FINANCIALS: Full-year profit for Phaidon
10 November 2014
Phaidon Holdings, the parent company of London-headquartered, multi-sector recruitment group Phaidon International, has announced a net fee income (NFI) increase of 35% over the last year.
Mon, 10 Nov 2014
Phaidon Holdings, the parent company of London-headquartered, multi-sector recruitment group Phaidon International, has announced a net fee income (NFI) increase of 35% over the last year.
Its unaudited trading update for the full year ended 31 October 2014 showed NFI had risen to about £21.8m and operating profit increased 126% to over £3.6m.
Chief executive Adam Buck told Recruiter the company’s eight new brands, such as the HR brand, that were created five years ago now accounted for just over 50% of NFI, representing a bright spot in the company’s finances.
In the UK, NFI rose by 23% to just under £12m, though it was the US and APAC [Asia-Pacific] regions driving growth.
A statement from the company said it had made “significant investment” over the year in developing its offerings across the US, Switzerland and Singapore, as well as opening a new office in Hong Kong.
Buck said in the statement the investment in office space would allow the company to meet its plans for “aggressive growth” in the coming year.
Phaidon Holdings, the parent company of London-headquartered, multi-sector recruitment group Phaidon International, has announced a net fee income (NFI) increase of 35% over the last year.
Its unaudited trading update for the full year ended 31 October 2014 showed NFI had risen to about £21.8m and operating profit increased 126% to over £3.6m.
Chief executive Adam Buck told Recruiter the company’s eight new brands, such as the HR brand, that were created five years ago now accounted for just over 50% of NFI, representing a bright spot in the company’s finances.
In the UK, NFI rose by 23% to just under £12m, though it was the US and APAC [Asia-Pacific] regions driving growth.
A statement from the company said it had made “significant investment” over the year in developing its offerings across the US, Switzerland and Singapore, as well as opening a new office in Hong Kong.
Buck said in the statement the investment in office space would allow the company to meet its plans for “aggressive growth” in the coming year.
