FINANCIALS: Eames Consulting, Experis, Nicoll Curtin, Tangent International and Twenty Recruitment
9 October 2013
Five recruitment firms in the 2012 Recruiter HOT 100 have filed financials at Companies House.
Wed, 9 Oct 2013Five recruitment firms in the 2012 Recruiter HOT 100 have filed financials at Companies House.
The HOT 100, sponsored by Microdec, ranks the UK recruitment firms with the greatest gross profit (GP) per employee. The 2013 HOT 100 will be revealed in the November edition of Recruiter.
The companies are Tangent International (ranked 28th), Nicoll Curtin (50th), Experis (57th), Eames Consulting Group (58th) and Twenty Recruitment (76th).
Eames Consulting Group
The professional recruiter saw turnover drop by 3.5% between 2011 and 2012 in what its UK and Europe boss calls “a period of transformation”, while its Singaporean operation grew.
UK & European turnover, coming from offices in London and Zug, Switzerland, was £16.6m, meaning GP dropped by 6% to £6.4m, as operating profit went from £419k to £289k, and final profit for the financial year fell from £204k to £89k.
The report says 2012 saw the firm “implement a transformation and growth plan”, which Samantha White, managing director for UK & Europe at Eames, tells recruiter.co.uk was “a necessary evil” in as much as while it slowed down the company in 2012, it has provided “the platform for robust growth”, which it has already seen in 2013.
She says that the company reduced headcount from 70 in 2011 to 46 in 2012, and its net fee income (NFI) per fee earner increased from £98k in to £140k.
Meanwhile, the company’s Singaporean operation, which started in 2010, saw revenue nearly double from SGD$965k (£483k) in 2011 to SGD$2.02m last year, according to results supplied by Eames to recruiter.co.uk.
The operation’s profit of SGD$120k for the period compares with a loss of SGD$605k in 2011.
Experis
Experis, the finance, engineering and IT recruiter, part of the Manpower group, posted a slight drop in turnover from £375.4m to £374.8m between 2011 and 2012.
However, GP rose by £504k to £29.8m, and a drop in operating expenses contributed to a rise in profits after tax of £3.9m, much higher than 2011’s £205k.
The vast majority of the firm’s business is in the UK, with its European revenues totalling £2.9m, much reduced from 2011’s total of £16.3m.
Staff totalled 332, up from 298 in 2011.
The firm says its trading performance was “satisfactory given the very challenging market conditions”.
Nicoll Curtin
Turnover of £22.4m in the year to 31 December 2012 suggests slight growth on previous years at the IT and banking recruiter, having registered turnover just shy of £32m in the previous reporting period, the 18 months to 31 December 2011.
GP of £2.3m compared with £3.2m in the previous period. Infrastructure investment meant the firm made a loss for the year of £230k, having profited to the tune of £430k in the previous period.
The firm says trading was faster in the first half of the year, before turnover slowed in the second half. The report notes that costs “have been reduced and the sales effort refocused on profitable growth”, the benefits of which, Nicoll Curtin says, are “already being felt in 2013”.
Staffcount increased from 46 to 64.
Tangent International
IT recruiter Tangent grew its turnover by a quarter to £47.2m in the 12 months to 31 March, as operating profit rose by over half from £692k to £1.1m.
Profit for the financial year doubled to £621k, with Tangent’s staff increasing from 54 to 67 in the period.
The company says that “signs of a slow improvement are starting to appear in some countries”, although says it is “well placed” thanks to “existing strong major client relationships”.
Twenty Recruitment
Turnover rose from £7.1m in 2011 to £8.9m at the professional recruiter, while profit rose six-fold from £30k to £182k.
Operating profit rose from £107k to £329k.
The HOT 100, sponsored by Microdec, ranks the UK recruitment firms with the greatest gross profit (GP) per employee. The 2013 HOT 100 will be revealed in the November edition of Recruiter.
The companies are Tangent International (ranked 28th), Nicoll Curtin (50th), Experis (57th), Eames Consulting Group (58th) and Twenty Recruitment (76th).
Eames Consulting Group
The professional recruiter saw turnover drop by 3.5% between 2011 and 2012 in what its UK and Europe boss calls “a period of transformation”, while its Singaporean operation grew.
UK & European turnover, coming from offices in London and Zug, Switzerland, was £16.6m, meaning GP dropped by 6% to £6.4m, as operating profit went from £419k to £289k, and final profit for the financial year fell from £204k to £89k.
The report says 2012 saw the firm “implement a transformation and growth plan”, which Samantha White, managing director for UK & Europe at Eames, tells recruiter.co.uk was “a necessary evil” in as much as while it slowed down the company in 2012, it has provided “the platform for robust growth”, which it has already seen in 2013.
She says that the company reduced headcount from 70 in 2011 to 46 in 2012, and its net fee income (NFI) per fee earner increased from £98k in to £140k.
Meanwhile, the company’s Singaporean operation, which started in 2010, saw revenue nearly double from SGD$965k (£483k) in 2011 to SGD$2.02m last year, according to results supplied by Eames to recruiter.co.uk.
The operation’s profit of SGD$120k for the period compares with a loss of SGD$605k in 2011.
Experis
Experis, the finance, engineering and IT recruiter, part of the Manpower group, posted a slight drop in turnover from £375.4m to £374.8m between 2011 and 2012.
However, GP rose by £504k to £29.8m, and a drop in operating expenses contributed to a rise in profits after tax of £3.9m, much higher than 2011’s £205k.
The vast majority of the firm’s business is in the UK, with its European revenues totalling £2.9m, much reduced from 2011’s total of £16.3m.
Staff totalled 332, up from 298 in 2011.
The firm says its trading performance was “satisfactory given the very challenging market conditions”.
Nicoll Curtin
Turnover of £22.4m in the year to 31 December 2012 suggests slight growth on previous years at the IT and banking recruiter, having registered turnover just shy of £32m in the previous reporting period, the 18 months to 31 December 2011.
GP of £2.3m compared with £3.2m in the previous period. Infrastructure investment meant the firm made a loss for the year of £230k, having profited to the tune of £430k in the previous period.
The firm says trading was faster in the first half of the year, before turnover slowed in the second half. The report notes that costs “have been reduced and the sales effort refocused on profitable growth”, the benefits of which, Nicoll Curtin says, are “already being felt in 2013”.
Staffcount increased from 46 to 64.
Tangent International
IT recruiter Tangent grew its turnover by a quarter to £47.2m in the 12 months to 31 March, as operating profit rose by over half from £692k to £1.1m.
Profit for the financial year doubled to £621k, with Tangent’s staff increasing from 54 to 67 in the period.
The company says that “signs of a slow improvement are starting to appear in some countries”, although says it is “well placed” thanks to “existing strong major client relationships”.
Twenty Recruitment
Turnover rose from £7.1m in 2011 to £8.9m at the professional recruiter, while profit rose six-fold from £30k to £182k.
Operating profit rose from £107k to £329k.
