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Financials

Company insolvencies hit highest levels since global financial crisis

Company insolvencies in England and Wales in the second and third quarters of 2023 have hit their highest since the global financial crisis in 2009, the Insolvency Service (IS) has revealed.

Retail, Transport & logistics 31 October 2023

FINANCIALS: Hays posts profits fall

Hays group fees dropped by 7% year-on-year on a like-for-like basis in its Q1 24 trading results, compared to a record quarter in the previous year.

Engineering, Construction & property 13 October 2023

FINANCIALS: SThree’s Q3 trading update reveals ‘resilience’

STEM recruiter SThree’s trading update shows the global company’s net fees down 7% year-on-year amid ongoing macro-economic weakness.

Life sciences, Engineering 21 September 2023

FINANCIALS: Page Group reports drop in half-year profits

Recruitment giant the Page Group reported 2023 half-year gross profit of £526.8m yesterday [7 August], falling off from £538.9m in the same period in 2022.

8 August 2023

Staffline launches share buyback scheme

Recruitment and training group Staffline will make a series of share repurchases with a view to returning up to £4m to shareholders, the company announced today [1 August 2023].

1 August 2023

FINANCIALS: SThree remains resilient despite dip in profits

Global STEM staffing business SThree delivered a net fee performance of £208.6m for the first half of 2023, the company reported today [25 July].

Life sciences, Engineering 25 July 2023

FINANCIALS: Lehne welcomes ‘robust’ half-year performance for SThree

Contract fees were up 3% year-on-year across the majority of its regions, reveals global specialist staffing business SThree.

Life sciences, Engineering 27 June 2023

Hiring platform hackajob wins investment for US expansion

Full stack technical hiring platform hackajob has announced a $25m (£19.86m) Series B funding round led by Boston-based growth equity firm, Volition Capital, with participation from existing investors AXA Venture Partners and Foresight.

IT/Telecoms, HR 4 May 2023

Company insolvencies rise by 16% year-on-year

Company insolvencies in March 2023 were up compared to a year ago and higher than pre-pandemic numbers.

18 April 2023

FINANCIALS: Empresaria reveals 10% growth in profits, 75% growth in Offshore Services

Global specialist staffing group Empresaria has revealed 10% growth in net fee income to £65.4m, with its Offshore Services achieving 75% growth year-on-year.

Recruitment Process Outsourcing, IT/Telecoms 29 March 2023

FINANCIALS: Impellam announces sale completion of businesses and rise in profits

Global staffing firm Impellam Group expects to report annual gross profit of £315m, an increase of 23.7% compared to FY 2021.

8 March 2023

FINANCIALS: SThree posts consecutive record performance

International recruitment firm SThree has announced its financial results for the year ended 30 November 2022, posting a second consecutive record net fee performance.

Life sciences, Engineering 1 February 2023

FINANCIALS: Gattaca reveals improved second half year performance

Engineering and technology recruiter Gattaca has revealed its preliminary report for the 2022 financial year, which ended 31 July 2022.

Engineering, IT/Telecoms 7 November 2022
Profit

FINANCIALS: Hays reports record profits

Global recruiter Hays has reported a record financial quarter, with net fees up 15% across the group, and the UK & Ireland seeing fees increase by 11%.

13 October 2022

FINANCIALS: PageGroup profits up 14%

PageGroup has reported a group gross profit of £270.5m in its Q3 2022 update, an increase of 14% over the same period in 2021.

Recruitment Process Outsourcing 13 October 2022

FINANCIALS: SThree reports positive update as NFI up

International recruitment firm SThree has presented a positive third-quarter trading update, reporting a 19% increase to £111.8m from £91m in group net fees year-on-year against the same period last year.

Life sciences, Engineering 21 September 2022

FINANCIALS: Gattaca reveals NFI to be ahead of expectations

Specialist engineering and technology staffing solutions business Gattaca has revealed an increase of 4% net fee income (NFI) in a trading update for the 12 months ended 31 July 2022.

Oil & gas/Energy, Engineering 18 August 2022

FINANCIALS: Record first-half year for Robert Walters

Global recruiter Robert Walters has today [1 August 2022] reported a record first-half year performance with group net fee income (NFI) up 27% to £210.5m and operating profit rising by 15% to £27.7m year-on-year.

Recruitment Process Outsourcing, Engineering 1 August 2022

Global recruiter Phoenix raises €1m investment for further growth

Global specialist recruitment firm Phoenix has raised a €1m (£838,428) investment to help fuel growth plans in the UK, Ireland and the US.

Executive search, IT/Telecoms 28 July 2022

Financials: SThree results show profits up by 25%

STEM recruiter SThree’s group net fees increased by 25% in the first half of 2022, compared with a non-Covid affected period.

Life sciences, Engineering 23 June 2022

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
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