FINANCIALS: MacGregor Boyall, Mint, Next Ventures, REC, Recruit 121
10 October 2013
More financial results came through Companies House today including Recruiter HOT 100 agency Next Ventures, FAST 50 entrant Recruit 121, and the Recruitment & Employment Confederation (REC), as well MacGregor Boyall and Mint Recruitment Solutions.
Thu, 10 Oct 2013More financial results came through Companies House today including Recruiter HOT 100 agency Next Ventures, FAST 50 entrant Recruit 121, and the Recruitment & Employment Confederation (REC), as well MacGregor Boyall and Mint Recruitment Solutions.
MacGregor Boyall
The financial services recruiter saw turnover drop by nearly £5m to £44.3m between 2011 and 2012 – a bigger financial loss compared to the previous year.
Gross profit (GP) of £1.8m compared with last year’s £3m, and a loss after tax of £1m compared with £166k last year.
The report says the company diversified through the year to counteract the impact of depressed recruitment activity in its core UK financial services market, efforts which “continued to bear fruit, albeit relatively slowly”.
Staff levels at the firm dropped from 134 to 109, although the recruiter did open in Dubai and Edinburgh during the year.
Mint Recruitment Solutions
Formerly known as Maxridge, the technology recruiter’s name was changed on 9 July 2012 and recommenced trading around that date after a dormant period, which began on 1 January 2006.
The six months of trading anew garnered revenue of £3.4m, and an operating loss of £476k on a GP of £716k.
All turnover at the 40-person firm was generated within the UK.
Next Ventures
Turnover grew by 8% at the SAP and IT recruiter between 2011 and 2012, although gross profit and final profit dropped slightly.
Turnover of £25.3m resulted in £5.6m in GP, down £34k, and profit of £958k, down £23k.
Growth was roughly spread across the firm’s markets. The UK makes up just under a quarter of business, while just over two-thirds is in the rest of the EU. Turnover growth was highest (11%) in the rest of the world region, making up around 12% of the firm.
The firm’s report says that “because of our high staff retention rates, and our ability to attract the very best recruiters to join our company, growth has been strong and from 2008 to 2012 we saw average year-on-year growth of 51%”.
REC
Turnover at the trade body was marginally down on last year, dropping by £16k to £6.1m.
The organisation’s surplus (ie. profit) for the year was £54k, compared with £317k in 2011.
Recruit 121
Turnover dropped by £3.5m to £24.8m at the SAP recruiter, leading to a drop of around a quarter in gross profit to £3.6m.
This saw the firm turn last year’s operating profit of £128k into an operating loss of £543k.
The company’s business is divided almost exactly 50:50 between Europe and the US. The slightly larger European segment saw slightly slower turnover decline than the US.
The company’s report notes that trading “has improved post-year end and the directors are confident that the group will return to profitability”.
The firm was ranked 30th on Recruiter's 2013 FAST 50 list of the UK's fastest-growing recruitment businesses, according to annual sales growth.
MacGregor Boyall
The financial services recruiter saw turnover drop by nearly £5m to £44.3m between 2011 and 2012 – a bigger financial loss compared to the previous year.
Gross profit (GP) of £1.8m compared with last year’s £3m, and a loss after tax of £1m compared with £166k last year.
The report says the company diversified through the year to counteract the impact of depressed recruitment activity in its core UK financial services market, efforts which “continued to bear fruit, albeit relatively slowly”.
Staff levels at the firm dropped from 134 to 109, although the recruiter did open in Dubai and Edinburgh during the year.
Mint Recruitment Solutions
Formerly known as Maxridge, the technology recruiter’s name was changed on 9 July 2012 and recommenced trading around that date after a dormant period, which began on 1 January 2006.
The six months of trading anew garnered revenue of £3.4m, and an operating loss of £476k on a GP of £716k.
All turnover at the 40-person firm was generated within the UK.
Next Ventures
Turnover grew by 8% at the SAP and IT recruiter between 2011 and 2012, although gross profit and final profit dropped slightly.
Turnover of £25.3m resulted in £5.6m in GP, down £34k, and profit of £958k, down £23k.
Growth was roughly spread across the firm’s markets. The UK makes up just under a quarter of business, while just over two-thirds is in the rest of the EU. Turnover growth was highest (11%) in the rest of the world region, making up around 12% of the firm.
The firm’s report says that “because of our high staff retention rates, and our ability to attract the very best recruiters to join our company, growth has been strong and from 2008 to 2012 we saw average year-on-year growth of 51%”.
REC
Turnover at the trade body was marginally down on last year, dropping by £16k to £6.1m.
The organisation’s surplus (ie. profit) for the year was £54k, compared with £317k in 2011.
Recruit 121
Turnover dropped by £3.5m to £24.8m at the SAP recruiter, leading to a drop of around a quarter in gross profit to £3.6m.
This saw the firm turn last year’s operating profit of £128k into an operating loss of £543k.
The company’s business is divided almost exactly 50:50 between Europe and the US. The slightly larger European segment saw slightly slower turnover decline than the US.
The company’s report notes that trading “has improved post-year end and the directors are confident that the group will return to profitability”.
The firm was ranked 30th on Recruiter's 2013 FAST 50 list of the UK's fastest-growing recruitment businesses, according to annual sales growth.
