HCIG H1 profits up 60% on prior year
Commenting on the first half results Tim Cook Group CEO of Human Capital Investment Group said, “Continuing our first quarter successes, even against tougher comparatives, we have enjoyed spectacular performances from all of our businesses – without exception. Human Capital Investment Group, made up of ten & lsquo;boutique’ recruitment companies continues to outperform with exceptional growth across the board during the first half of the year.
The market has been gaining in strength for some time and our niche specialist boutiques are really delivering. Our core DNA of being & lsquo;ruthlessly focussed’ all the way down to the individual desk level is starting to pay dividends. Recruitment is, and always has been, a relationship business with both the client and candidates, real value is only delivered by being really close to both.
Comparing our Group H1 numbers against the same period last year:
HCIG turnover is up 24% - 6 months - £90,000,000
HCIG fees (GP) up 29%
HCIG Contract up 25%
HCIG Perms up 43%
HCIG profits up 60%
At a sector level our Public sector and Private sector worlds are equally strong and it’s been great to see the regional offices continue their strong run.
By specialism, Health & Social Care (Eden Brown, Caritas, Synergy) is as busy as we have seen it, Synergy’s new nursing division has placed over 200 permanent nurses in the last six months, and were recently included on the Government Procurement Service framework. Caritas our specialist social care business has led the charge with its Locum growth.
Public Sector– Housing and Revenue & Benefits (Eden Brown, Synergy) has seen growth in all sectors. Our Executive recruiter (Attenti) has recorded its best month in September by some margin.
The Built Environment (Eden Brown, Resourcing Group) is particularly strong with skilled candidate shortages starting to become the norm.
Our Engineering businesses (ewi, Proactive) are succeeding both internationally and domestically with ewi recording a September that saw its productivity double.
It’s a people business&hellip
We are delighted to welcome new personnel with experienced upper quartile billers joining the group throughout the divisions. We have added over 50 consultants to our organisation over the last six months and this includes our first intake of a dozen graduates entering the HCIG Academy programme.
HCIG really is becoming the place to be. We are finding that expert consultants really want to be part of a specialist firm with its own unique brand and identity rather than work for a generic & lsquo;cruiter. Our unique offering to successful consultants also allows us to be creative around their engagement with us from offering fantastic career opportunities, exciting equity schemes through to creating new Joint Ventures as new divisions or even new companies. We encourage people, if they have the appetite, to co-invest in our new businesses. Our pipeline of opportunity is as good as we have seen it and we approach the second half with relish.”