HUNTRESS GROUP GROWS REVENUES
HUNTRESS GROUP GROWS REVENUES AND STRENGTHENS MAIN BOARD
Huntress Search Ltd, a leading independent recruitment company, today announced that the Senior Management Team have agreed a buyout of the Nomura Private Equity holding in the company.
As part of this transaction, Philip Marks, MD of Hamilton Blake, and Di Bradbury, MD of Huntress Commercial, have joined the Main Board. The Board has been further strengthened with the appointment of two non-executive Directors, John Pullan and Geoff Lloyd with considerable experience in the recruitment industry.
John Pullan joined Computer Futures in 1993 as a founding member of the contract division. In 2003 Pullan, founded JP Gray, the first non-IT branded recruiter in the Sthree Group, focusing on Accountancy and Finance across Europe and took a seat on the Sthree PLC Executive Board.
Geoff Lloyd founded the technical recruitment company, NES, during 1978 in Oil & Gas, Power, IT and Infrastructure with offices in the UK, America, Middle and Far East. As Chairman, Lloyd, led NES to a hugely successful exit in 2006 when the company was sold in an 86m transaction.
Stephen Ross, Chairman, Huntress, says: I am delighted to welcome John and Geoff who both bring extensive Board level expertise in international recruitment. This is the beginning of a very exciting time at Huntress and we look forward to substantial growth in the years to come.
Already, we have seen significant increases in revenues and profit across every division within the Huntress Group during Q1 2010. The Senior Management Team has demonstrated their commitment and belief in the company and we have added significant depth to the main board.
Huntress is benefiting from their investment in experienced consultants, a stronger market and the emergence of their new Recruitment for Professionals brand, Hamilton Blake. In the first quarter of, 2010, NFI was up 17% on the last quarter of 2009. This improved performance will allow the company to further invest in the business with the expansion of headcount across all its core sectors.