Financials

Shore Group secures £20m funding from Santander

The Shore Group, a Hove-based recruitment agency, has arranged an invoice finance facility from Santander UK to help its growth plans.

Gap personnel secures £30m finance from Lloyds Bank

Wrexham-headquartered recruiter gap personnel has secured a £30m invoice finance facility from Lloyds Bank.

Retail, Transport & logistics 10 November 2020

FINANCIALS: Gattaca results ‘overshadowed’ by Covid pandemic

Specialist engineering and technology recruiter Gattaca reports a period “overshadowed by the onset of the Covid-19 pandemic”.

Engineering, IT/Telecoms 5 November 2020

Private equity firm invests millions in Caroo platform

Manchester-based recruitment platform Caroo has received a multi-million pound investment from Optimise Capital.

15 September 2020

Bigger role for Stone Point Capital at Bullhorn

Recruiting software firm Bullhorn has announced that Stone Point Capital is to become the lead investor for its next phase of growth. At the same time, according to Bullhorn, Insight Partners and Genstar will remain investors in the business.

9 September 2020

FINANCIALS: Adecco revenues fall by more than €2m

Recruitment giant Adecco Group’s half year 2020 revenues dropped by more than €2m (£1.8m) from the same period last year, according to the company’s half-year report released today.

6 August 2020

FINANCIAL: UK NFI down 31% as Robert Walters sees 21% revenue decline

International professional recruiter Robert Walters became the latest staffing company to reveal the impact of the coronavirus pandemic on its finances, as UK net fee income fell by 31%.

30 July 2020

FINANCIALS: Revenue falls 6.9% at Heidrick & Struggles

International executive search firm and talent consultancy Heidrick & Struggles saw its revenue fall by 6.9% in the first six months of 2020, according to results announced today.

Executive search 28 July 2020

FINANCIALS: Revenue down 13% as RTC Group latest recruiter hit by pandemic

Aim-listed engineering and technical recruiter RTC Group is the latest public company to reveal the impact of the coronavirus pandemic, reporting a 13.3% fall in revenue for the six months to 30 June.

FINANCIALS: Parity Group ‘encouraged by return of activity and prospects’

Data and technology focused professional services group Parity Group says it is “encouraged by the recent return of activity and prospects”.

FINANCIALS: Randstad takes Covid-19 hit as revenues see 25% decline

As the company results season gets into full swing, staffing giant Randstad became the latest staffing company to report the effects of the global Covid-19 pandemic.

21 July 2020

FINANCIALS: Pandemic accelerated trends in our favour, says SThree CEO

The CEO of international STEM recruiter SThree says the group is well positioned to take advantage of the accelerating trends for demand for STEM skills and the growth of flexible working.

Engineering, IT/Telecoms 20 July 2020

FINANCIALS: Manpower swings to loss

Global staffing giant ManpowerGroup swung from profit to loss compared to the same quarter last year, as the effects of the global pandemic on its international operations were revealed.

20 July 2020

FINANCIALS: Gattaca reports fall in trading

Engineering and technology recruiter Gattaca today reported trading down 41% for the period of April, May and June this year over the same period in 2019, with full year net fee income decreasing by 22% for the year ended 31 July.

Engineering, IT/Telecoms 17 July 2020

FINANCIALS: Robert Walters releases trading update

Pre-Covid-19 investment in technology ensured that Robert Walters employees remained productive during the pandemic, the company revealed in its Q2 trading update today [9 July].

FINANCIALS: Norman Broadbent ‘better placed than many’ to respond to Covid

The CEO of professional services firm Norman Broadbent Group says that despite being impacted by the Covid-19 pandemic, actions taken “leaves us better placed to respond to these challenges than many”.

Executive search 29 June 2020

Redwigwam wins investment from Northern Powerhouse to expand

Flexible workers provider Redwigwam has secured investment from the Northern Powerhouse Investment Fund to fuel the next phase of its expansion.

9 June 2020

FINANCIALS: Norman Broadbent reports rise in profits

The Norman Broadbent Group has reported a 12% increase in net fee income (NFI) during January to April 2020 from the same period last year. 

Recruiters don’t have confidence in government CBIL loan scheme

Recruiters lack confidence in the government’s Coronavirus Business Interruption Loan (CBIL) due to continuing prohibitive criteria and lack of response.

Rec-to-rec 27 April 2020

FINANCIALS: Randstad stops cash bonuses for executive board

Global recruiter Randstad will not be giving its executive board cash bonuses this year. 

22 April 2020

HMRC suspends tax enquiries to businesses under investigation

HMRC is suspending enquiries into taxpayers and businesses that are under investigation, in the wake of the Covid-19 pandemic, news reports revealed today.

14 April 2020

FINANCIALS: Hays looks to raise equity to reinforce business

Hays has announced plans to raise £200m in equity as the recruitment giant contends with the coronavirus pandemic.

2 April 2020

FINANCIALS: Robert Walters stops dividend payment

International recruiter Robert Walters has revealed it will no longer propose a final dividend for the financial year 2019.

FINANCIALS: Gattaca ceases operations in China

Gattaca says the ongoing coronavirus pandemic will inevitably affect its profitability, with the technical recruiter revealing it is to cease operations in China.

FINANCIALS: Hudson Global reports solid growth with 50+% rise in revenue

Global talent solutions firm Hudson Global has reported a 53.5% increase in revenue year-on-year buoyed by “solid” growth in Europe and Australia.

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