Derby recruitment firm remains positive despite profits drop

RTC Group, the Derby-based engineering and technical recruitment company which also owns the Derby Conference Centre, has seen profits fall slightly for the year ending December 31 2016.

Revenues at the firm continued to climb, up from £64.9m in 2015 to £67.9m last year, but profits fell from £1.3m to £1.1m.

Andy Pendlebury, CEO said: “2016 was another positive year for RTC. Ganymede continues to build its reputation as a leading supplier to Network Rail on its CP5 maintenance and renewals programmes. ATA’s regional branch network delivered another solid year and the ATA project business, despite its third quarter difficulties, rebounded strongly in the last quarter of the year. Whilst overall Group revenue has only increased modestly from 2015 and gross margin and net profit were not as originally hoped, cash generation was strong and we are pleased to be able to propose a 2.0p per share final dividend.

“We will continue to build value for shareholders through the further implementation of the Board’s strategic plan of building and investing in complimentary subsidiary businesses. RTC will seek to develop new opportunities for growth through the delivery of both independent and integrated solutions for existing and new clients. Our success in capturing multi-subsidiary business opportunities is growing and as more clients are aggressively accelerating supply chain consolidation, we believe our strategic advantage will gather pace.”