industry recruitment founded 1867 1 headquarters london uk key people alan thomson chairman alistair cox ceo paul venables group finance director 2 revenue 764.2 million 2015 3 operating income 164.1 million 2015 3 net income 105.6 million 2015 3 number of employees circa 8 823 2015 3 website www.hays.com hays plc is a british company providing recruitment and human resources services . it is listed on the london stock exchange and is a constituent of the ftse 250 index . contents 1 history 2 current operations 3 involvement in price fixing 4 references 5 external links history edit event to celebrate hays plc purchasing st. george s harvey nash a greater china recruitment firm founded by nigel cumberland and james harris . event held in hong kong s fcc in june 2006 the company was founded in 1867 as an operator of wharves and warehouses on the south bank of the river thames . 1 the name can be traced to alexander hay who acquired a brewhouse there in 1651 . it was redeveloped as a wharf in fact an enclosed dock in 1856 and renamed hay s wharf . it was rebuilt after the great fire of southwark in 1861 and still stands ; it was converted in the 1980s into a shopping and restaurant area known as hay s galleria . 4 the kuwait investment authority acquired an indirect 34 % holding in the company in 1975 increased to 100 % in 1980 1 chiefly to acquire the property assets on the south bank of the thames 5 which were sold to st martins property group in the early 1980s . the former hays wharf which hays sold in the early 1980s . it is now called hays galleria . to develop the management team for the services group 5 the kuwaitis backed hays acquisition of farmhouse securities a food distribution business owned by ronnie frost and hays then moved into chemical distribution and office support services with frost and peter david thatcher roberts as ceo . 6 in 1986 it purchased a personnel business called career care group which had been founded by denis waxman . 7 hays was also growing its business storage services which included the brands hays wharf and rentacrate . in 1987 a long planned management buyout was completed 5 and the company launched an initial public offering in 1989 . 1 ronnie frost managed the combined services group from 1987 until he retired in 2001 . 6 in march 2003 hays announced that following a strategic review it intended to reposition itself purely as a specialist recruitment business and that the company would dispose of all non core business including its commercial and logistics operations . 6 following hays change of focus to a recruitment company denis waxman became ceo in july 2004 . 7 in november 2004 hays de merged its dx delivery network which represented the final step in the transformation of hays into a recruitment business . 8 in november 2007 waxman retired and was succeeded by alistair cox . 9 current operations edit hays plc is a specialist recruitment group with operations in the uk continental europe the americas and asia pacific regions . 10 it has a fairly equal balance of work in temporary and permanent recruitment which contributes to financial stability through business cycles . 2 hays operates in 33 countries 11 australia austria belgium brazil canada chile china colombia the czech republic denmark france germany hong kong hungary india ireland italy japan luxembourg malaysia mexico the netherlands new zealand poland portugal russia singapore spain sweden switzerland uae the united kingdom and the usa . involvement in price fixing edit in 2009 the office of fair trading imposed a 30.4 m fine against hays for its involvement in price fixing . the firm along with five other recruitment firms formed a cartel called the construction recruitment forum which agreed to boycott parc a new company that had entered the market in 2003 to act as an intermediary between construction firms and recruitment firms . the six firms received fines totalling 39.3 m hays receiving the biggest fine . 12 hays had its fine cut by the competition appeal tribunal from 30.4 m to 5.9 m following an appeal against the level of a fine imposed by the office of fair trading in september 2009 . 13 references edit a b c d international directory of company histories a b clelland grant 1 october 2007 . fd profile paul venables hays puts its faith in global jobs market . financial news . archived from the original on 2011 10 19 . retrieved 19 october 2011 . a b c d annual report 2015 pdf . hays . retrieved 9 april 2016 . hays galleria a b c wilson andrew 7 october 1989 . hays offer looks tightly priced . glasgow herald . retrieved 19 october 2011 . a b c breaking up the house ronnie built http companycheck.co.uk director 900150873 the independent 5 march 2003 a b common sense will take you far bbc news 28 november 2004 hays unveils 250m payout daily telegraph 4 june 2004 new hays ceo recruiter 5 june 2007 hays recruitment grows everywhere but uk and ireland daily telegraph 7 april 2011 hays enters malaysia . market watch . 9 july 2012 . retrieved 13 july 2012 . recruitment firms fined 39m for price fixing the independent 30 september 2009 competition appeal cuts hays fine the recruiter external links edit official website v t e ftse 100 ftse 250 companies of the united kingdom 3i infrastructure aa aberdeen asset management aberforth smaller companies trust acacia mining aggreko aldermore group alliance trust allied minds amec foster wheeler ao world ascential ashmore group assura atkins auto trader group aveva balfour beatty bankers investment trust barr a.g. bba aviation beazley group bellway berendsen berkeley group holdings bank of georgia bh macro big yellow group b & m european retail value bodycote booker group bovis homes group brewin dolphin holdings british empire trust britvic brown n. btg plc cairn energy caledonia investments capital & counties properties card factory carillion centamin cineworld city of london investment trust clarkson close brothers group cls holdings cmc markets cobham computacenter countryside properties countrywide cranswick crest nicholson cybg daejan holdings dairy crest debenhams dechra pharmaceuticals derwent london dfs dignity diploma domino s pizza drax group dunelm group edinburgh investment trust electra private equity electrocomponents elementis entertainment one essentra esure euromoney institutional investor evraz f & c commercial property trust fidelity china special situations fidelity european values fidessa group finsbury growth & income trust firstgroup fisher james & sons foreign & colonial investment trust g4s galliford try gcp infrastructure investments genesis emerging markets fund genus go ahead group grafton group grainger great portland estates greencoat uk wind greencore greene king greggs gvc holdings halfords group halma hansteen holdings harbourvest global private equity hastings group hays henderson group hicl infrastructure company hill & smith hiscox hochschild mining homeserve howdens 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