The ReThink Group has seen revenues rise with ‘improved’ demand for its permanent recruitment services in its final results for the year ended 31 December 2009.

The group’s results reveal:

• revenue growth up to £49.7m (2008: £43.4m),  up 15% on last year
• gross profit of £10.9m (2008: £12.1m)
• profit from operations of £0.61m
• profit before tax of £0.30m, (2008: £0.19m)
• net debt cut by 28% to £4.2m (2008: £5.8m)

Jon Butterfield, chief executive, says: “We have seen an improved demand for permanent recruitment services which, if sustained for the remainder of 2010, will have a positive effect on our business.

“We look forward to 2010 with a positive mindset, but with a considered approach and our eyes wide open to the risks in the market.”