FINANCIALS: AMS profits while Jobserve makes provisions

Recruitment and resourcing firm Alexander Mann Solutions (AMS) saw profits double in the year 2012, while the year to 30 September 2012 was challenging – but not as much as bottom-line profit would suggest – for online recruitment services company Jobserve, according to results filed by the firms at Companies House.
Mon, 8 Jul 2013Recruitment and resourcing firm Alexander Mann Solutions (AMS) saw profits double in the year 2012, while the year to 30 September 2012 was challenging – but not as much as bottom-line profit would suggest – for online recruitment services company Jobserve, according to results filed by the firms at Companies House.

AMS
The firm registered a turnover of £533m, up from the £517.7m seen in 2011, with gross profit rising by a similar level, from £92.2m to £98.9m, as final profit after taxation leapt from £3.7m to £7.1m.

This continues the strong growth seen between 2010 and 2011.

AMS’s UK division has kept pace with the rest of the business, representing 89% of turnover in 2012, the same figure as last year. The Rest of Europe turnover figure shrunk by nearly a quarter, although profit before tax in the region rose by nearly a third.

Meanwhile, the Asia-Pacific and North American divisions of the firm grew at a faster rate, now making up 3% and 1.8% of the group respectively, up from 1.7% and 1.1% in 2011.

The firm reports “significant [client] wins in the energy sector in Asia Pacific” and has also “broadening its relationship into new service lines with a number of its existing clients”.

Jobserve
Revenue of £11.6m was up by 0.5% on the previous year, and gross profit dropped by £129k to £7.8m.

The company saw an overall loss for the year of £3.1m, which follows profit of £2.9m in 2011.

The major driver of this was the company making “provision for losses on loans” of £6.7m in total, which includes £4.9m to Colchester United Football Club, and compares with £821k of expense in this category in 2011.

“It is therefore important to consider the operating profit before provisions for losses on loans,” which at £4.7m compares more favourably to 2011’s £5.1m, “which demonstrates the continuing profitability of the company’s core business”, the company’s results report notes.

FINANCIALS: Empresaria reveals fall in profits, but Offshore Services delivers growth

Empresaria’s Offshore Services operations proved to be the shining light in the company’s fortunes in 2023, according to the global specialist staffing group’s annual results.

Financials 27 March 2024

Gi Group trains mental health first aiders to support staff wellbeing

HR and specialist recruiter Gi Group plans to train around 100 mental health first aiders (MHFAs) across the business.

27 March 2024

Recommendations for better integration to support refugees into work

The current integration of refugees system is “broken, expensive, inefficient and damaging” for both refugees and the UK, according to the chair of the Commission on the Integration of Refugees.

Legislation 26 March 2024

HMRC employment tool CEST not updated in five years

The underlying decision engine of HM Revenue & Customs’ Check Employment Status for Tax (CEST) tool has not been updated in five years.

26 March 2024
Top