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UK – RTC Group reports full-year revenue and profit growth

03 March 2015

Blue and white-collar staffing company RTC Group (RTC: LSE) reported revenue for the year ending 31 December 2014 of £50.9 million, an increase of 4.3% compared with £48.8 million in 2013. 

  FY 2014 FY 2013 Change
Revenue £50.9 million £48.8 million +4.3%
Gross Profit £10.2 million £9.3 million +9.8%
Profit Before Tax £1.0 million £0.7 million +38.3%

Andy Pendlebury, CEO of RTC Group, commented: “2014 began on an optimistic note having delivered a very positive set of results in 2013. Continuing this momentum, the delivery of another significant year of profit growth, was therefore the key strategic imperative for the Group Board. I am delighted to say that our results for this year have exceeded our original expectations at the beginning of the year.”

“All subsidiary businesses were profitable, established strong footholds in their respective markets and collectively delivered, for the third year in a row, increased sales, gross profit, operating profit, and net cash collection,” he added.

RTC has three principle subsidiaries engaged in recruitment and the provision of managed services. ATA Recruitment supplies blue and white-collar engineering and technical staff. ATA Global Staffing Solutions (GSS) is a managed service provider, which provides support to commercial enterprises and organisations; such as NATO and defence agencies. Ganymede Solutions supplies blue and white-collar contingent labour primarily to the rail industry, but also provides and manages contingent labour within the sectors of construction, infrastructure, highways, and general civil engineering.

In addition to recruitment services, RTC also provides hotel and conferencing services via its Derby Conference Centre (DCC). 

  FY 2014 FY 2013 Change
ATA £23.9 million £22.5 million +6.1%
GSS £12.8 million £14.8 million -13.9%
Ganymede Solutions £12.5 million £9.9 million +26.1%
Total Recruitment £49.1 million £47.3 million +3.8%
DCC £1.8 million £1.5 million +14.3%
Total Revenue £50.9 million £48.8 million +4.3%

In December 2014, RTC announced that it had acquired Buckinghamshire based specialist engineering recruitment agency RIG Energy, which focuses on the domestic and commercial gas engineers for a total consideration of £875,000. The business has been integrated into Ganymede Solutions.

In trading today, the company’s share price decreased by 2.8% to £0.70, an increase of 193.6% from a year ago. Based on its current share price, the company has a market value of £9.7 million.