FINANCIALS: Antal makes loss as turnover drops

The firm’s financial report for the year 2012, submitted to Companies House on 30 September and obtained by recruiter.co.uk this week, shows turnover at the business last year dropping 11%, and last year’s sizeable profit after tax turning to a loss.
Mon, 14 Oct 2013The firm’s financial report for the year 2012, submitted to Companies House on 30 September and obtained by recruiter.co.uk this week, shows turnover at the business last year dropping 11%, and last year’s sizeable profit after tax turning to a loss.

Turnover fell to £12.8m, and Antal’s loss after tax of £700k compares with profit of £1.1m made by the recruiter in the previous year. Staff levels at Antal dropped from 332 to 285.

The results also break down turnover into geographies – UK turnover was up just under 50% to £2m, rest of EU fell 17% to £7.1m and rest of the world by 16% to £3.7m.

This comes after a busy couple of weeks for the recruiter, in which sold its Polish arm to a local recruitment firm, and also hired Tremayne Elson as the new chief executive officer, with its managing director and finance directors leaving the company.

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