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SSQ’s gross profit up 34% YoY

Shilton Sharpe Quarry (‘SSQ’) has announced that 2015 was a record breaking year for the business.

Financial results for the year ended 31st December 2015 showed gross profit of £21.5m and profit before tax of £7.0m. These figures represent increases of 34% and 56% respectively on 2014’s results, with the business more than doubling gross profit and profit before tax over the last five years. .

2015 was a very busy year for SSQ, with significant investment seen across all of the business’s jurisdictions and an increase in headcount of around 20%.

SSQ’s chief executive, Nick Shilton, commented, “2015 was a year of unprecedented growth for us as we looked to expand all of our teams around the world. However, while we grew particularly in the UK, Italy and Asia, our strong financial results are a result of the hard work and success of all our offices around the world.

“2016 has presented assorted challenges but we are well on track to continue the year on year growth that we have experienced for the last 13 years. The results of the Brexit referendum have inevitably led to some uncertainty but equally many of our clients have identified that this presents them with recruitment opportunities. Given our unique combination of service lines and geographies we believe that we are extremely well positioned going forwards.”

Picture courtesy of Pixabay

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