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UK – Millbank full year revenue up 5.1% (Insider Media)

29 April 2019

UK-based Millbank Holdings reported revenue of £65.4 million for the full year ended 30 September 2018, up by 5.1% compared to £62.2 million, reports Insider Media. Founded in 1985, Millbank Holdings, provides specialist recruitment solutions across several industries including technical, scientific and commercial. Gross profits were up from £3.44 million to £3.47 million while pre-tax profits took a hit, falling from £1.8 million to £585,485. The rise in revenue was broadly due to success with clients in the automotive, engineering and rail sectors, along with a demand for the portfolio of services the group provides. Meanwhile, the dip in profits as a percentage of turnover was attributed to investments made in the workforce and the renegotiation of contracts with certain major clients.