Sales and profits surge in record year for Fircroft
FIRCROFT, the North West recruitment company specialising in engineering and natural resources, has reported a record year of trading with profits surging 64% revenues by more than 20%.
The Warrington-based group, which sold a significant minority stake to private equity firm Equistone in 2012, saw revenues surge 24% to £898m, while pre-tax profits jumped to £22.6m. Gross profit in the year to the end of August 2013 was £59.6m up 22%
Founded by the Johnson family in the late 1970s, Fircroft counts luxury carmaker Bentley among its clients, along with oil and gas explorations companies too.
It operates in 60 countries, employing more than 600 people and supporting 8,000 contract workers worldwide.
Chief executive Johnathan Johnson said: “We delivered significant growth in 2013 as our turnover reached £898m, enabling us to increase our market share and closing in on £1bn turnover.
“We plan to continue the upward momentum by investing in and further expanding our global operations in the Middle East and Asia Pacific, which are key priority locations for us in 2014.”
Last autumn Fircroft strengthened its senior team with appointment of Stuart Hall, as chief finance officer, joining from Pace, the Yorkshire-based consumer electronics company.