SCH snaps up Hays payroll biz
Specialist Computer Holdings has bought Hays Payroll Services for an undisclosed sum. The acquisition is to be transacted through SCS, the reseller's payroll bureau division which will combine with Hays.
Hays is, or was, a leading business outsourcing operation. In recent months it has sought to divest most of its businesses to concentrate solely on its recruitment division. Turnover for the payroll business is lumped in with its consulting business. Last time the company broke out the figures for public consumption, annual sales were £18.5m. No profit figures were given. ®