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UK-based natural resources and engineering recruitment firm Fircroft reported revenue of £898 million for 2013, a year-on-year increase of +24%. The company achieved a gross profit of £59.6 million, equating to a year-on-year rise of +22% from £49 million in 2012.
Fircroft attributes its growth to the company continuing to deliver innovative global HR solutions to clients in the Oil & Gas, Power & Energy, Automotive, Mining & Minerals, and Engineering sectors.
Headquartered in Warrington, England, Fircroft operates in 60 countries, employs over 600 people, and supports more than 8,000 contract workers worldwide. In June 2012, pan-European private equity firm Equistone Partners Europe purchased a significant undisclosed stake in Fircroft for £140 million.
Johnathan Johnson, CEO of Fircroft, commented: “We delivered significant growth in 2013 as our turnover reached £898m, enabling us to increase our market share and closing in on £1 billion turnover. We plan to continue the upward momentum by investing in and further expanding our global operations in the Middle East and Asia Pacific, which are key priority locations for us in 2014.”
In February 2014, the company established its Asia-Pacific headquarters in Singapore in order to support the expansion of its operations in Australia, Indonesia, Malaysia, Singapore, South Korea, Thailand and Vietnam. Revenue from Asia-Pacific accounts for over one third of total turnover and the company believes it will exceed 40% in the near future. In 2013, Fircroft was ranked 30th in the Staffing Industry Analysts survey of the largest global staffing firms but would likely move up the rankings based on this latest performance.