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Concept Resourcing reports records results

Concept Resourcing reports records results

Concept Resourcing is delighted to report their best ever results in the company’s twelve year history. The independent IT, Engineering and Public sector recruiter has reported a record year with sales of &pound9 million and gross profit of &pound2.2 million over 2012 (an increase of 18% over 2011). Profit before taxation is reported at &pound715,000.

The company has seen growth in sales across all 4 divisions within the company, with an increase in both permanent and contract sales. The biggest growth came from contract sales, representing 63% of gross profit. The company has continued to increase its sales since 2008 despite challenging trading conditions.

Commenting on the results, Chris Short Managing Director says  “2012 has been a sensational year and I am delighted to report record results. The company has seen a strong demand for our services across IT and Engineering, with our Project Services division seeing the largest growth over the year. We peaked at just over 300 contractors in 2012 which again was another company record.

Permanent sales were more challenging in some areas of the business, although we continue to be the market leader in our specialist areas, including technology deployment into retail and retail banking.

The company has invested significantly into new technology over Q4 2012, including new recruitment and online timesheet systems. We will also be launching a new website over the next 3 months. We expect this investment to help drive our future growth over 2013.

The good news is we enter 2013 with stronger contract sales than ever before and we are also significantly up on permanent placements compared to this time last year”

John O’Sullivan, non-executive Chairman of Concept Resourcing since 2007 says

& lsquo;These results are stunning by any standards. To have achieved year in year profitable growth through a tough recession whilst continuing to build on infrastructure for the future is great credit to Chris and the team. 2013 is off to a great start and we look to take Concept Resourcing to the next level’.


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