Financials

FINANCIALS: Empresaria reveals fall in profits, but Offshore Services delivers growth

Empresaria’s Offshore Services operations proved to be the shining light in the company’s fortunes in 2023, according to the global specialist staffing group’s annual results.

Revenue growth of almost £4m in Norman Broadbent year-end results

Norman Broadbent has revealed its best financial results in over a decade.

Not all doom and gloom as market generated £17.9bn in the past year

Some 70 M&A deals were completed in the UK recruitment sector in 2023, according to the latest ‘Recruitment M&A review’ from BDO.

27 February 2024

Bain and Gray moves to employee ownership trust

London, Soho-based executive secretarial and PA recruiter Bain and Gray has announced its transition to an Employee Ownership Trust (EOT).

FINANCIALS: Norman Broadbent posts highest profits in a decade

Executive search and interim management firm Norman Broadbent has announced its highest net fee income (NFI) in over a decade.

FINANCIALS: PageGroup announces 20% fall in UK profits

Falling candidate and client confidence contributed to a nearly 20% drop in gross profits (GP) for PageGroup’s UK operations in Q4 of its 2023 financial year.

15 January 2024

FINANCIALS: Hays announces 10% fall in group fees

Group fees at global recruiter Hays dropped by 10% in the second quarter of the company’s 2024 financial year, the recruiter has announced.

9 January 2024

Fresh Perspective secures £30k investment from NPIF

Fresh Perspective Resourcing has secured £30k from the Northern Powerhouse Investment Fund (NPIF) – River & GC Microfinance.

Company insolvencies hit highest levels since global financial crisis

Company insolvencies in England and Wales in the second and third quarters of 2023 have hit their highest since the global financial crisis in 2009, the Insolvency Service (IS) has revealed.

Retail, Transport & logistics 31 October 2023

FINANCIALS: Positive momentum across all Randstad geographies

Group revenue for global recruiter Randstad in 2021’s second quarter surpassed 2019 levels.

27 July 2021

FINANCIALS: Robert Walters announces ‘record’ first-half performance

Global recruitment firm Robert Walters has experienced a “record” first-half performance to the half-year ended 30 June 2021, delivering a four-fold increase in pre-tax profits year-on-year.

27 July 2021

FINANCIALS: Heidrick & Struggles reveals record revenue

Heidrick & Struggles International, a global provider of executive search and leadership advisory services, has posted record net revenue in its second quarter ended 30 June 2021.

Executive search 27 July 2021

FINANCIALS: SThree posts first-half rise in revenue and profits

Global specialist staffing firm SThree has announced a rise in revenue and profits ahead of analysts’ estimates, after the recruiter’s first-half operating profit more than doubled as hiring rebounded in some sectors.

Life sciences, Engineering 19 July 2021

FINANCIALS: Page Group profits up

Global recruitment giant Page Group is reporting increased gross profit per fee earner in Q2 this year compared to the Q2s of both 2019 and 2020.

7 July 2021

FINANCIALS: Robert Walters enjoys ‘strong’ Q2

Global recruitment firm Robert Walters has enjoyed a “strong” second quarter, with all regions returning to net fee income (NFI) growth.

7 July 2021

London rec-tech start-up raises £176k+ for scale-up

A London recruitment technology company has announced that it has raised more than £176k through 190 investors to scale up its operations.

FINANCIALS: Staffline refinances and transforms balance sheet

Recruitment and training group Staffline has raised gross proceeds of £48.4m in a placing, subscription and open offer on 10 June this year.

22 June 2021

FINANCIALS: SThree posts positive half-yearly results

Global science, technology, engineering and mathematics (STEM) specialist recruiter SThree has said its performance is “ahead of expectations” in its half-year trading update.

Over 7,000 businesses saved from insolvency in 2019 says R3 report

A newly-released report from R3, the insolvency and restructuring trade body, shows that the profession rescued 7,200 businesses and saved 297,000 jobs in 2019.

Retail, Life sciences 24 May 2021

FINANCIALS: Staffline posts strong Q1 profits

Recruitment and training group Staffline has reported today that its underlying operating profit increased 133% year-on-year in the first quarter of 2021, with a group restructuring last year generating a £15m savings in overhead costs.

Retail, Transport & logistics 27 April 2021

FINANCIALS: Heidrick & Struggles posts record Q1 revenue

Heidrick & Struggles, a global provider of executive search and leadership advisory services, has posted record net revenue, reflecting a “strong rebound from the global downturn”.

FINANCIALS: Robert Walters reports ‘positive momentum’ for business

Global recruiter Robert Walters reports “profit ahead of expectations” for the first quarter ended 31 March 2021, according to its financial results released today.

Blackfinch Ventures investment in Candidate.ID tops £1.3m

Venture capital firm Blackfinch Ventures has invested £700k into recruitment software developer Candidate.ID, a year after investing an initial £630k into the firm.

IT/Telecoms, HR 13 April 2021

FINANCIALS: Gattaca reveals Covid impact in interim report

STEM and contract recruiter Gattaca has today reported continuing net fee income of £21.1m in its interim results for the six months ended 31 January 2021 in the face of “encouraging signs of recovery” from the global pandemic slowdown of recruitment activity.

Life sciences, Engineering 31 March 2021

FINANCIALS: Aviation sector hits Empresaria profits

Covid-19’s impact on the aviation industry hit global specialist staffing group Empresaria, according to the company’s 2020 annual results.

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