UK-based Micro-specialist staffing group Phaidon International reported financial results for the year ended 31 October 2015 yesterday, with Net Fee Income increasing to £25.7 million, 18% up compared to the same period last year.

Average headcount also increased from 211 in 2014 to 263 in 2015, a 25% growth.

“In a year which saw heavy investment in our expanding US operation and headcount globally it is pleasing to see the group’s improved year on year performance. I look forward to Phaidon accelerating this growth further over the coming years following our institutional backing,” Phaidon International’s founder, Adam Buck, said.

“The team have created a tremendous platform for future value creation,” Stuart Batchelor, Phaidon International’s recently appointed Chief Strategy Officer, said. “Our strategic imperative going forward is to accelerate our expansion in those markets that offer us sustainable growth opportunity and high quality returns.”