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Goodman Masson closes off a record Q1 performance

Goodman Masson, amongst the largest Independent Financial Recruitment business in the UK, closes off a record breaking Q1 performance.

The recruitment industry entered 2010 with some caution faced with an unpredictable and fragile market. Few businesses could have predicted that their Q1 performance would be the highest in their history.

In Q1 2010 Goodman Masson delivered 920,000 more Gross Margin than in Q1 2009 closing the quarter on 2,114,000. Not only an exceptional year on year increase but also the highest Q1 in the history of the business.

Guy Hayward, CEO says of this performance Despite a strong second half to 2009 the outcome of the business planning and budget process conducted in November predicted conservative growth for 2010. To deliver a 10% return and close to an extra 1m worth of Gross Margin in Q1 compared to the same period last year is an exceptional performance.

What pleases me is were still a young team and our productivity will only continue to grow. Weve enjoyed a 24% increase in temp numbers since January and the extra weekly GP places us significantly above our 2010 projection. Couple that with unprecedented growth from our perm business we are in an exciting place.

Job flow continues to increase across both our temporary and permanent businesses and is 20% up on Q4 last year. Equally exciting is the 40% increase in candidate registrations
Weve invested considerable energies on employee engagement. When 99% from the employee survey say they love working here you know you must be doing something right. Combine that with our Investment Banking and Global Blue chip client wins we are starting to create a powerful combination and platform for sustainable growth.


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