London-based energy and infrastructure recruitment specialists Spencer Ogden, yesterday reported turnover of £108 million for the full year 2018, up from £102.7 million in 2017.

The group also reported £31.6 million in net fee income, led by a strong position in Renewables which globally grew by over 25% in the year. Operating Profit was up by 200% in 2018.

This year, Spencer Ogden launched a new Hong Kong office and established a presence in Melbourne, Australia. The group also plans to launch a new 60-person office in New York in April and has refitted its Denver office to enable more headcount growth.

Spencer Ogden’s Chief Executive Officer, Bradley Lewington, commented, “It is great to see that our focus on the right energy and infrastructure markets is helping us build a reputation for excellence with clients and candidates alike. Being recognised as true experts in our field, able to navigate compliance complexities and proactively find niche candidates sets us apart from our competition. 2019 has already seen year-on-year growth of 15% and an increase in sales headcount by 20%.”

“Spencer Ogden believes there are significant opportunities in all of its markets, with continued investment in people to achieve more consistent and balanced growth,” Lewington said.

“2019 and beyond represents Spencer Ogden’s biggest opportunity since inception. We now have a scalable platform for consistent growth with superior infrastructure to support that growth. We plan to grow to 500+ heads in the next two years mostly through organic growth and our award-winning learning and development offering,” Lewington said.