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.

Description

As of 2010, CPL consisted of 12 companies with 21 offices :
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 and CPL Solutions 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.
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 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. 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".

Mergers and acquisitions

CPL has acquired over a dozen companies during its existence. These were all acquired after its listing as a public company.
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
2015Scientific and Clinical recruitmentUnited Kingdom
Covalen2019Managed Services and OutsourcingIreland

Financials

CPL's financial year runs from 1 July to 30 June of the next year. In the table below 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. Each figure is followed by its delta comparing it to the previous year with these exceptions:
ItemFY 2009Delta 2008FY 2008FY 2007Delta 2006FY 2006Compared to 2000
avg.per year		FY 2000Delta 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:
Namefunction/rolewith CPL since# shares holding
as per 30-06-2009		=% of issued shares
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.
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.