Financials

Changes to CGT – Should you stay or should you go?

No business owner can have escaped the widespread political and media coverage regarding changes to the UK’s Capital Gains Tax (CGT) regime.

24 September 2024

Demica provides HeadFirst Global new $400m funding source for Impellam Group

Fintech company Demica has enabled a new $400m (£306m) trade receivables securitisation for HeadFirst Global, funded by Barclays, supporting March 2024’s acquisition of Impellam Group through structuring, distribution and reporting. 

IT/Telecoms 12 September 2024

Research reveals those industries penalised by HMRC for lying about tax

The Global Payroll Association (GPA) has revealed which UK business sectors have been hit the worst for defaulting on tax.

Retail, Oil & gas/Energy 13 August 2024

Financial recruiter Hamlyn Williams wins $7m injection from Meraki Capital

A specialist, international staffing business has secured a multi-million dollar investment from a recruitment-focused private equity house.

Life sciences, Banking/Financial services 2 August 2024

FINANCIALS: Heidrick & Struggles reveals increase in revenue

Heidrick & Struggles International, a provider of global leadership advisory and on-demand talent solutions, has announced financial results for its second quarter ended 30 June, 2024.

Executive search 30 July 2024

FINANCIALS: Staffline performance boosted by blue-collar recruitment

Stepped-up momentum in blue-collar recruitment has driven Staffline to a strong performance in the first half of 2024.

Public sector, Transport & logistics 30 July 2024

Apostle Accounting owes thousands in tax rebate scheme investigation

A company at the centre of a tax rebate scandal owes tens of thousands of pounds after being fined for not complying with money laundering regulations, according to news sources.

Accounting/Finance 23 May 2024

FINANCIALS: ‘Stable’ first quarter for Adecco

Adecco has reported “stable” first-quarter revenues of €5.7m (£4.9m) today [7 May 2024], while experiencing a net negative effect of currency conversion and working days with a net negative impact.

Recruitment Process Outsourcing, Engineering 7 May 2024

FINANCIALS: Hays cites ‘challenging’ conditions on quarterly results

Challenging market conditions were cited by global recruiter Hays as the company saw a 14% fall in group fees year-on-year with actual net fees dropping by 17%.

17 April 2024

FINANCIALS: Gattaca report showcases key initiatives delivered in first half of 2024

Specialist engineering recruiter Gattaca has reported a net fee income (NFI) of £19.7m, down 13% year-on-year in interim results for the six months ended 31 January 2024.

17 April 2024

FINANCIALS: PageGroup profits down as clients’ recruitment budgets tighten

PageGroup has reported “financial deteriorations” across all geographies except India today [15 April 2024] as ongoing market conditions continue to challenge the global recruitment company.

15 April 2024

FINANCIALS: Empresaria reveals fall in profits, but Offshore Services delivers growth

Empresaria’s Offshore Services operations proved to be the shining light in the company’s fortunes in 2023, according to the global specialist staffing group’s annual results.

Recruitment Process Outsourcing 27 March 2024

Revenue growth of almost £4m in Norman Broadbent year-end results

Norman Broadbent has revealed its best financial results in over a decade.

Executive search, Interim recruitment 27 March 2024

Loan Charge campaigners ‘frustrated’ as HMRC ‘airbrushes’ history

The Loan Charge Action Group (LCAG) has reinforced its calls for a parliamentary inquiry as the loan charge continues to weigh heavily on Westminster.

19 March 2024

Bain and Gray moves to employee ownership trust

London, Soho-based executive secretarial and PA recruiter Bain and Gray has announced its transition to an Employee Ownership Trust (EOT).

Commercial & office support, Executive search 23 January 2024

FINANCIALS: PageGroup announces 20% fall in UK profits

Falling candidate and client confidence contributed to a nearly 20% drop in gross profits (GP) for PageGroup’s UK operations in Q4 of its 2023 financial year.

15 January 2024

FINANCIALS: Hays announces 10% fall in group fees

Group fees at global recruiter Hays dropped by 10% in the second quarter of the company’s 2024 financial year, the recruiter has announced.

9 January 2024

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: Hahn takes over from Cox at Hays, posts record net fees

Global specialist recruitment firm Hays has announced the appointment of Dirk Hahn as CEO, with effect from 1 September 2023.

24 August 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

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

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: 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

Understanding Recruitment Group gives staff 60% shareholder in business

Specialist technology software recruitment consultancy Understanding Recruitment Group has formalised its move to an Employee Ownership Trust (EOT), making its staff a 60% shareholder in the business.

Creative/Digital/Media, Engineering 25 January 2023
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