International growth boosts Morson’s revenues
TECHNICAL recruitment firm Morson Group’s first year after a £23m take private deal by its founders Ged and Gerry Mason, was a successful one, with a surge in turnover.
The Salford company said 2012 revenues rose 9.3% to £555.1m and gross profits by 7.5% to £41.8m.
The company, which delisted in July 2012 , said its growth had bene underpinned by international expansion as it opened offices in the Middle East and the US earlier this year.
Group chief executive Ged Mason, said: “Within a difficult economic period we have again demonstrated resilience through our strength across the technical engineering markets.
“In particular we have seen growth within aerospace, defence, rail, oil and gas and IT, along with new overseas opportunities driven by a great team of employees across the business.”
Chairman and founder Gerry Mason, added: “The board’s view is that the current year will again be challenging. We expect our core markets to remain solid but margin pressures to continue.
“Our priorities are to deliver a world-class service, understanding our clients’ needs and solving the challenges they face around the world, every day.”