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UK – Sellick Partnership turnover and profits surge

04 October 2018

Manchester-based professional services recruitment specialist Sellick Partnership reported turnover for the year ended February 2018 of £41.9 million, an increase of 8.2% compared to £38.7 million the previous year.

Gross profit was up to £6.5 million from £5.7 million the year before. EBITDA increased 15%, up from £1 million for the year ending February 2017.

The group said both temporary and permanent recruitment exceeded expectations during the period.

Temporary and permanent placements were up 8% and 29%, respectively. The company added that while temporary job placements account for the majority of their revenue, permanent hiring significantly supported the profit increase.

Jo Sellick, Managing Director commented, “2017/18 was a pretty impressive year for us and I am delighted that we can report a record year despite the challenges that businesses continue to face. This is positive for us as a business, and for the recruitment market in general as I believe it is a true reflection that confidence is returning to the UK jobs market.”

Looking ahead to its half-year results, Sellick commented, “I am also delighted to announce that our half year results for this year are looking just as strong,” Sellick said. “We are currently sitting more than £200k ahead of budgeted gross profit which is £600K better than the same point last year. We have made 229 permanent placements in the first six months of the year alone and currently have 798 contractors out, putting us on track for another record-breaking year. I am confident that this success will continue, and our ambitious plans for organic growth will come to fruition.”

Sellick Partnership was founded in 2002. The group provides recruitment solutions within the private, public and not-for-profit sectors across a range of disciplines including: Finance & Accountancy, Legal, HR, Actuarial, Procurement, Change & Transformation and Housing & Property Services.