FINANCIALS: Gattaca’s year of change brings rise in profits

Technical recruiter Gattaca has seen net fee income rise 6% year-on-year, according to preliminary results for the year to 31 July 2018.

The results, released this morning, reveal NFI rose from £74.7m to £78.9m, while revenue was also up – from 4% £642.4m to £667.5m in the previous year. 

NFI growth was driven by 1% and 4% growth for the group’s engineering and IT businesses respectively, offset by a 20% decline in NFI for the group’s telecoms business. NFI growth was also led by the group’s US and China operations – up 28% and 6% respectively.

In the UK, the group saw NFI grow 1% year-on-year for its engineering division, offset by a 3% decline for its technology business.

The group also reported a statutory pre-tax loss of £24.9m.

Since 1 October, the group has had a new CEO, Kevin Freeguard, while it has also been embarking on a cost reduction programme, which has eliminated £3m of costs.

This has seen the group leave the telecoms infrastructure markets within Africa, Asia and Latin America, and close underperforming offices in Dubai, Qatar and Malaysia.

The group has closed its Bromley office in the UK and fully integrated its UK finance, legal and HR functions from Matchtech, Networkers and Resourcing Solutions Ltd (RSL) under a unified team based at its Whiteley hub. It has also opened an office in Atlanta in the US.

Commenting on a “year of change” for the group, chairman Patrick Shanley said: “We decided to reset the business – reorganising it to establish stable foundations for future growth. Since the half year, we have simplified our operations, removing less stable and non-core businesses which were not expected to contribute to ongoing profits. With Kevin now in place as CEO, we look forward to building on our core resilient businesses – in particular UK engineering, UK IT and our North American operations through our Matchtech, Networkers and Gattaca Solutions brands.”

In a separate announcement, the group revealed non-executive director Mark Mamone has tendered his resignation from the group’s board with effect from 4 December 2018.

• 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

GCHQ begins all-female cyber training lessons

GCHQ is setting up all-female classes in cyber skills in a bid to increase the number of female online security experts.

17 January 2019


This week’s appointments include: Camino Partners, Cross Country Healthcare, Eames Consulting Group, Forward Role, GLAA, Hackajob, Holmes Noble, HRC Recruitment, McGregor Boyall, Monroe Consulting, NRL, Resource Solutions, Retail Executives, Roc Search

People 14 January 2019

Brexit fears strike as new perm jobs growth drop to lowest in two years

Brexit uncertainty is hitting hirers’ plans to increase permanent headcount, according to the latest KMPG and Recruitment & Employment Confederation ‘Report on Jobs’.

9 January 2019

Army recruitment ads aim to look behind the stereotypes

The British Army has launched a recruitment campaign challenging stereotypes associated with young people such as ‘snowflake’ and ‘me me me millennial’.

3 January 2019