Quantica success
Two major acquisitions have helped recruitment and training group Quantica spread its industry coverage and improve overall trading compared with last year.
The integration of private recruitment firm RK Group and training company Capital Learning has now been completed, increasing the group’s market capitalisation into the sector’s top quarter at £37.5m.
The acquisitions have provided new revenue streams, a wider geographical reach and more comprehensive industry coverage. The new additions support strong organic growth at Quantica, increasing the firm’s UK footprint and widening its range of operations.
The growth is expected to drive earnings next year and the firm hinted that more acquisitions could take place as the market consolidates further.
RK Group is a private recruitment business specialising in unqualified and part-qualified accountants while, Capital Learning is a government-funded training organisation offering NVQs.
Quantica chairman and chief executive Les Lawson says the group will announce the year’s preliminary results on 7 February.
Further consolidation in the recruitment sector is widely expected, and Lawson added that Quantica’s growth will help reduce its risk profile as much as is possible in such a cyclical industry.
“Trading overall is strongly ahead of last year and in line with current market expectations,” he said.
