Recruitment firm reports 50% profit increase
Berry Recruitment Group (BRG) has seen its turnover increase by £5m to £74.4m for 2019 while profits rose 50%.
The firm, which has offices in Birmingham, Cannock and Stafford, saw profits before taxes, depreciation and amortisation (EBITDA) increase from £1.67m to £2.5m
The group concentrates on seven specialist sectors; office and professional, warehouse and manufacturing, driving, construction, catering, technical and rail.
It has more than trebled its turnover in the last decade and its 4,000 temporary staff work close to 100,000 hours each week.
The company said the seven per cent increase in turnover is due in part to a strategy of concentrating on core areas and customer service. Acquisitions from previous years have also performed impressively it said.
The business is backed by Tony Berry, former chairman of Blue Arrow and Manpower, and Ian Langley, chairman of infrastructure specialist Airswift Holdings.
Berry, chairman of BRG which was founded in 2009, said: “What is impressive is that the growth has all been organic.
“Emphasis on recruiting first rate consultants and investing in their training has helped deliver these results.
“We plan significant growth in 2020 by more organic growth but also by targeted acquisitions.
“We will continue to invest in staff and technology, concentrate on specialist sectors and control operating costs.
“Candidate shortages remain an issue and we have worked heavily to encourage our EU workers to sign up to the settlement scheme.
“There remains economic uncertainty surrounding the UK’s relationship with the EU and the COVID-19 virus, but we are bullish about the future.
“With innovations, quality staff and a talented board making the correct strategic decisions we anticipate further strong growth through 2020 and beyond.”
