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The ReThink Group plc Results

The ReThink Group plc Results and appoints a new Managing Director to head up recruitment

The news follows the Groups interim results for the six months ended 30 June 2009 which showed gross revenues up by 18% to 24.6 million. Gross profits were down to 5.5 million and profits before tax dipped by 12K to 80K.

ReThink Group plc, the AIM-listed recruitment and professional services company, has appointed Andy Lord as Managing Director of the recruitment brands. Andy Lord is one of the Co-Founders and Executive Directors of the Group and was previously the Director in charge of the Northern operations in the group.

Andy Lord comments: This is an exciting time to be stepping into this role, the company is four and a half years old this month and during that time we have grown and diversified at an exceptional rate. The last 12 months have been challenging on a number of fronts and we have had to balance our ambitions in relation to market conditions which is always difficult in a company which wants to continue to grow and expand.

However I believe that we have performed ahead of the majority of our competitors during this tough period. Our business model, within the recruitment brands, is based on our staff holding long terms and deep relationships with their customers, whilst buying volumes have reduced in certain areas in the last twelve months these customers will re-engage with us as soon as the markets return.

We are still a very young and exciting company and I am delighted to have been given the opportunity to play such an important role in the continued development and growth of the company.


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