FINANCIALS: Kellan Group sees NFI fall but reduces losses

Kellan Group has seen net fee income fall 4%, according to unaudited interim results for the six months ended 30 June 2017.

The multi-discipline recruitment group’s results reveal while year-on-year sales increased by 3% to £10.3m, compared with £10m in H1 2016, NFI fell from £3.3m in H1 2016 to £3.2m in H1 2017.

However, the group managed to reduce its losses from £141k in H1 2016 to £21k in H1 2017.

Across its group business, hospitality specialist Berkeley Scott posted good results with new client wins, whereas the group’s accountancy & finance RK business continued to decline in H1 2017. 

However, a statement explained that changes to senior management meant the group is expecting a return to growth for this business in Q4 2017. The RK business also introduced a specialist temporary team in its aim to make more temporary placements over permanent ones.

Meanwhile, the group’s retail, search & selection and technology Quantica business saw NFI decline as it cut headcount, although this helped profitability improve as underperforming consultants left this business.

• 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

Twitter Twitter

Get a pizza the action at the Bath Pizza Company

Do you like pizza? Do you want to get paid to eat pizza? Then we have the perfect job for you.

Lighter Side 18 October 2017

Clipper Logistics creates 350 jobs thanks to ASOS deal

Clipper Logistics is to create 350 new jobs through a new contract win with online fashion retailer ASOS.

Contracts 17 October 2017

Amazon creates 1,000 jobs at new distribution centre

The North-West’s industrial sector stands to benefit from more than 1,000 new jobs in the region.

13 October 2017

New Travelodge hotels create 200 jobs in Essex

Essex’s hospitality sector is to benefit from the creation of 200 jobs across the county.

11 October 2017
Top