Recruitment firm posts record revenues
Profits at an East Midlands recruitment firm have doubled after it reported for record turnover for 2018.
Leicester-based Encore Personnel turned over £72.1m last year, while operating profits were up 100% to £1.4m.
Staff numbers at the firm, which has 10 offices, increased by 191 to 206 over the year.
Encore says it is now on course to reach a turnover of £79m by the end of this year.
In a statement in the company’s latest accounts, Encore said: “Despite widespread concerns around Brexit we have continued to see the economy strengthen, both in the UK and across Europe. This has led to the labour market constricting considerably across our operations. Despite this, we have worked alongside our valued customers to build and deliver recruitment and retention plans on a proactive basis.
“We enter 2019 with a clear plan and look forward to reporting our progress in the coming year.”
Greg Latham, managing director, said: “This achievement, this new record for the business has really set out our stall. We have an amazing team led by talented individuals who are hugely knowledgeable about their clients and their clients’ industries. It’s a clear advantage that we invest so deeply in staff development and have established a reputation for anticipating client needs and recognising recruitment trends within their sectors.
“Moving forward in 2019, our future strategy plans will see four new Managed Services divisions, the expansion of our driving and engineering sectors and the continued growth of our new Contact Services division. We are also looking to increase our permanent placement revenue by 30% at the end of 2019, by placing more candidates into senior roles.”