UK revenue decreases 8% YoY for Nakama
Nakama Group has released its preliminary results for the year ended 31st March 2016.
The group’s net fee income improved by 8% on the prior year to £5.73m (2015: £5.32m). The net fee income percentage increased to 27.3% (2015: 24.5%).
Namaka states that its group revenue decreased by 3% year-on-year to £21.0m (2015: £21.7m). Revenue across the APAC region increased by 11% to £6.92m (2015: £6.25m) while revenue across the UK region decreased by 8% to £14.1m (2015: £15.4m).
In August 2015, Rob Sheffield was appointed as CEO and in October 2015 Angus Watson was appointed as CFO.
The group’s global internal learning and development training programme is underway, running from 2015 – 2017. The group’s website and external marketing has also undergone infrastructure and operational changes. In addition, as of January 2016, there have been structural changes to the UK and Highams businesses. Finally, Nakama has also launched a New York office.
Rob Sheffield, CEO of Nakama, commented, “During the last year we have changed the organisational structure of the group, spent more on training staff, invested in high calibre sales consultants to increase revenue going forward and opened an office in New York. Accordingly, 2016 will be a year of transition for the Group, ensuring that we can both consolidate on and leverage off the foundations that have been laid for a successful future for Nakama Group plc. We continue to enhance our brand and benefit from our international footprint”.