Recruiter Rullion racks up higher profits

A GROWING economy and demand for staff sparked a surge in profits at privately-owned recruitment company Rullion.

Newly-filed accounts for 2014 reveal the Altrincham-based company’s turnover grew 24.8% to £407.3m  as  pre-tax profits rose 50% from £2.7m to £4.2m.

Rullion, owned by the Cyprus-based Saoulli family, operates across six disciplines ranging from engineering and building to IT and offers temporary, permanent and contract staff.

Its Solutions division led by James Saoulli – the son of founders Rose and Themistocles – is the group’s consultancy and technology arm and helps businesses reduce costs by making sure their resource management and recruitment processes are effective and efficient.

To help grow and retain customers by providing excellent service, Rullion also runs its own ‘sales academy’. 

In the directors’ report accompanying the accounts, it added: “Recruitment is a sector that inherently follows the broader business cycle. Customers engage and release workers to suit their particular activity levels.

“The conditions in the broader economy appear to have improved over the last year and the Rullion Group has benefited accordingly. However, this improvement is in the context of much greater competition and the service Rullion offers is extremely price sensitive.”

To protect the group from external risks inherent with the business cycle, the company said it is “consistently investigating promising areas of related business away from the group’s core markets.”

At the close of the year Rullion had 1,834 employees on its books, up from 1,478 in 2013.

In line with the strong performance a dividend of £580,000 was paid to shareholders, up from £500,000 the year.