Omega Resource Group half-year statement indicates record year
Financial and Business highlights:
· Revenue: £40m full year revenue in 13/14, predicted £60M for 14/15 financial year
· EBITDA: predicted 50% yr on yr growth
· Gross Profit : predicted 20% yr on yr growth
· Staff: 15% increase and have also peaked at a payroll of 2.500 contractors per week
· Technology: invested £1/4 million in new CRM tool
· Management: new management board introduced
During the first half of 14/15 financial year, Omega Resource Group - headquartered in Stonehouse, Gloucestershire with offices in the UK and Qatar - has increased their revenue and EBITDA by 50% and expect to maintain this through to year end. The specialist recruiters have seen a 15% increase in staff numbers throughout 2015 and have invested £1/4M in two new CRM systems, one to support the recruitment business, and one for its & lsquo;sister' engineering services business. These figures indicate 2015 will be a record year for Omega Resource Group and allow the business to further expand.
Paul Day commented on this strong performance: "The recruitment sector has been generally strong - combined with the slowly recovering UK economy, hard work from all of our staff, and strategic decisions taken over the last two years has meant our growth this year has been particularly good. We've also secured several new clients, especially within Datum, our RPO business, that have made a significant impact."
"The automotive, aerospace, infrastructure and facilities management sectors remain key for us and we predict much of our growth in 15/16 to stem from these sectors."
Omega Resource Group Ltd, Datum RPO Ltd and Omega Engineering Services Ltd are a family of businesses under the Passionate About People Ltd holding company.
Additionally, it has been a significant year of awards wins and nominations for the Group. Datum RPO was awarded & lsquo;Most Innovative Supplier of the Year 2014' by one of its key clients and was recently shortlisted for the Recruiter Awards for Excellence 2015 in the & lsquo;Outstanding Outsourced Recruitment Organisation' category. Omega Engineering Services was awarded the prestigious AS9100 accreditation to accompany its ISO 9001, 14001 and SC21 Bronze accreditations.
Co-Founder James Strickland, added, "We're delighted the business has and is performing so strongly - investing in a new CRM system and with the help of our management board we're streamlining our business processes and ensuring the business continues to grow well into 2015 and beyond."