Recruitment firm Cordant Group transforms into social enterprise.

The £840 million business have pledged to invest in education, employment and healthcare as part of a five-year plan to transform the business.

The second-largest recruitment and services business in the UK, Cordant Group, has turned its business plan on its head to become a social enterprise.

As part of a five-year plan, the firm has pledged to reinvest the majority of its profits into social programmes across education, employment and healthcare.

The family-owned business, which has revenues of £840 million and employs 125,000 workers across the likes of schools, care homes and hospitals, is also capping dividends for shareholders and pay for executives.