Leading recruitment company NuStaff is celebrating a record-breaking year following the successful completion of a Management Buy Out (MBO) supported by GS Verde Group.

Just 12 months on from the deal, the business has reported a 92% increase in revenue and has fully repaid its Development Bank of Wales (DBW) loan six years ahead of schedule.
The transaction, which saw the management team take full control of the business, laid the foundations for rapid and sustainable expansion. Since completing the MBO in 2024, NuStaff has significantly broadened its service offering and strengthened its team with strategic hires across key business areas.

Commenting on the milestone, Dave Matthews, Director at NuStaff, said:
“When we completed the MBO, we had a clear vision to grow the business in a sustainable and ambitious way. To have achieved 92% growth in just 12 months and to repay our Development Bank of Wales loan six years early is something we are incredibly proud of. This is a testament to the dedication of our team, the trust of our clients, and the strong foundation the MBO gave us.”

NuStaff’s growth has been fuelled by a combination of expanded services and new sector-specific capabilities, including tailored recruitment campaigns and consultancy solutions. These enhancements have allowed the business to meet increasing demand across its markets while maintaining a personalised, client-centric approach.

The early repayment of the DBW loan highlights the strength of the company’s performance and underscores the success of the MBO model in unlocking growth potential. With further expansion plans underway, NuStaff is well-positioned for continued success in the UK recruitment sector.

Mr Matthews added, “We are grateful to GS Verde Group for their expertise and guidance throughout the deal process.”

GS Verde Group advised on all aspects of the transaction, supporting the management team through a pivotal growth journey. The firm’s expertise in delivering integrated legal, finance, and communications advice has made it a go-to partner for businesses pursuing transformational deals.