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Spencer Ogden publishes 2013 full year results

Global net fees rose by &pound9.1m ($15.1m) in 2013, to &pound19.9m ($33m), an increase of 84 per cent, while the core EBIT figure, excluding office investments, stood at &pound4.9m ($8.1m). With these included, EBITDA totalled &pound2.2m ($3.7m).

David Spencer-Percival commented, “These figures reflect the hard work and driven attitude demonstrated by all Spencer Ogden’s employees. We have always been a close knit team, and remain so despite our growth. This has helped us surge forward, winning bigger contracts, attracting new candidates and expanding our services.”

Spencer Ogden’s plans for the coming year include the development of its existing office network and the addition of three to four new offices. This will increase the total number of employees to beyond 400 by January 2015.

“We see no sign of growth slowing up we are planning for another big year in 2014,” commented Spencer Percival. “If all goes according to plan we will turnover between &pound70m ($116m) and &pound75m ($124.5m) and generate global net fees in excess of &pound30m ($49.8m). We are an ambitious company and our budgeted figures exhibit this.”

Since its launch in 2010, Spencer Ogden has placed more than 6,000 candidates in energy jobs around the world across eight sectors of the industry. In that time it has opened offices in 12 countries, across five continents, and has won numerous awards in recognition of its growth, innovative approach to energy recruitment and as a great company to work for. In 2013 it listed fifth in the International Track 200 while its founder, David Spencer Percival, was awarded Entrepreneur of the Year at the National Business Awards.


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