Connecting Excellence CEO on first acquisition, growth pipeline and Bitcoin strategy

Connecting Excellence Group Plc (AQSE:XCE, OTCQB:XCELF) CEO Scott Ellam spoke with Proactive's Stephen Gunnion about the company’s first acquisition, James Gray Recruitment, its acquisition pipeline and its Bitcoin treasury strategy.
James Gray generated £1.79 million of revenue, £1.27 million of gross profit and £431,000 of EBITDA over the past 12 months.
Ellam described the deal as XCE’s first “copy and paste” acquisition, with a structure designed to align the management team with future performance.
He said the acquisition pipeline is “extremely lively and extremely healthy”, with the deal also generating interest from other recruitment businesses.
Ellam also discussed XCE’s Bitcoin treasury, which has grown to more than 81 BTC, and how the balance sheet strategy can support further acquisitions.
He outlined longer-term ambitions of 100, 200, 500 and 1,000 BTC, alongside revenue targets of £10 million, £25 million and £50 million for the recruitment business.
Watch the full interview to hear more about Connecting Excellence Group Plc’s acquisition strategy, recruitment growth plans and balance sheet approach.
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