FINANCIALS: Acquisition puts Prime People in Command

The October 2017 acquisition of Hong Kong-based recruiter Command Recruitment has helped global specialist recruiter Prime People deliver an 11.5% increase in revenue year-on-year.

Results for the six months to September 2018, released yesterday, reveals group revenue rose to £12.57m up from £11.27m in the same period last year.

Meanwhile, the group posted net fee income (NFI) of £7.99m – up from £6.15m in the corresponding period last year, with Command Recruitment contributing £1.68m in NFI towards a total £4.13m in NFI for the group’s Asia business, up from £2.31m in the same period of 2017. NFI for the group’s UK business remained stable at £3.86m.

The group added it is now reporting revenue based on invoices delivered as opposed to the value of contracts agreed, as it had previously done. 

Executive chairman Robert Macdonald said: “Given the uncertainties of UK markets through to March 2019 and potentially beyond, we do not expect the second half trading to exceed the first half. We expect underlying trading from our Asia offices to be comparable to the first half of this financial year.

“The present focus for the group is managing the business costs in relation to revenue, improving productivity and increasing profitability. Notwithstanding the mixed economic picture in today’s markets, we continue to seek opportunities to create shareholder value.”

• Comment below on this story. You can also tweet us to tell us your thoughts or share this story with a friend. Our editorial email is

FINANCIALS: Kelly Services reveals slight dip in revenue

Recruitment giant Kelly Services has posted a marginal decline in year-on-year revenue for Q4 2018.

Financials 14 February 2019

FINANCIALS: Japanese Recruit Group sees revenues rise

Indeed and Glassdoor owner Recruit Group has seen revenue rise 7% year-on-year, according to results for the nine months to 31 December 2018.

Financials 14 February 2019

FINANCIALS: Norman Broadbent shows positive future as NFI rises

Professional services staffing specialist Norman Broadbent has reduced losses and seen net fee income rise 32% year-on-year.

Financials 13 February 2019

FINANCIALS: Randstad reveals slight rise in revenues

Recruitment giant Randstad has seen group revenues increase 2% year-on-year in Q4 2018, buoyed by robust growth in its North American and Rest of the World operations.

Financials 12 February 2019