The listed recruiter Parity has won a five-year contract to manage temporary labour for ICI Paints in the UK and Europe.

There is no fixed value for the contract but the company spends around £4.5m per year on temps.

If the project proves successful, Parity has an agreement to extend the contract with other ICI Group firms across Europe and the US.

Interim results revealed a pre-tax profit of £14,000 on Parity Group’s turnover of £90.3m.