FINANCIALS: Kellan, McCall, Work Group register losses
30 August 2013
Losses were seen at recruitment group Kellan and Work Group in the first half of 2013, as well as in the full-year 2012 at rec-to-rec firm McCall.
Fri, 30 Aug 2013Losses were seen at recruitment group Kellan and Work Group in the first half of 2013, as well as in the full-year 2012 at rec-to-rec firm McCall.
Kellan
The first half of 2013 saw the company’s revenues edge down and the cost of sales rise marginally, resulting in a wider operating loss than in the same period last year, show its half-year results, available on the recruiter's website.
Revenue of £11.1m compares to £11.7m in the first half of 2012, while an operating loss of £386k in the first half of 2012 grew to £989k this year, just short of the 2012 full-year operating loss of £1.1m.
The firm says it made increased administrative savings and investment in IT.
Growth areas within the company include hospitality & leisure brand Berkeley Scott, which is “continuing to gain market share in the North of England”, whilc RK Accountancy has increased temporary revenue and Quantica Technology is “well positioned to grow” thanks to international growth, according to executive chair Tony Reeves.
Additionally, Reeves says he is “delighted that the Group's growth strategy has been given new and exciting momentum by the recent successful completion of a funding package that will provide us with additional resources to further invest in our infrastructure and our people”.
McCall
Turnover grew from £739k to £767k at the rec-to-rec, which has offices in the UK, Singapore and Sydney.
Growing administrative expenses widened last year’s operating loss from £26k to £222k, which translated into a loss for the year of £179k, following an £8k loss in 2011.
The firm’s parent company is international staffing group Empresaria.
Work Group
Revenue and gross profit dropped significantly at the group, which says it is “now in a position to bring greater focus to its activities” having sold off its executive search and intelligence consultancy Armstrong Craven, according to its interim results, available online.
Armstrong Craven made up just over two-fifths of total group gross profit of £5.1m at the group in the first six months of 2013, the rest coming from recruitment and advertising communications business Work Communications.
The gross profit figure was down from £6.2m in the same period in 2012. While revenues dropped at Work Communications from £7.4m to £5.7m, they grew marginally to £2.1m at Armstrong Craven.
Work Communications made an operating loss of £303k, following profit of £243k last year. Group-wide operating loss totalled £366k.
Chair Simon Howard comments: “Much is changing within the group, and with a reduced cost base we are committed to eliminating operating losses and returning to profitability.”
Kellan
The first half of 2013 saw the company’s revenues edge down and the cost of sales rise marginally, resulting in a wider operating loss than in the same period last year, show its half-year results, available on the recruiter's website.
Revenue of £11.1m compares to £11.7m in the first half of 2012, while an operating loss of £386k in the first half of 2012 grew to £989k this year, just short of the 2012 full-year operating loss of £1.1m.
The firm says it made increased administrative savings and investment in IT.
Growth areas within the company include hospitality & leisure brand Berkeley Scott, which is “continuing to gain market share in the North of England”, whilc RK Accountancy has increased temporary revenue and Quantica Technology is “well positioned to grow” thanks to international growth, according to executive chair Tony Reeves.
Additionally, Reeves says he is “delighted that the Group's growth strategy has been given new and exciting momentum by the recent successful completion of a funding package that will provide us with additional resources to further invest in our infrastructure and our people”.
McCall
Turnover grew from £739k to £767k at the rec-to-rec, which has offices in the UK, Singapore and Sydney.
Growing administrative expenses widened last year’s operating loss from £26k to £222k, which translated into a loss for the year of £179k, following an £8k loss in 2011.
The firm’s parent company is international staffing group Empresaria.
Work Group
Revenue and gross profit dropped significantly at the group, which says it is “now in a position to bring greater focus to its activities” having sold off its executive search and intelligence consultancy Armstrong Craven, according to its interim results, available online.
Armstrong Craven made up just over two-fifths of total group gross profit of £5.1m at the group in the first six months of 2013, the rest coming from recruitment and advertising communications business Work Communications.
The gross profit figure was down from £6.2m in the same period in 2012. While revenues dropped at Work Communications from £7.4m to £5.7m, they grew marginally to £2.1m at Armstrong Craven.
Work Communications made an operating loss of £303k, following profit of £243k last year. Group-wide operating loss totalled £366k.
Chair Simon Howard comments: “Much is changing within the group, and with a reduced cost base we are committed to eliminating operating losses and returning to profitability.”
