FINANCIALS: Fusion Personnel grows but still in the red
29 August 2013
Multi-sector recruiter Fusion Personnel, ranked 14th on Recruiter’s 2013 FAST 50 list of the UK's fastest-growing recruitment businesses, according to annual sales growth, grew turnover by 33% in the calendar year 2012, but again made a loss for the financial year.
Thu, 29 Aug 2013Multi-sector recruiter Fusion Personnel, ranked 14th on Recruiter’s 2013 FAST 50 list of the UK's fastest-growing recruitment businesses, according to annual sales growth, grew turnover by 33% in the calendar year 2012, but again made a loss for the financial year.
/fast-50
Turnover rose to £102.6m, while gross profit crept up by 2%, reaching £12.8m, according to results filed at Companies House.
The firm made an operating loss of £2.5m, down from last year’s £2.8m, although its bottom-line loss of the financial year of £2.8m was £132k more than last year’s.
The report from the company says that the results are “disappointing due to a large bad debt with a major client and the continued depression of the financial services market”, but adds that 2013 “has started strongly in most of our business lines and by the half year the group is ahead of budget”.
Company headcount rose from 195 to 250.
/fast-50
Turnover rose to £102.6m, while gross profit crept up by 2%, reaching £12.8m, according to results filed at Companies House.
The firm made an operating loss of £2.5m, down from last year’s £2.8m, although its bottom-line loss of the financial year of £2.8m was £132k more than last year’s.
The report from the company says that the results are “disappointing due to a large bad debt with a major client and the continued depression of the financial services market”, but adds that 2013 “has started strongly in most of our business lines and by the half year the group is ahead of budget”.
Company headcount rose from 195 to 250.
