SSQ announces 2014 profit before tax nearly 5m
Financial results for the year ended 31 December 2014 showed gross profit of £16.2m and profit before tax of £4.8m. Both figures represent 20% increases on 2013’s financial results. SSQ has increased profits before tax year on year since its launch in 2003 and these latest figures represent another all time high.
These financial results follow another busy year for SSQ which included continued expansion. In 2014 SSQ launched a new office in Singapore and strengthened its existing teams in the UK, France, Germany, Italy, Spain, Hong Kong and China with a number of new hires. SSQ’s interim recruitment business, SSQ Interim Solutions, also enjoyed increasing growth and traction following its launch in late 2012 and currently numbers 10 fee-earners.
In 2015 SSQ has grown further by hiring ten new consultants in fewer than six months. Revenue for the year to date is over 20% up on the same period last year and once again SSQ expects significant increases in both gross and net profit in 2015.
SSQ’s chief executive, Nick Shilton, commented, “2014 was another excellent year for SSQ. Our permanent legal search business is unrivalled in the UK and internationally, while our permanent in-house business goes from strength to strength, particularly in the UK, Germany and China. We are delighted with the development of our interims business, which now has real momentum having worked successfully on a number of major document reviews, while our Asian businesses are also set to contribute materially to SSQ’s success in 2015. Our latest financial results evidence SSQ’s excellent progress and we see the business taking another significant step forward financially in 2015 with ongoing growth across all our businesses and jurisdictions.”