FINANCIALS: City recruiter Morgan McKinley declines in 2012
11 December 2013
Professional recruiter Morgan McKinley saw its revenues shrink and its consultant headcount drop by nearly a quarter in 2012, although it remained firmly in profit.
Wed, 11 Dec 2013Professional recruiter Morgan McKinley saw its revenues shrink and its consultant headcount drop by nearly a quarter in 2012, although it remained firmly in profit.
Turnover at the company dropped to £68.7m from £77.7m the previous year, leaving the firm with gross profit of £15.7m, down from £19.3m. It had stood at £21.4m in 2010.
This translated to a profit for the year of £800k, compared with £1.2m in 2011.
The City recruiter’s results, filed at Companies House, also show the average number of employees at the company dropped from 265 to 202, with 126 fee earners against 162.
Turnover at the company dropped to £68.7m from £77.7m the previous year, leaving the firm with gross profit of £15.7m, down from £19.3m. It had stood at £21.4m in 2010.
This translated to a profit for the year of £800k, compared with £1.2m in 2011.
The City recruiter’s results, filed at Companies House, also show the average number of employees at the company dropped from 265 to 202, with 126 fee earners against 162.
- Morgan McKinley has dropped off the 2013 Recruiter HOT 100 league of the UK recruitment firms with the greatest gross profit per employee. The 2013 HOT 100 is sponsored by Flo Software Solutions and supported by RBS.
