FINANCIALS: Prime People posts small revenue drop but up in UK

Global professional and technical recruiter Prime People has posted a marginal fall in revenue, according to results for the six months ended 30 September 2017.

The results reveal group revenue of £11.27m, down from £11.48m in the same period last year. Group net fee income was also down to £6.15m from £6.33m in H1 2016.

However, the group’s UK businesses saw NFI increase from £3.4m to £3.84m, with growth across both perm and contract businesses offset by a decline in overseas NFI to £2.31m from £2.93m over the same period with reduced NFI in Dubai and reduced demand in the firm’s core real estate market in China.

Commenting on the group’s performance, executive chairman Robert Macdonald said: “Subject to economic circumstances in the regions in which we operate remaining in their current state, we expect the businesses to perform in the second half at least in line with levels achieved in the first half.

“The present focus for the group is to maximise the returns from recent investment in businesses and people, to improve productivity and increase profitability.”

• 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.editorial@redactive.co.uk

Employer confidence in UK economy shows further decline

Employer confidence in the UK economy has declined further in the past month, according to the Recruitment & Employment Confederation’s latest JobsOutlook report.

19 September 2018

Lidl’s Leeds site to create 500 jobs

Retailer Lidl has announced plans to create 500 jobs at a new warehouse near Leeds.

18 September 2018

NEW TO THE MARKET: 17-21 SEPTEMBER 2018

This week’s launches include: BP, Charlton Morris, Darcy Associates, Zinc

New to Market 17 September 2018

Three arrested after claims of forced labour on building sites

Three people have been arrested after modern slavery warrants were issued in South Buckinghamshire.

Legislation 12 September 2018
Top