Odgers Interim SME revenues predicted to increase by 1m over next 12 months
Odgers Interim SME revenues predicted to increase by £1m over next 12 months
The SME division of Odgers Interim - the specialist in interim management appointments – is predicting that it will increase its total UK revenues by £1m this year after seeing its turnover hit £3.5m for the previous 12 months (ending April 2012) up from £1.9m in 2010/11.
The SME division was established in 2010 when its first year turnover totalled £800,000. Thanks to a targeted expansion drive - and an increase in demand from the SME sector - it has since grown its presence around the UK and it employs now six full time consultants across its network of offices in Manchester, Birmingham and Leeds. They deal solely with the placement of interim managers at all levels across various SME industries including manufacturing, food & drink, technology and business support.
The division is also aiming this year to increase its headcount by two and the number of placements it makes from 70 to 90. The main drivers for the positive figures have been because SME businesses realise that by bringing in specialist interims, they can solve specific problems and skills shortages, increase performance and maximise profits at a variable cost with no fixed overhead.
Grant Speed, managing director of Odgers Interim, commented “These figures are great news for the business and we’re all delighted with them. The Government hopes that SME sector is going to bring the economy out of recession but many small to medium sized businesses are still struggling to secure finance so permanent recruitment isn’t always an option open to them. This has meant a real upturn in the demand for specialist interims – especially those in marketing, business development, turnaround, financial management and procurement.
Grant concluded I don’t think this situation is likely to change in the short term so our aim is to stay focussed and respond to the demands of both our clients and the wider market.”