Passionate About People Exceed £100m Milestone

Passionate About People has achieved year on year growth of 23%, and an overall 250%+ growth over the last four financial years.

The industry-beating performance is being announced following the issuing of the Group’s financial statements for the 12 months up to June 2017 by Group Finance Director, Paul Day.

  • Revenue: full year revenue in 2017 of £103m, up from £84m in 2016
  • EBITDA: 28% growth year on year to £2.3m
  • Efficiency: GP to EBITDA conversion year on year increase from 23% to 24%
  • Staff: 17% increase year on year
  • Investment: In excess of £650,000 capex investment across the Group principally in new & improved facilities, and IT infrastructure

 

 

 

 

 

 

 

 

 

 

 

 

 

Paul Day explains:

the Board are delighted to be reporting such a strong and exciting performance on all fronts. We continue to take considerable pride in the year on year improvement in profitability, cash generation, GP/EBITDA conversion (to 24%), and the contract vs perm gross profit ratio of 84/16 (%). The whole company has worked tirelessly and cohesively to secure the necessary new business and long term contract renewals that are prerequisites of such dynamic, yet sustained growth. We have a very clear growth agenda, and I’m delighted to say we’re executing it, and have been doing so for some time now.”

Paul continues:

“Financial Year 2018, which closes in June 2018 is on track to meet all board expectations, the result being another year of high growth for the Group.”

Co-founder and Group Director, Raymond Pugh states:

“We are so thrilled for the whole Group, and all of our employees; all three businesses within the Group are performing extremely well, and are genuinely enhancing their market leading position.  With the dynamism of our management board, 2017 has been another award-winning year, and we continue to forecast further growth, well beyond industry norms.”

 

About Passionate About People Group

  • Our combined knowledge enables us to offer a range of services, including contingent recruitment solutions (contract, permanent and rented executive search), on-site volume managed service contracts and recruitment process outsourcing.
  • Established in 1998, the group is headquartered in Bonds Mill, Stonehouse, Gloucestershire, with multiple offices and on-site locations across the UK.
  • Throughout 2018, to celebrate our 20th Year Anniversary, we are supporting 20 charities, with a year-long campaign of fundraising activities, events and celebrations.