Wed, 27 Nov 2013SAP recruiter Whitehall Resources saw turnover and profit drop in what the business calls “an interesting year overall” in its accounts, submitted to Companies House.

Turnover in the year to 31 May 2013 was just under £17m, down from £19.3m the previous year. However, it says it will hit £25m for the current financial year, ending May 2014.

Operating profits dropped from £1.2m to £967k, and profit for financial year shrunk from £881k to £521k.

The company went through a “major restructure” in the period, according to its accounts, including an “overhaul of our operations support function to include a completely new finance department”, and new teams in a number of divisions. Staff count increased from 29 to 33 over the period.

• The firm was ranked 38th on Recruiter's 2013 FAST 50 list of the UK's fastest-growing recruitment businesses, according to annual sales growth, down from 19th in 2012.