Temporary staffing: From business start-up to a holding structure and exit
Acquiring a company, growing to around 150 employees and establishing further businesses: EGIDO supported the clients throughout this journey, from day-to-day bookkeeping to a holding structure and the eventual sale.
- Approx. 150
- employees after one year
- 1 year
- to expand the temporary staffing company
Starting point Where the business started
The clients acquired a company licensed to supply temporary workers. Within a year, they expanded the business to around 150 employees, working in areas including warehousing, manufacturing and skilled trade support roles. During this period, the clients also established further companies for additional business activities.
The challenges
- Rapid growth to around 150 employees within a year
- Setting up bookkeeping and payroll for the growing business
- Further company formations and ongoing investments, including in the vehicle fleet
Requirements The goals
Bookkeeping, payroll and the corporate structure needed to keep pace with the growing business. As the project progressed, the companies were brought together under a holding company and eventually sold.
- Set up and manage digital bookkeeping and payroll
- Provide tax advice on further company formations and investments
- Create a holding structure and support the subsequent sale of the businesses
The solution How EGIDO addressed the challenge
Supporting the start-up and growth
EGIDO advised the clients during the start-up phase and supported their subsequent business development. This also included ongoing advice on investments, including in the vehicle fleet.
Setting up digital bookkeeping
EGIDO set up and managed the digital bookkeeping. DATEV Unternehmen online was used to exchange documents, while invoices were issued through Zwoove.
Managing payroll for around 150 employees
As the workforce grew, EGIDO set up digital payroll and managed the ongoing payroll processing for around 150 employees. Zwoove transferred employee master data and payroll transaction data to DATEV. EGIDO also handled pension insurance audits.
Bringing the companies together under a holding company
EGIDO advised on the creation of the holding structure. The companies were brought into the holding company, and profits were distributed to it in a tax-efficient manner.
Supporting the sale of the companies
The companies were ultimately sold. EGIDO continued to advise the clients during this phase, supporting them throughout the journey from start-up to exit.
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Starting point
Company acquired
Acquisition of a company licensed to supply temporary workers.
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Within one year
Growth to around 150 employees
Expansion of the temporary staffing business and formation of additional companies.
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Next stage
Holding structure created
Companies brought into the holding structure and profits distributed tax-efficiently to the holding company.
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Final stage
Companies sold
EGIDO advised on the sale of the businesses.
The result What changed for the business
Within a year, the acquired business had grown into a temporary staffing company with around 150 employees. The additional companies established during this period were brought together under a holding company. EGIDO supported both the ongoing bookkeeping and payroll operations and the structural changes through to the eventual sale of the companies.
- Digital bookkeeping and payroll set up and managed for around 150 employees
- Pension insurance audits handled and ongoing investment advice provided
- Companies brought into a holding structure and profits distributed tax-efficiently
- Advice provided on the sale of the companies
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