Professional services recruitment specialist Sellick Partnership has enjoyed record profits and revenue for the year ended February 2018, despite fears that Brexit will impact the UK jobs market. Audited accounts show that turnover grew by 8.2 percent to almost £42 million, with both temporary and permanent recruitment exceeding expectations. These figures are reflected in the EBITDA which rose 15 percent to almost £1.2 million, up from £1 million for the year ending February 2017.
The national firm has reported a substantial rise in both temporary and permanent placements – 8 percent and 29 percent respectively. The company said that while temporary job placements account for the majority of their revenue, permanent hiring significantly supported the profit increase.
Jo Sellick, Managing Director commented,
“2017/18 was a pretty impressive year for us and I am delighted that we can report a record year despite the challenges that businesses continue to face. This is positive for us as a business, and for the recruitment market in general as I believe it is a true reflection that confidence is returning to the UK jobs market. “I am also delighted to announce that our half year results for this year are looking just as strong. We are currently sitting more than £200k ahead of budgeted gross profit which is £600K better than the same point last year. We have made 229 permanent placements in the first six months of the year alone and currently have 798 contractors out, putting us on track for another record breaking year. I am confident that this success will continue, and our ambitious plans for organic growth will come to fruition.
“In addition to our exciting financial results, we have also achieved Investors in People Gold and were recognised as one of the Best Workplaces™ in the UK by Great Place to Work® for the third time, coming in 13th place in the medium category. These awards, and our continued success are a testament to the truly amazing team we have at Sellick Partnership of which I am incredibly proud, and I am excited to see what we can achieve next.”
With another record breaking year in sight, Sellick Partnership has some ambitious growth plans over the next six months. Currently employing 97employees, the recruitment specialist expects headcount to grow to 102 in order to meet increased demand for professionals in the private, public and not-for-profit sectors.