FINANCIALS: Liquid up, RDL down
22 August 2013
Results for social and healthcare recruiter Liquid Personnel show growth at the firm, while IT and pharmaceutical recruitment group RDL, the parent company of SEC Recruitment, saw revenues drop while it re-organises its subsidiaries.
Thu, 22 Aug 2013Results for social and healthcare recruiter Liquid Personnel show growth at the firm, while IT and pharmaceutical recruitment group RDL, the parent company of SEC Recruitment, saw revenues drop while it re-organises its subsidiaries.
Liquid Personnel
The company says it had a “very positive year of growth across the business”, with revenue increasing to £21.9m in the year ending 31 March, a 65% rise on the previous year, according to its results document filed at Companies House.
Gross profit rose by just under two-fifths from £2.2m to just shy of £3m, and operating profit jumped from £677k to just over £1m.
The document also notes that “a key success for Liquid Personnel this year has been the expansion of the company’s Health & Social Care division”, which it says “played a major role in the company’s increased profitability”.
The firm’s average monthly number of employees in the year is recorded at 40, up from 34 in the previous period.
RDL Corporation
The firm’s results, filed at Companies House, show “an under-performance in the IT division”, translating to a fall in turnover between 2012 and 2011 – although the pharmaceutical division continued to grow – as the firm again made a loss for the financial year.
The calendar year 2012 saw turnover of just under £18m at the firm, down from £18.3m in 2011, meaning operating profit halved from £556k to £280, while the loss for the financial year of £625k was nearly double 2011’s £345k.
The year also saw the merging of pharma offerings M3 Europe into the firm’s SEC Recruitment brand. Of the firms five subsidiaries, three (1st IT People, M3 and RDL Ltd) are no longer trading, having been incorporated into the SEC-branded subsidiaries, SEC Recruitment and its recently launched Swiss arm.
The firm notes that with around 54% of business overseas, “there is potentially a significant risk in the current market where we are experiencing such volatility in exchange rates”.
Liquid Personnel
The company says it had a “very positive year of growth across the business”, with revenue increasing to £21.9m in the year ending 31 March, a 65% rise on the previous year, according to its results document filed at Companies House.
Gross profit rose by just under two-fifths from £2.2m to just shy of £3m, and operating profit jumped from £677k to just over £1m.
The document also notes that “a key success for Liquid Personnel this year has been the expansion of the company’s Health & Social Care division”, which it says “played a major role in the company’s increased profitability”.
The firm’s average monthly number of employees in the year is recorded at 40, up from 34 in the previous period.
RDL Corporation
The firm’s results, filed at Companies House, show “an under-performance in the IT division”, translating to a fall in turnover between 2012 and 2011 – although the pharmaceutical division continued to grow – as the firm again made a loss for the financial year.
The calendar year 2012 saw turnover of just under £18m at the firm, down from £18.3m in 2011, meaning operating profit halved from £556k to £280, while the loss for the financial year of £625k was nearly double 2011’s £345k.
The year also saw the merging of pharma offerings M3 Europe into the firm’s SEC Recruitment brand. Of the firms five subsidiaries, three (1st IT People, M3 and RDL Ltd) are no longer trading, having been incorporated into the SEC-branded subsidiaries, SEC Recruitment and its recently launched Swiss arm.
The firm notes that with around 54% of business overseas, “there is potentially a significant risk in the current market where we are experiencing such volatility in exchange rates”.
