JobServe made a pre-tax loss of £5.8m in the year ended 30 September 2009, compared with a profit of £2.2m in 2008.

Accounts posted at Companies House reveal that the job board’s revenue fell to £8.9m, compared with £14.9m a year earlier.

However, the company posted gross profit of £6.2m, down from £12.8m in 2009.

The directors’ report said: “During the year the company has ‘right sized’ its operations to ensure that it is correctly positioned in these tough market conditions and still make a profit … The company is well placed to take advantage when recruitment activity picks up.”

The accounts reveal that the average time a job was posted to its website was unchanged at 14 days.