Staffing and workforce solutions provider Impellam Group plc reported revenue rose 20.4% in full-year 2016. UK-based Impellam reported the acquisitions ofa US-based MSP and staffing provider Bartech Group (December 2015) and Global Medics (July 2015) boosted the company’s transition from a European staffing business to a global workforce solutions provider.

Revenue by segment for United Kingdom and North America

“Managed services - North America” revenue rose 64.5% on a constant currency basis, and “specialist staffing - North America” revenue rose 78.6% in constant currency.

Impellam’s global managed services brands include Bartech, Comensura, Guidant Group and others. The company's specialist staffing divisions include Blue Arrow, Coresaff Services, Bartech, SRG, Tate and others.

Quote

“In the coming year, a number of ‘known unknowns’ will heighten the need for trust, and this will play to our strengths,” wrote CEO Julia Robertson. “The Brexit negotiations will likely be long-running and complex. Brexit itself does not have any particular implications for how we operate. If, for example, the free movement of EU labor were to come under threat, this would have no material effect on the vast majority of our employees and candidates. But in the wider context of customer sentiment, Brexit, and possibly the agenda of the new US administration, may continue to slow down decision-making for certain types of customer.”

Robertson also wrote the human cloud represents new opportunities, and that it will help clients embrace and prosper from the UK’s new Apprenticeship Levy coming into effect this year. The levy requires firms with more than £3 million in payroll to invest 0.5% of their total salary bill into internships.

Share price and market cap

Impellam shares closed up 0.13% at £763.50, and the company had a market cap of £384.87 million, according to Google.