FINANCIALS: Gattaca reports £21.1m NFI

In a trading update for the six months ended 31 January 2021, engineering and technology recruiter Gattaca has said it expects to report net fee income of £21.1m.

The NFI figure, the company said, primarily reflects the market impact of the global pandemic over the entire reporting period. The first half of 2020’s NFI was £31.8m. The company said also that it expects to report net cash before IFRS16 adjustments of £22.9m, compared to £27.3m in the first half of 2020.

“Improving activity levels in our core markets continued through Q1 and we were pleased to deliver quarter-on-quarter UK NFI growth of 9% versus Q4,” a company statement said. 

The company warned that NFI recovery for FY21 was likely to “be at a slower rate than previously forecast”. However, the statement said, “we currently expect full-year underlying [profit before tax] to be in line with market expectations”.

Gattaca will announce its interim results for the six months ended 31 January 2021 on 31 March 2021.

• Comment below on this story. Or let us know what you think by emailing us at [email protected] or tweet us to tell us your thoughts or share this story with a friend.

Hydro Energy Group uses AI to support contractor wellbeing

An energy recruitment company is using artificial intelligence to help support the health and wellbeing of its contractors.

12 April 2021

MCG Group appoints Bull as MD in MCG Construction

The MCG Group has appointed the former CEO of Randstad UK, Middle East & Ireland as managing director of the group’s construction arm, MCG Construction.

People 9 April 2021

FINANCIALS: Gattaca reveals Covid impact in interim report

STEM and contract recruiter Gattaca has today reported continuing net fee income of £21.1m in its interim results for the six months ended 31 January 2021 in the face of “encouraging signs of recovery” from the global pandemic slowdown of recruitment activity.

Financials 31 March 2021

NEW TO THE MARKET: 29 MARCH-2 APRIL 2021

This week’s new launches include: Be-IT, Bradstone Allington, DWP, MyKindaFuture, Nine Twenty, Recruitment Growth Catalyst, Red Clean, Sixty Eight Jobs, VGC

New to Market 29 March 2021
Top