middle East. It supplies permanent employees, sourced mainly from the Philippines.
SG Recruitment is a provider of healthcare specialists, predominately nurses from the Philippines, for which there is strong demand in its main markets of the UK and Ireland, and the Middle East. It only supplies fully qualified permanent nurses and thus helps bridge the gap in the shortage of nurses in these markets. The company was established in 2015 and is currently loss making, but a ramp-up in nurses deployed, coupled with operational gearing, should lead SG Recruitment to break even during 2019. However, this will require careful financing and liquidity management. Our forecasts are under review.
In SG Recruitment’s markets of the UK, Ireland and the Middle East, a growing shortage of permanent domestic nurses has created an opportunity for overseas recruitment. UK nurse levels have been affected by a decline in people choosing to train as nurses, increased numbers of nurses retiring and a sharp fall in EU applicants due to Brexit. The Middle East has a relatively low level of nurses compared to its population and healthcare demand is rising. The company is also looking at new countries to place nurses.