NFI up 16% at year-end 2018 for nGAGE
nGAGE Specialist Recruitment has released its results for the 2018-19 financial year.
The company reported that turnover is up 8% to £356m and NFI up 16% to £66m. Growth in temporary and permanent recruitment was relatively balanced at 20% and 14% respectively. This performance was driven by organic growth, including the continued development of its managed service businesses, the success of its start-up ventures and its M&A programme.
The growth of its international business was a key driver of growth in the last 12 months with international markets contributing 28% of NFI against 15% in the prior year and growing by 49% over the prior year.
Tim Cook, nGAGE Group CEO, said, “This year has seen us develop the nascent domestic offices we opened last year and put significant horsepower behind our international strategy. Internationally, we are now in Dublin, New York, Austin-Texas, Berlin, and Munich and are preparing for Florida with some relish. There is now significant capability within the Group to support our International ambitions and we intend to exploit that to the max. We will continue the M&A programme, looking for specialist businesses to back and who want to join the nGAGE family.
“nGAGE’s proprietary technology capabilities have supported continued growth in its managed service business (Retinue) which have increased spend under management over the last year with some of our biggest wins ever. The Group now has Software as a Service (SaaS) portfolio of products to licence to other recruiters and indeed client-direct solutions. This year saw the sale of its first ‘tech only’ SaaS VMS and ATS product suites to a range of clients.
“We also saw the creation of our International Service Centre in India designed to specifically support our businesses wherever they may be in the world, now and in the future, in an environment which can be scaled easily and efficiently.
“Delivering exceptional value to the public sector, be that in health, social care or education is our driver in this pillar of the business. Our consultancy business has delivered many ‘Value for Money’ (VFM) discoveries to enable the clients to extract maximum value from their supply chains. We consider our offering to be an asset to the Sector in this challenging austerity environment.
“The UK public sector trading environment has of course been challenging but we have continued to grow and take market share which is very pleasing. We have significantly improved our delivery capability through the continued investment in technology and we are better placed than ever to capitalise on the opportunities ahead of us.”
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