FINANCIALS: Hydrogen hit by decline in energy markets

Global specialist recruitment group Hydrogen has seen net fee income fall 8.8% year-on-year with the group hit by “continued decline” in energy markets.

According to final results for the year ended 31 December 2016, group revenue was £116.2m, down from £123.6m in 2015. NFI was £17.7m, down from £19.4m in 2015, with its energy business declining by £1.6m, down £1.5m in EMEA and £100k in APAC. However, contract NFI rose 11% to £11.6m from £10.5m in 2015.

Commenting on the results, chairman Stephen Puckett said: “2016 was a solid performance given the challenges faced from the continued decline in the energy market and the UK's decision to leave the EU holding back activity in the UK. The business now has a firm foundation, the energy market is showing early signs of stabilisation and we remain focused on building a growing, profitable business."

The group also announced it will not seek an immediate successor for chief financial officer Colin Adams, who stepped down from his role today.

• What are your views on this issue? Email us at or tweet us below to tell us your thoughts. We will run comments online in a round-up at the end of the week.

Email story to a friend

€500k investment in firm creates technology jobs in Ireland

Irish firm EMR is on a recruitment drive following a €500k (£439k) investment in the firm.

19 October 2018

Workers needed for wind turbine expansion on Isle of Wight

The Isle of Wight stands to benefit from the creation of “hundreds” of new green energy jobs.

16 October 2018

Vargo Recruitment helps amber energy find new COO

Energy management consultancy amber energy is seeking to fill more than 30 new roles, including that of chief operating officer.

Contracts 15 October 2018


This week’s appointments include: Frontline, Heidrick & Struggles, HireRight, Samuel Knight International, SmashFly Technologies, Wild Berry Associates

People 15 October 2018