Staffline revenues boosted by acquisitions
Staffline, the Nottingham-based recruitment agency, has reported a 45 per cent rise in turnover to £120m for the six months to 30 June.
The company revealed this morning that pre-tax profit also increased 38 per cent to £2.9m.
In a statement to the stock exchange, Staffline said it was on course to meet full year market expectations, and put the success of the first half of the year down to the expansion of its Onsite platform, as well as the acquisition of the former Fourstar business (now rebranded EOS).
Staffline said the purchase of EOS would help to expand into the welfare to work sector.
Andy Hogarth, chief executive of Staffline, said: "The group continues to trade well, broadly driven by a combination of bolt-on acquisitions and our OnSite model generating strong organic revenue opportunities.
"The integration of the newly acquired EOS business continues as planned and we remain excited about the long-term prospects of this business as the Welfare to Work arena continues to be at the heart of government policy."
