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PARASOL ANNOUNCES RECORD GROWTH

PARASOL ANNOUNCES RECORD GROWTH
Parasol, a leading employment services provider and one of the UKs fastest growing businesses, has announced a massive 293 per cent rise in operating profit for 2008. The company has also increased turnover from 249m to 319m representing a growth of 28% and is predicting solid results for 2009.
Managing director Rob Crossland says: The past couple of years have seen a phenomenal period of growth for us, proving that the Parasol approach is the right one for contractors.
Our culture of innovation, matched with our reputation for compliance, excellent systems and processes, responsiveness and vigilance have contributed to creating a solid and reliable brand.
In addition, we have lobbied hard to protect all umbrella companies from legislative changes that could have been catastrophic for our industry.
Parasol was recently listed in the 2008 Sunday Times Virgin Fast Track 100 league table, and has just announced the acquisition of specialist accountancy practice Quay Accounting, the first of several planned strategic acquisitions in Parasols ambition to become one of the biggest contractor service providers in Europe.

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