FINANCIALS: Hydrogen growth to continue with more acquisitions

Global specialist recruitment group Hydrogen Group has seen net fee income climb 34% year-on-year, according to results for the year ended 31 December 2018.

The results, released this morning, reveal NFI of £30.5m, with revenue up from £125.9m to £135.7m. The group also revealed it now has net cash of £4.9m, compared with a net debt of £400k in 2017.

Across its operations, NFI rose from £14.8m to £17.6m in Europe, from £7.1m to £11m in Asia-Pacific and from £900k to £1.9m in the US.

The group attributed its increase in NFI partly due to the contribution of the May 2017 acquisition of Argyll Scott and partly to strong underlying growth.

But in elaborating further on the group’s performance, CEO Ian Temple said: “I am delighted to be reporting strong growth in NFI on both a reported and a proforma basis, in each of the EMEA, APAC and US regions, which, together with improving conversion rates, has driven a transformation of the group’s profitability and net cash position.

“We look forward confidently to continued growth this year. Furthermore, the group is now in a strong position to accelerate this growth through selective acquisition and is actively pursuing opportunities.”

• 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

Recruiter HOT 100 2019: HOT 10 professional sector recruiters

Leading up to the publication of Recruiter’s HOT 100 list of the UK’s top-performing recruitment companies, today we reveal the HOT 10 professional sector recruiters.

6 December 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

Recruitment drive for ‘promo pooches’ at exhibitions

Is your dog seeking new job opportunities over and above guarding the house, chasing the postman and chewing on your slippers?

Lighter Side 25 September 2019


This week’s appointments include: BWD, Eames Consulting Group, HRC Recruitment, Macildowie, Optionis Group, Pedersen & Partners, Protocol, SThree

People 5 August 2019