Hydrogen AIM listing_2

Sales of £60m for 2005

Hydrogen Group, supplier of staff to the financial services, commerce, industry and the public sector, is to seek admission to the Alternative Investment Market (AIM).


Hydrogen’s clients include the BBC, Carphone Warehouse and investment banks UBS and BNP Paribas. 
Hydrogen Group trades under eight names: Project Partners, Commerce Partners, Target Partners, Finance Professionals, Audit Professionals, Law Professionals, HR Professionals and Reflect.
The company has five offices and about 230 staff.


London-based Hydrogen reported sales of £60m for 2005. Profit before tax, exceptionals and goodwill was more than £4m.
Hydrogen was formed in November 2005 when PRO, established in 1997, merged with Partners Group, established in 2000.
Chief executive Ian Temple, a co-founder of PRO, said: “We believe we are well positioned to take advantage of all future growth opportunities in the recruitment market.”
Hydrogen shares may start trading on AIM as early as June. Analysts say the company may have a market value of about £50m.

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