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Staffgroup confirms 52m turnover & 40% profit increase

Year ended 31 December

Change

2013

2014 (Actual)

2014 (CC)

Actual

CC

Turnover

&pound42.5m

&pound52.2m

&pound54.2m

23%

28%

Gross Profit

&pound11.0m

&pound13.4m

&pound13.8m

22%

25%

Operating Profit

&pound2.5m

&pound3.2m

&pound3.5m

28%

40%

CC Constant currency

Source: Audited Accounts

Picture: Paul Flynn, joint managing director

Znowski and Flynn said, "Taking into account foreign currency movements, we have increased our turnover and profits by 28% and 40% respectively compared to our 2013 results. The split between our contract and permanent revenue (64%/36%) allows us to invest in our infrastructure and staff giving us the opportunity to fulfil our vision & lsquo;to become the leading privately owned specialist international recruitment business.”

Znowsk and Flynn believe that the continuing investment across the Staffgroup brands and offices will pay dividends in 2015 and they see a bright future for the business and all staff. They stated, “We will continue to grow in the core markets of all of our brands in London, Berlin, Hamburg and Houston. It is also our focus to identify, research and launch into new markets internationally which will add value to the Group.  April saw the launch of our Enginestaff brand serving the hi-tech engineering industry which demonstrates our intent for 2015.

"We are proud of being a group of recruitment businesses that has grown in a primarily organic way and we are excited about the future opportunities for all of our current staff as well as those who will  join us in the coming months.”

Staffgroup has offices in London, Berlin, Hamburg and Houston operating under the Eurostaff, Earthstaff and Enginestaff brands.

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