Wed, 4 Sep 2013The chief executive officer of recruitment and outsourcing firm Staffline Group has set out his plans to grow turnover at the company to £1bn, and make £30m profit by 2017.

In the first half of 2013, the company recorded a 14% rise in revenue to £187m and a 32% rise in profit before tax to £4.9m, compared to the same period last year.

Andy Hogarth (pictured) tells recruiter.co.uk that he is “very pleased with the results” particularly because profits rose faster than revenue.

Hogarth agreed that the jump between annual sales of £400m and £1bn was a “quite a lot in reality”, however in the context of the company’s track record of increasing revenue tenfold since it floated in 2004, it is “not that much growth”, he comments.

He says while the company was still looking to make acquisitions, the plan was for growth to be organic. Hogarth said he expected growth to be driven by the blue collar and industrial market, which was showing signs of strength.

Hogarth said the plan was to grow sales at Eos, the company’s welfare to work business to £100m.

• Click for recruiter.co.uk’s City Comment piece from Adrian Kearsey in May ‘Stock specific factors drive Staffline and Harvey Nash’, for more on Staffline’s growth.