Connecting to LinkedIn...

Blank

Spencer Ogden Achieves 460% Increase in Profit in Second Year of Trading

Spencer Ogden Achieves 460% Increase in Profit in Second Year of Trading

Energy recruiter Spencer Ogden has announced gross turnover of &pound18.4 million in its second year of trading. The financial results for the fiscal year which ended 31 December, 2011 revealed that profits are up 460% on 2010.

The specialist energy recruitment consultancy, co-founded by David Spencer-Percival and philanthropist, Sir Peter Ogden, has grown at an unprecedented rate since its launch in January 2010. In 2011 the company achieved net fee income of &pound6.3 million, while EBIT totalled &pound1 million.

David Spencer-Percival commented: “As the only recruiter in the energy sector offering a fully end-to-end service that covers everything from energy finance to renewables and oil and gas we have been well positioned to tap into an expanding market. We knew early on that employers would value working with consultants who are drawn from the energy sector, have extensive networks within the industry and global reach, and this approach has been fundamental to our success.”  

The company more than doubled in size in 2011, and now employs 90 people across its London headquarters, Aberdeen, Glasgow, Qatar and Houston offices working in Oil & Gas, Renewables, Power, Smart Power, Nuclear, Energy Trading and Energy Finance. 

“We have ambitious targets for 2012 and absolute confidence that Spencer Ogden will meet them,” said Spencer-Percival. “It’s an exciting time in the energy sector. There is an increasing demand for smart energy, a surge of activity in the LNG sector – especially in Asia – and continual development in offshore wind power. We look forward to growing our team in order to meet the needs of this expanding market.”

Tags:

Articles similar to

Articles similar to