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CPL Resources

Company type	Public
Traded as	Euronext Dublin: DQ5 AIM: CPS
Industry	Human resources
Founded	1992
Headquarters	Dublin, Ireland
Area served	Europe
Key people	Anne Heraty (founder) Paul Carrol (business development) Lorna Conn ( CEO) Josephine Tierney (CFO)
Revenue	€ 212,4 million (2009) € 257,6 million (2008)
Net income	€ 43.000 (2009) € 17,6 million (2008)
Website	https://www.cpl.com/ie

CPL Resources is a human resources company based in Dublin that operates in Ireland and Europe. It was founded in 1992. CPL was founded by 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 (excluding the place of work at the premises of CPL's customers):

• CPL: IT, construction, sales/marketing, call-centers (using companies and/or trade-names as: CPL Resourcing, CPL Solutions, CPL Engineering etc.)
• Careers Register - Finance, accounting, banking and insurance
• Tech Skills - Engineering and construction
• ThornShaw - Pharmaceutical & Medical Devices
• Flexsource - Industrial, Manufacturing, Hotel & Catering, Retail, Logistics, Construction and Warehousing
• Ardlinn - Executive Search consultancy specializing in senior appointments (€100,000+)
• Clinical Professionals Group - Europe's leading life science recruiter
• Covalen - Managed Services, Outsourcing, Consulting & Advisory Services.

History

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 (construction) and CPL Solutions (IT/call centres) 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 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.

Financials

CPL's financial year runs from 1 July to 30 June of the next year. In the table below (and other text) the years mentioned are fiscal years. For example, 2010 means the fiscal year from 1 July 2009, up to and including 30 June 2010.

In the table below figures are published over the period FY 2006 - FY 2009 and also the figures over the first year that CPL was trading on the LSE and ISE (2000). Each figure is followed by its delta comparing it to the previous year with these exceptions:

• the delta between 2000 and 2006 is the average growth per year
• the delta over 2000 is a relative growth in %.

Item	FY 2009	Delta 2008	FY 2008		FY 2007	Delta 2006	FY 2006	Compared to 2000 avg.per year	FY 2000	Delta in % from 1999
Turnover in € mln	212,4	-45,2	257,6	62,1	195,5	47,4	148,1	20,4	26,0	25%
Free income € mln	35,0	-17,5	52,5	9,5	43,0	14,8	28,2	2,7	11,9	58%
Operatial profit in € mln	0,143	-19,6	19,8	1,3	18,5	8,2	10,3	0,97	4,5	45%
Net profit € mln	0,681	-17,3	18,0	1,2	16,8	7,5	9,3	1,05	3,0	48%
Profit per share in €cent	1,7	-46,5	48,3	3,3	45,0	20,1	24,9	2,6	9,3	29%

Board of directors

The board of CPL Resources PLC. is per 30-06-2009 as follows:

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.

References

1. Overview Specialist Areas on Investor Relations website] "Archived copy". Archived from the original on 16 June 2010. Retrieved 2 June 2010.{{cite web}}: CS1 maint: archived copy as title (link), visited 2 June 2010
2. "Global Irish Executive Search | Ardlinn".
3. History of CPL Archived 16 June 2010 at the Wayback Machine on investor relations website of the company, last visited 3 June 2010
4. Statt, Nick (17 July 2018). "Undercover Facebook moderator was instructed not to remove fringe groups or hate speech". The Verge. Retrieved 21 June 2019.
5. Hogan, Michael (17 July 2018). "Inside Facebook: Secrets of the Social Network, review - Reveals disturbing posts that Facebook allows on its site". The Daily Telegraph. ISSN 0307-1235. Retrieved 21 June 2019.
6. Hamilton, Isobel Asher (18 July 2018). "Secretly filmed footage reveals the training Facebook moderators are put through". Business Insider. Retrieved 21 June 2019.
7. Gleeson, Colin (23 October 2018). "CPL has 'strong relationship' with Facebook despite Channel 4 documentary". The Irish Times. Retrieved 21 June 2019.
9. O'Connell, Jennifer (30 March 2019). "Facebook's dirty work in Ireland: 'I had to watch footage of a person being beaten to death'". The Irish Times. Retrieved 21 June 2019.
10. Archived 16 June 2010 at the Wayback Machine CPL Inestor Relations website: History of CPL, visited: 31-5-2010
11. https://cpl.com/wp-content/uploads/2018/10/Acquisition-of-Clinical-Professional-Limited-3rd-September-2015.pdf
12. ^ CPL Resources Plc annual report Fiscal year 2009
13. ^ CPL Resources Plc annual report over FY 2007(
14. CPL Resources Plc annual report over FY 2000(
15. Archived 16 June 2010 at the Wayback Machine Board-Of-Directors overview on Investors Relations website, visited: 31-5-2010
16. Annual Report 2009, page 12
17. ^ Detail from ISEQ website on CPL Resources Plc Archived 23 June 2010 at the Wayback Machine, retrieved on 5 June 2010
18. Value of shares CPL taken from Year-graph CPL shares on ISEQ website, bezocht 5 juni 2010

External links

• Official website

v t e ISEQ Smallcaps companies of Ireland (March 16, 2014)
Abbey Allied Irish Banks AMINEX Conroy Gold and Natural Resources CPL Resources Datalex Donegal Creameries Fastnet Oil & Gas First Derivatives Great Western Mining IFG Group Independent News & Media Karelian Diamond Merrion Pharmaceuticals Mincon Group News Broadcasting Ormonde Mining OVOCA Gold Permanent TSB Petroneft Resources Prime Active Capital TVC Holdings Zamano

• Companies listed on Euronext Dublin
• Companies listed on the London Stock Exchange
• Business services companies established in 1992
• Irish companies established in 1992