PROFESSIONAL RECRUITMENT

Quantica strengthens balance sheet

Quantica has reported its results for the 13 months to 31 December 2006 after changing its accounting reference date.

It has a cash balance of more than £9m, after disposing of healthcare and training businesses.

Pre-tax profit for the 13-month period was £7.5m, boosted by the business sales. This compared with £2.6m for the 12 months to 2 December 2005.

Turnover rose to £45.5m from £39.7m, but is likely to fall in 2007.

Les Lawson, chairman and chief executive, said: “The current year has started well. Businesses have performed ahead of internal expectations in Quarter 1 of our new financial year and the markets in which we operate continue to be robust.”

* Tonight is The 2007 Recruiter Awards for Excellence, supported by Thomas International, read about it  heretomorrow!

Top