Next Ventures sees NFI rise almost 25% at year-end 2018
Next Ventures Group has released its audited financial results for 2018.
Revenue increased to £56.3m, a 19.5% increase on previous year and net fee income grew to £14.1m, a 24.8% increase on previous year. Contract net fee income was £10.3m a 24.1% increase and permanent net fee income was £3.8m, a 26.7% increase. EBITDA margin was £3.8 million, up 19.6% on previous year.
Head quartered in London with six international subsidiaries, the privately held group has continued to grow sales both in the UK and internationally in this highly competitive sector.
The growth achieved has continued to be organic without acquisitions and no external investment or debt.
Richard Lacey, co-founder, commented, “Our continued expansion is testament to our great team of ‘Niche Focused Recruiters’, who strive to deliver the highest calibre resources to our clients. We are proud to assert that the NV team is the best in the business! Our growth this year is particularly pleasing on the back of our outstanding growth of 42% in 2017! The political uncertainty is not ideal; however we are weathering the storm exceptionally well, and the Next Ventures team will continue to win whatever the resulting landscape, in Europe and beyond!”
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