Outsource UK’s niche approach bolsters turnover
RECRUITMENT consultancy Outsource UK, which has offices in Manchester, has seen its turnover increase 23% to £46.8m.
The company, which also has offices in the Midlands and Swindon, said its growth for the year to the end of May is as a result of both an increased share of the existing financial services business and the addition of new customers to the portfolio.
Nick Dettmar, chief operation officer, said: “The financial services sector in particular remains attractive as regulatory reform, and the digitalisation of many services, is driving the need for new talent.”
Material growth has also been seen in the Manchester-based engineering division, which now contributes 18% of the company’s revenues, a growth of 6% on the prior year. The engineering division has focussed on building its capability within the specialist defence-based engineering markets.
“The ability to provide a high quality service into highly regulated markets is a key Outsource differentiator and a continuing area of investment,” said Dettmar.
During the year Outsource launched its public sector division and secured a place on the Government’s Non-Medical, Non-Clinical framework.
Paul Jameson, Outsource’s founder and chief executive, said: “We have taken steps to strengthen our infrastructure to capitalise on improved trading conditions. This work will continue through 2015 as we look to implement our five year strategic plan. We will build deeper specialist expertise within our chosen market sectors as we expand our service portfolio across the financial services and engineering sectors and look to exploit the growth opportunities that our move into public sector recruitment presents.
“We have committed future capital to build scale within the business which will help us continue our focus on delivering sustained compound growth whilst improving on efficiencies and productivity. We believe we can continue to outperform our sector by focussing on delivering a high quality service to our partners.”
