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Twelve recruitment firms have secured a place on the latest Sunday Times Grant Thornton Top Track 250 ranking. The league table ranks Britain’s leading mid-market private companies based on financial performance.
Track 250 is compiled by Fast Track which has created a network of the UK’s top-performing private companies and entrepreneurs.
The highest ranked staffing firm was Fircroft which provides technical staff to the oil & gas, nuclear power and automotive industries. With annual sales of £562.0 million the company came 10th in the Sunday Times list. In June, investment firm, Equistone, backed a £140 million buyout for a 37% stake in the company.
Alexander Mann Solutions was the next leading recruiter in the ranking, coming in 18th place with year-end sales of £517.7 million. Engineering specialist, Morson, came 23rd with annual sales of 507.9 million while Cordant Group was ranked 30th, down from 27th place last year with sales of £475.0 million.
Other recruiters in the prestigious ranking include engineering specialist NES Holdings in 64th place with annual sales of £380.2 million and de Poel, in 65th which recorded sales of £377.5 million in December 2011. The Sunday Times list also revealed annual operating profit and, on this basis, NES is the most profitable staffing firm featured with an annual operating profit of £16.3 million. Two thirds of the company’s business comes from overseas operations and new offices have recently been opened in South Korea, Russia and the Netherlands.
Swift Worldwide Res, a staffing provider specialising in oil & gas jobs, also made it into the ranking although they slipped from 44th place last year to 83rd in 2012 with sales of £342.5 million.
The engineering staffing provider Orion Group was ranked 100th in the ranking with sales of £317.0 million. Chairman of Orion Group, Alan Savage said “it is an honour to be recognised amongst the top companies in the UK in the Top Track 250. 2012 was a highly successful year for Orion Group and we strive to further this success in the coming year.”
The recruitment agency Pertemps followed closely at 103rd place, last year boasting sales of £309.7 million. Lower down the ranks in 142nd place was Cheshire-based Rullion Group with sales of £262.1 million.
A4E which came under intense media scrutiny this year came 164th with annual sales of £234.3 million. The company assists the unemployed find work and, following a series of allegations, a Department for Work & Pensions audit has subsequently cleared the company of fraud allegations. A4E is the second most profitable staffing company on the list with annual operating profit of £15.9 million.
The final staffing firm in the list is The Best Connection in 248th place and annual sales of £169.3 million.