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The Staffing Group announces record increase in profit before tax

The Staffing Group announces record increase in profit before tax

The Staffing Group has announced fantastic results for its last financial year. The company that owns Extra Personnel and Single Resource operates from 41 sites throughout the UK with 180 employees and over 6,500 Flexi-Workers out with clients daily.

The turnover has increased by 21% and gross profit has increased by 20% but it is the profit before tax that has seen its biggest increase of over 1000%. This is due to the Group generating a higher turnover, therefore resulting in increased gross profit and has been reflected in the net profits whilst the overhead cost base has remained stable.

Jeremy McGrail, Managing Director of The Staffing Group comments “This has been an excellent year of growth for the Group in what has been very challenging and difficult few years for not only us but for many in the industry.  Although the recruitment industry is starting to show signs of recovery we are about to enter a new era with the implementation of the Agency Workers Regulations which will be introduced in October this year. We are unsure what the full impact of the AWR will be for recruitment businesses in the UK so we have prepared solutions for our clients to ensure that we are still able to provide them with a quality service without detriment to costs and legislation requirements”. 

Extra Personnel provides temporary and permanent recruitment throughout the Midlands and North-West and Single Resource provides onsite recruitment solutions nationwide.

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