Nottingham recruitment giant sees profits soar by 224%

Staffline, the Nottingham-headquartered recruitment firm, has seem profit before tax soar by 244% for the year ending December 31 2016.

Profits rose to £18.9m, while revenues also shot up by 26% to £882.4m.

Staffline’s Staffing division had a record year and says it is on track to achieve its five-year £1bn revenue target.

Andy Hogarth, chief executive, said: “These strong results are testament to the hard work and determination of all those involved in our business. In what has been a competitive environment, we are delighted to report such strong organic growth and, with the decision to leave the EU having had no negative impact on trading to date, Staffline has continued to perform well. Our reputation for reliability has not only led to new contract wins but also existing customers extending their work with us, meaning Staffline is now increasing its market share more than ever.

We look forward to 2017 with great confidence and remain on track to achieve our ambitious five year target to grow revenues to over £1 billion in 2017.”