FINANCIALS: Staffline grows in 2012, ‘difficult’ year at Hudson

UK recruitment and outsourcing firm Staffline delivered substantial growth in 2012, promising more to come in 2013, while global recruitment group Hudson was in the red, with its chief executive officer calling 2012 “difficult to navigate by any measure”.
Mon, 25 Feb 2013UK recruitment and outsourcing firm Staffline delivered substantial growth in 2012, promising more to come in 2013, while global recruitment group Hudson was in the red, with its chief executive officer calling 2012 “difficult to navigate by any measure”.

Hudson
Hudson’s revenues for 2012 dropped 16.7% to $777.6m (£513.1m), with the firm making a net loss of $5.3m after last year’s $10.9m profit. Full results are available on the firm's website.

Revenues fell most dramatically in the Asia-Pacific segment that makes up around a third of the business, as the company said it was “redirecting resources to, and driving sustainable growth from, its high potential strategic businesses and focusing on the growth markets of the world”, including recruitment process outsourcing, legal and Asia, as well as focusing the Americas IT practice on its largest markets and clients.

Staffline
Revenues at Staffline grew by 27% to £367m, with reported profit before tax up 13% to £8.5m. The OnSite division continued to represent 85% of group sales, the same figure as last year.

Staffline made four acquisitions in 2012, the most prominent being that of Select Appointments from Randstad, and chief executive officer Andy Hogarth says in a release accompanying the results that “acquisitions still remain a key growth strategy for the business”.

In a presentation to investors, Staffline claims that its legal transparency has been “prompting greater levels of new business enquiries”. With recruiters operating travel & subsistence schemes and the treatment of temporary workers both in the news recently, chief executive officer Andy Hogarth explains to Recruiter what this entails. “We guarantee a total commitment to our clients that we’ll never do anything that will embarrass their brand,” he says.

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