Member Article

Altrincham recruitment company sees EBITDA boost thanks to ongoing international expansion

Altrincham headquartered NES Global Talent’s EBITDA has increased in the year ended 31st October 2014 to £41.4 million, up 22% from the previous year.

Turnover has increased by 6% to £676 million, in the same financial period, compared to £636.3 million in 2013.

The recruitment company has continued with its strategic global expansion plan, opening new offices in Shekhou, China; New Plymouth, New Zealand; and Yokohama, Japan; and completing the acquisition of RC Consultants AS in Norway.

This acquisition did not have a significant impact on the results for the year.

Subsequent to year end, the acquisition of Energy People AS was completed, also in Norway.

The group now has 45 offices across 28 different countries and will continue to open new operations in global locations in the forthcoming financial year.

Group CFO at NES Global Talent, Stephen Buckley, said: “To grow our profits by 22% in 2014 is a fantastic achievement in the current market environment, and is testament to our strong business model and financing structure, as well as the outstanding quality of our global staff.

“Although the current climate in our core sector, oil and gas, is difficult, we have started our new financial year well and anticipate continuing our growth both organically by increasing market share and by completing further selective acquisitions.”

CEO of NES Global Talent, Tig Gilliam, said: “The focus on contractor service, continued investment in talent and training throughout our business, as well as ongoing cost optimisation have allowed us to outgrow the market while maintaining strong underlying profitability.”

This was posted in Bdaily's Members' News section by Sophia Taha .