A company that has developed a specialist blue-collar recruiting service is to float on the Alternative Investment Market (AIM) next week.

Staffline Recruitment, which underwent a management buy-out in 2000, has developed a specialist business under which manufacturers effectively outsource the management and recruitment of temporary workers.

The company now has 21 high street branches, and is expecting a turnover of £48m this year, with operating profits of £1.8m.

The management, which will own around 21% after the float, will use the proceeds to pay off debt acquired after the company’s buy-out four years ago.

Andy Hogarth, managing director said that their business focus was on food companies with changing labour demands.