FINANCIALS: Gattaca sees slight rise in profit

Specialist engineering and technology recruiter Gattaca has posted a marginal increase in net fee income, according to interim results for the six months to 31 January 2019.

The results, released this morning, reveal NFI of £36.5m, up from £36m, with revenue up from £305.3m to £322.3m on H1 2018.

In the UK, a 4% increase in NFI for the group’s engineering division was offset by a 13% decline in NFI for its technology division. But the group’s international operations saw NFI increase 15% year-on-year with continued growth in the Americas (up 6%) and double-digit growth for its restructured offices in China and South Africa.

Commenting on the group’s performance, CEO Kevin Freeguard said: “The first half of FY19 has been a period of progress for the group… Our core UK engineering business delivered continued growth and the restructuring work we undertook in our UK technology operations in Q1 has begun to feed through into an improved year-on-year operating contribution. Our restructured and refocused international operations continued to grow strongly and we are pleased with our progress in reducing net debt.

“Building on the fundamental strengths of the business, our improvement plan is now underway and is focusing on the levers for growth, refining sales and market effectiveness, aligning operations to further enhance our delivery capability and innovating to extend our range of market solutions. I am confident that as we continue to execute the plan it will position the company well for the future.”

• 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


This week’s launches include: Fuelling Productivity board, NES Global Talent, Recruit for Health, The Good Board, The Levy Company, Zegami

New to Market 14 October 2019

US firm to create jobs with new software engineering centre

US software firm ESO is to create 120 jobs in Belfast.

11 October 2019


This week’s appointments include: Airswift, City Executive Search, Eames Consulting Group, Eden Scott, Fircroft, HRC Recruitment, Jackson Hogg, Randstad, Resource Solutions, Rota, Talent Intuition

People 7 October 2019

Benefits of working in the Basque Country rather deal with than Brexit

The Basque Country in Spain has launched a bid to attract UK STEM professionals and investors to come and work in the region as the threat of a ‘no deal’ Brexit looms large.

2 October 2019