BRG predicts £70m turnover for 2016
Berry Recruitment Group (BRG) has revealed it is on target to reach a turnover in excess of £70m this year, following its recent acquisition of Amanda Smith Recruitment.
Managing director, Chris Chown, said the recent acquisition, as well as organic growth, is expected to enable the company to double its turnover within four years, whilst continuing to increase its profits.
Amanda Smith Recruitment gives BRG another base in London and brings the number of BRG locations in England and Wales to 32 and staff numbers to more than 200.
Chown said, “The group continues to go from strength to strength and the 2015 performance was the strongest to date.
“The year saw fantastic acquisitions, strong organic growth and the development of onsite divisions at Gestamp in Cannock and Argos near Bedford.
“From our 32 locations across England and Wales we achieved total sales of £60m, increasing by £11m.
“We had ‘temp’ gross profit growth of 16.3% to £9.9m, ‘perm’ gross profit growth of 49% to £2.5m and total profit growth of 22% to £12.4m.
“Bearing in mind our sales back in 2010 were £18m the performance is outstanding.
“The board are aware that to be the best we need to attract and retain the best and as part of that we remain committed to training and development.
“The Group Training function now offers a full two year consultant journey as well as many bespoke management development courses.
“As the group continues to grow so will opportunities for progression so we will continue to offer a top class suite of training courses so that everyone can benefit and develop to maximise their potential.
“We are now anticipating turnover of more than £70m this year with increased profits as well.”
Chown announced the projected 2016 figures at the company’s annual awards ceremony, which was held at Madame Tussauds in London.