Chief exec to step down at Nottingham recruitment giant

Andy Hogarth, the chief executive of Nottingham recruitment firm Staffline, has stepped down after 15 years in the role.

The announcement was made the London Stock Exchange this morning (24 January) as Staffline revealed its full year results for 2017.

Hogarth will be replaced as chief executive by chief executive by Chris Pullen, but will stay on as a none-executive director. Mike Watts steps up to chief financial officer.

Meanwhile, Staffline reported annual revenues of £957.8m in 2017 – just short of its £1bn target, but up 8.5% from 2016. Profits rose 27.5% to £24.1m.

Hogarth said: “These strong results are testament to the hard work and determination of all those involved in our business.

“In what has remained a competitive environment, we are delighted to report such strong organic revenue growth and the increased statutory profit before tax. Underlying profit before tax was marginally below 2016 levels.

“Recruitment has continued to perform well. Our reputation for reliability has not only led to many new contract wins but also existing customers extending their work with us, meaning Staffline is increasing its market share more than ever before.

“PeoplePlus continues successfully to manage the wind-down of the Work Programme, driving operational efficiencies whilst winning many new contracts in other areas such as Fair Start in Scotland, Adult Education and supporting companies with their new apprenticeship programmes.

“We look forward to 2018, the start of our new five-year target period, with great confidence.”