Financials

Sell unused assets to improve cashflow say experts

Businesses are urged to sell unused assets as one of several possible measures to raise capital and improve cashflow.

12 May 2022

FINANCIALS: Hays reports record quarter results

Global recruiter Hays enjoyed a record quarter in the three months ended 31 March 2022, the company has announced.

19 April 2022

SSQ transfers 100% ownership to employees

Global legal talent provider SSQ has converted to being 100% employee owned by an Employee Ownership Trust, the company has announced.

Legal 15 February 2022

Insolvency numbers 20% higher than last year

The latest insolvency figures have shown a 20% increase in corporate insolvencies compared to the same month last year.

3 February 2022

Recruiter’s HOT 100: HOT 10 Technology recruiters

Once again in the HOT 100 it has become even harder to separate between Technology (traditionally described as IT/Telecoms), STEM and Technical (mainly Engineering) skillsets and job roles.

Life sciences, Engineering 3 February 2022

FINANCIALS: Staffline shows increase in revenue

A trading update today [25 January] from Staffline Group has revealed a 1.6% increase, or £15.1m, in revenue in financial year 2021 from FY 2020, with gross profit improving by 11% over the same period.

25 January 2022

Zachary Daniels gives employees majority stake in business

Retail recruitment specialist Zachary Daniels has given its employees a majority stake in the business, the company has announced.

Retail 25 January 2022

Tax and accounting professionals propose ‘fair solution’ to loan charge

A group of tax and accounting sector professionals have written to the Chancellor to resolve the loan charge situation.

13 December 2021

FINANCIALS: Empresaria expects income, profit increases

A trading update from global specialist staffing group Empresaria suggests that the group’s full-year net fee income will be “in the range of” £57m to £59m for the current financial year ending 31 December 2021.

FINANCIALS: Gattaca NFI exceeds previous period

Specialist engineering and technology staffing business Gattaca has achieved 7% higher net fee income (NFI) in the first half of 2021 than during the same period last year.

Engineering, IT/Telecoms 17 August 2021

FINANCIALS: Empresaria’s profits up, but revenue declines

Global and multi-sector recruitment group Empresaria has announced its unaudited interim results for the six months ended 30 June 2021.

FINANCIALS: Staffline expects revenues and GP to increase

Recruitment and training group Staffline expects its H1 2021 revenues to reach £450.7m, an increase of 4.7% from the same period last year.

FINANCIALS: Group revenues up for Adecco

Adecco is reporting “significant revenue improvement” and strong margin performance in its Q2 2021 financial results, announced today (28 July 2021).

28 July 2021

FINANCIALS: Positive momentum across all Randstad geographies

Group revenue for global recruiter Randstad in 2021’s second quarter surpassed 2019 levels.

27 July 2021

FINANCIALS: Robert Walters announces ‘record’ first-half performance

Global recruitment firm Robert Walters has experienced a “record” first-half performance to the half-year ended 30 June 2021, delivering a four-fold increase in pre-tax profits year-on-year.

27 July 2021

FINANCIALS: Heidrick & Struggles reveals record revenue

Heidrick & Struggles International, a global provider of executive search and leadership advisory services, has posted record net revenue in its second quarter ended 30 June 2021.

Executive search 27 July 2021

FINANCIALS: SThree posts first-half rise in revenue and profits

Global specialist staffing firm SThree has announced a rise in revenue and profits ahead of analysts’ estimates, after the recruiter’s first-half operating profit more than doubled as hiring rebounded in some sectors.

Life sciences, Engineering 19 July 2021

FINANCIALS: Page Group profits up

Global recruitment giant Page Group is reporting increased gross profit per fee earner in Q2 this year compared to the Q2s of both 2019 and 2020.

7 July 2021

FINANCIALS: Robert Walters enjoys ‘strong’ Q2

Global recruitment firm Robert Walters has enjoyed a “strong” second quarter, with all regions returning to net fee income (NFI) growth.

7 July 2021

London rec-tech start-up raises £176k+ for scale-up

A London recruitment technology company has announced that it has raised more than £176k through 190 investors to scale up its operations.

FINANCIALS: Staffline refinances and transforms balance sheet

Recruitment and training group Staffline has raised gross proceeds of £48.4m in a placing, subscription and open offer on 10 June this year.

22 June 2021

FINANCIALS: SThree posts positive half-yearly results

Global science, technology, engineering and mathematics (STEM) specialist recruiter SThree has said its performance is “ahead of expectations” in its half-year trading update.

Over 7,000 businesses saved from insolvency in 2019 says R3 report

A newly-released report from R3, the insolvency and restructuring trade body, shows that the profession rescued 7,200 businesses and saved 297,000 jobs in 2019.

Retail, Life sciences 24 May 2021

FINANCIALS: Staffline posts strong Q1 profits

Recruitment and training group Staffline has reported today that its underlying operating profit increased 133% year-on-year in the first quarter of 2021, with a group restructuring last year generating a £15m savings in overhead costs.

Retail, Transport & logistics 27 April 2021

FINANCIALS: Heidrick & Struggles posts record Q1 revenue

Heidrick & Struggles, a global provider of executive search and leadership advisory services, has posted record net revenue, reflecting a “strong rebound from the global downturn”.

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