FINANCIALS: Servoca sees revenue jump 19%

Specialist outsourcing and recruitment solutions provider Servoca has seen revenue jump 18.8% year-on-year, according to unaudited interim results for the six months ended 31 March 2017.

The results, published this morning, reveal revenue rose to £40.93m from £34.4m on the previous year. Gross profit also rose 8.8%, from £8.9m to £9.7m, along with earnings before interest, tax, depreciation and amortisation from £1.52m to £1.95m over the same period.

Across the group, the firm’s security business posted a “substantially” improved performance, the firm’s criminal justice business saw “continued” positive momentum, while its healthcare recruitment division witnessed another period of “significant” year-on-year growth.

However, the firm’s domiciliary care business witnessed a “challenging” year, while there were also “tougher” conditions for the group’s education recruitment business.

Commenting on the group’s performance over the period, CEO Andy Church pointed to substantial growth for the business and a performance benefitting from a diversified business mix. 

“The group operates in six distinct markets and revenues in each one were ahead of the corresponding period last year. Performance in the first half leaves the group well placed to deliver against full-year expectations,” he added.

• Want to comment on this story? Email us at recruiter.editorial@redactive.co.uk or tweet us below to tell us your thoughts. We will run comments online in a round-up at the end of the week.

Email story to a friend

CONTRACTS & DEALS: 18-22 JUNE 2018

This week’s contracts include: Abbott Laboratories, Capita, City Bridge Trust, CivilisedBank, ClearStar, Curve Group, Dartmouth Partners, Head Medical, Literacy Capital, John Lewis, Mayor of London’s Young Londoners Fund, MERJE, Ministry of Defence, SAP, Volcanic, Workday

Contracts 18 June 2018

de Poel to rebrand under parent GRI’s name

de Poel is rebranding in a move that will see the neutral vendor managed service provider take the name of its US parent company GRI, the company announced yesterday.

15 June 2018

CONTRACTS & DEALS: 11-15 JUNE 2018

This week’s contracts and deals include: Cordant Group, Cornerstone OnDemand, FCSA, The Curve Group, Workday

Contracts 11 June 2018

CONTRACTS & DEALS: 4-8 JUNE 2018

This week’s contracts & deals include: Centro Group, greenbean by NRG, Green Park, Workforce Staffing

Contracts 6 June 2018
Top