Nursing and medical recruiter Pinnacle Group’s revenue for 2007 was £43.5m compared to £18m in 2006.

EBITDA before finance charges, taxation and exceptional restructuring costs was £264,000 compared to £795,000 in 2006.

Operating loss was £461,000 (2006 operating profit was £560,000).

Commenting on the results Richard Aitken-Davies, Pinnacle Group chairman, said: “2007 has been a transitional year for the Group as the board tackled the challenges of reversing several years of decline and under-investment in the business.” Aiken-Davies said that market conditions “continued to be difficult”, mentioning particular problems with the NHS Framework Agreement, which made temporary work within the NHS less attractive.

Nursing and medical recruiter Pinnacle Group’s revenue for 2007 was £43.5m compared to £18m in 2006.

EBITDA before finance charges, taxation and exceptional restructuring costs was £264,000 compared to £795,000 in 2006.

Operating loss was £461,000 (2006 operating profit was £560,000).

Commenting on the results Richard Aitken-Davies, Pinnacle Group chairman, said: “2007 has been a transitional year for the Group as the board tackled the challenges of reversing several years of decline and under-investment in the business.” Aiken-Davies said that market conditions “continued to be difficult”, mentioning particular problems with the NHS Framework Agreement, which made temporary work within the NHS less attractive.