FINANCIALS: Growth at Fastream Recruitment and Jark
11 November 2013
Recruitment firms Jark and Faststream Recruitment – a Recruiter FAST 50 2013 entrant – saw growth in turnover and revenues, according to results documents filed at Companies House.
Mon, 11 Nov 2013Recruitment firms Jark and Faststream Recruitment – a Recruiter FAST 50 2013 entrant – saw growth in turnover and revenues, according to results documents filed at Companies House.
Faststream Recruitment
Turnover rose by one-third from £16.7m to £22.5m in the year to 31 March compared with the previous 12 months at the shipping, oil & gas, mining and built environment recruiter.
While gross profit was up by one-sixth to £2.8m, much-increased administrative expenses meant operating profit was down from £811k to £773k.
Profit was down only slightly from £597k to £580k.
Last year, just under 8% of turnover was generated outside of the UK, where the firm has offices in Singapore, Houston and Fort Lauderdale, Florida, but rapid overseas growth saw this rise to 20%, much outpacing UK growth.
Headcount grew from 63 to 77.
The firm was ranked 23rd on Recruiter's 2013 FAST 50 list of the UK's fastest-growing recruitment businesses, according to annual sales growth.
Jark
The recruitment group’s turnover grew to £65.9m in the year to 31 March 2013, up from £57.2m in the previous year, with gross profit rising from just under £11m to £11.8m.
The company’s operating profit of £1.7m was four times higher than last year’s figure, and profit for the year of £1.1m compares with £82k previously.
At 31 March 2013, the firm’s subsidiaries included recruitment agencies Aptus Personnel, Jark Construction, Jark Healthcare and Jark Industrial, payroll and recruitment firm Jark Healthcare Services, payroll firm Paytemp, cost administration firm Expenses Solutions, and various other non-trading and dormant firms and a further intermediary holding company.
Employee numbers rose from 158 to 176.
Faststream Recruitment
Turnover rose by one-third from £16.7m to £22.5m in the year to 31 March compared with the previous 12 months at the shipping, oil & gas, mining and built environment recruiter.
While gross profit was up by one-sixth to £2.8m, much-increased administrative expenses meant operating profit was down from £811k to £773k.
Profit was down only slightly from £597k to £580k.
Last year, just under 8% of turnover was generated outside of the UK, where the firm has offices in Singapore, Houston and Fort Lauderdale, Florida, but rapid overseas growth saw this rise to 20%, much outpacing UK growth.
Headcount grew from 63 to 77.
The firm was ranked 23rd on Recruiter's 2013 FAST 50 list of the UK's fastest-growing recruitment businesses, according to annual sales growth.
Jark
The recruitment group’s turnover grew to £65.9m in the year to 31 March 2013, up from £57.2m in the previous year, with gross profit rising from just under £11m to £11.8m.
The company’s operating profit of £1.7m was four times higher than last year’s figure, and profit for the year of £1.1m compares with £82k previously.
At 31 March 2013, the firm’s subsidiaries included recruitment agencies Aptus Personnel, Jark Construction, Jark Healthcare and Jark Industrial, payroll and recruitment firm Jark Healthcare Services, payroll firm Paytemp, cost administration firm Expenses Solutions, and various other non-trading and dormant firms and a further intermediary holding company.
Employee numbers rose from 158 to 176.
