Kellan Group sees slow growth
In the six months ended 30th June 2015, the Group achieved year on year sales growth of 8% with £11.5m, compared with £10.7m in H1 2014 while Net Fee Income (NFI) declined from £3.9m in H1 2014 to £3.7m in H1 2015.
Operating profit for H1 2015 was £0.3m, compared with £0.1m in H1 2014 and £0.16m in H2 2014. There was a continuous focus on overheads with administrative expenses reduced by 13% to £3.4 million over H1 2015, compared with £3.8 million during the comparable period in H1 2014 and £3.9 million in H2 2014.
Profit of £0.2 million during H1 2015, compared with a loss of £0.1 million during the comparable period last year. The company also saw adjusted EBITDA profit of £0.4 million during H1 2015 compared with £0.3 million during H1 2014.
There was basic earnings per share of 0.06p compared with loss per share of (0.02p) in H1 2014.
Berkeley Scott continues to be the leader in hospitality and leisure recruitment markets
Temporary recruitment grew year-on-year across all locations.
The RK business saw the benefits of consolidation and restructuring carried out in 2014.
Continued success with SME's coupled with penetration in large PLC businesses.
Significant new client wins in Quantica including Easyjet, Zurich and Haven Power.
Continuous investment in IT systems with new fleet of front end hardware installed for every member of staff. A back-end infrastructure project is ongoing to further strengthen the existing robust environment.
Upgraded CRM system to improve efficiency due to go live in Q4 2015.
Strategic closure of loss making Midlands operation to focus investment in better performing areas.
Kellan operates across a wide range of functional disciplines and industry sectors. The Company joined the AIM market in December 2004.