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Last €0.06 EUR
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PAY1 On Other Exchanges
As of 2:08 AM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

parity group plc (PAY1) Snapshot

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parity group plc (PAY1) Details

Parity Group Plc, together with its subsidiaries, provides a range of recruitment, and business and technology solutions to various clients in the public and private sectors primarily in the United Kingdom. It operates through two segments, Parity Professionals and SuperCommunications. The Parity Professionals segment provides IT professionals, consultants, and project manager recruitment services to companies on temporary and permanent basis; and graduate selection, training, placement, and career development services. The SuperCommunications segment offers business intelligence and digital content production services; and delivers 3D creative technology solutions, as well as resells technology equipment. This segment serves central government departments in the public sector; and manufacturing, retail, IT, telecommunications, and automotive clients in the private sector. The company was founded in 1993 and is based in London, the United Kingdom.

159 Employees
Last Reported Date: 04/28/15
Founded in 1993

parity group plc (PAY1) Top Compensated Officers

Executive Chairman
Total Annual Compensation: 280.0K GBP
Co-Founder, Executive Director, Chairman of P...
Total Annual Compensation: 183.0K GBP
General Counsel and Company Secretary
Total Annual Compensation: 61.0K GBP
Compensation as of Fiscal Year 2014.

parity group plc (PAY1) Key Developments

Parity Group plc Announces Board Changes

Parity Group plc announced Alan David Rommel, currently Chief Executive Officer of Parity Professionals, has been appointed to the Board with immediate effect. Alan has been with the Group since 6 December 1993, having been appointed to his current role on 1 March 2014. He was previously a director of The Association of Professional Staffing Companies Limited. Michael Stuart Aspinall will be appointed to the Board as Group Finance Director with effect from September 14, 2015. Prior to joining Parity, Mike was Chief Finance Officer of Picsolve Limited. Paul Bergin will continue as Interim Group CFO and attend Board meetings until Mike Aspinall joins the Group, after which there will be an appropriate handover period. Philip Swinstead, Group Executive Chairman, will later in the year be reducing his role from full time to three days a week with adjusted remuneration to reflect the time requirement given the Group's revised strategy. Paul Davies, Executive Chairman of PP, will be reducing his time commitment as a part-time executive director to two days per week with adjusted remuneration from September 1, 2015. Andy Law steps down from the Board with immediate effect, but continues to run the Inition digital technology business. David Courtley steps down from the Board with immediate effect as Non-Executive Director.

Parity Group plc Announces Management Changes

Parity Group plc announced that Group Finance Director, Alastair Woolley, is to leave the Group to pursue other interests and steps down from his position as Group Finance Director and from the Board. Mr. Woolley will remain with the Group until the end of June to assist with the orderly transition of the role. The Group have appointed Paul Bergin to act as Interim Chief Financial Officer to ensure the continued robust financial management of the Group. Paul has significant experience in public company finance roles most recently with Digital Barriers plc and McBride plc. The Group will commence a search for a long-term replacement and provide a further update once the search process has concluded.

Parity Professionals Secures Further Business Growth with Places on Two 4 Year Frameworks to Support the Scottish Government and Wider Public Sector

Parity Group plc announced an important contract win for Parity Professionals, its Recruitment and Learning and Development division. Parity Professionals have successfully supported the Scottish Public Sector for the last four years as part of an eight supplier framework to the full Scottish Public Sector market for IT and Interim Management contract staff. The Scottish Government invited tenders for the national supply of Interim IT and Interim Professional staff services with the intention of reducing the supplier base to increase quality and control within the Frameworks to offer greater value for money for the Scottish Public Sector. Following the competitive tender process, Parity Professionals have been awarded a place as one of only three suppliers on both the Interim IT and Interim Professional Staff Services Frameworks, this is for an initial three year period with an option to extend for a further year. The new Frameworks, which commenced on 13 April 2015, will cover a wider variety of skills and role profiles throughout the full, geographically diverse, public sector market in Scotland covering Interim IT, Interim Manager and Interim Specialist type services. The advertised expected value of the Frameworks is in the region of £33 million and £40 million over the term of the Frameworks during what will be a significant period of change in Scotland as more government powers are devolved to Holyrood.


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