Procurer of temporary agency labour in the UK, de Poel, increased turnover by 43% in 2010 to reach £299m.

The company also retained profits for that year of £2.6m in de Poel Holdings.

The company also posted a turnover of £140m in the first five months of this year, an increase of 26% on the same time last year.

A seasonal uplift in volumes is expected in the latter half of the year with a healthy pipeline of new projects. The full year benefit of recent client wins, such as Argos and British Gas, is yet to be seen, according to de Poel.

The group projects a turnover of £375m to £400m this year and, on the back of these increased volumes, a significant uplift in retained profits is similarly expected.

In February, de Poel established a new strategic banking relationship with Santander to further assist supplying agencies in their funding through early settlement product.

Matthew Sanders, chief executive of de Poel, says: “There are also new product launches in the pipeline that will come to fruition around September.”