Hydrogen moves into ‘growth mode’ boosted by technical and overseas recruitment
9 September 2013
The chief executive officer of recruitment group Hydrogen tells recruiter.co.uk that the company is “going in to growth mode for the rest of the year and into 2014”, as the firm announces interim results for the six months to 30 June.
Mon, 9 Sep 2013The chief executive officer of recruitment group Hydrogen tells recruiter.co.uk that the company is “going in to growth mode for the rest of the year and into 2014”, as the firm announces interim results for the six months to 30 June.
Tim Smeaton (pictured) nonetheless adds that despite improvements, there is still uncertainty in global markets, but he is “really pleased” with improved productivity within Hydrogen, saying that the more upbeat outlook from the firm comes down to a “mix of both” internal and external conditions.
Net fee income (NFI) at the company increased by 2% to £15.9m in the first half of 2013, with contract business growing net fees by 6% to £8.5m, according to its results, available online.
And the company continued a shift towards international business and away from white-collar professional recruitment, a much similar trend as seen by rival recruiter SThree in its Q3 results, released on Friday. It plans to be 60% non-UK by 2016; for the first six months of 2013 that figure is 44%.
The recruiter saw NFI rise by 5% across 2012.
Smeaton also tells recruiter.co.uk that in the UK market “we do have of a small amount of additional confidence but I think everyone is a little bit wary of talking about any sort of additional trading”. The UK financial services industry “continued to be sticky”, he adds.
Tim Smeaton (pictured) nonetheless adds that despite improvements, there is still uncertainty in global markets, but he is “really pleased” with improved productivity within Hydrogen, saying that the more upbeat outlook from the firm comes down to a “mix of both” internal and external conditions.
Net fee income (NFI) at the company increased by 2% to £15.9m in the first half of 2013, with contract business growing net fees by 6% to £8.5m, according to its results, available online.
And the company continued a shift towards international business and away from white-collar professional recruitment, a much similar trend as seen by rival recruiter SThree in its Q3 results, released on Friday. It plans to be 60% non-UK by 2016; for the first six months of 2013 that figure is 44%.
The recruiter saw NFI rise by 5% across 2012.
Smeaton also tells recruiter.co.uk that in the UK market “we do have of a small amount of additional confidence but I think everyone is a little bit wary of talking about any sort of additional trading”. The UK financial services industry “continued to be sticky”, he adds.
