Jark Recruitment has another record year

Jark Recruitment and associated recruitment companies has finished the 2005/2006 financial
year with a record group turnover of £32.36 million, which is a 25 per cent increase from last
year.
In a market which has had an overall decline of 4.2 per cent and a decline of 11.2 per cent in
the temporary recruitment sector, which is Jark Recruitment’s main marketplace, this is a
successful conclusion to a busy year for the company, who has recently been ranked as the
93rd largest company in the UK by the Employment Agencies Industry.
John Buckman, Chairman of Jark Recruitment and associated companies, comments: “We
are delighted with our success and attribute this to the high calibre of existing staff and the
quality of consultants* and candidates joining us, both of which are testament to our high
quality standards while keeping the services we offer both cost effective and efficient. As a
result we have expanded our client base by 22 per cent throughout the year as well as
maintaining high client retention levels. All divisions of the company contributed to our
success – construction, industrial, driving, healthcare and commercial all increased sales and
gross profit.”
John continues: “We were especially pleased with our performance as our actual results were
only one per cent out from the targets we set ourselves at the beginning of the year. In a
market, which has experienced an overall decline, this is an impressive achievement. It is my
opinion that the UK market is fragmented and, with the increase in legislation and
competition, it is likely that the industry will go through a period of consolidation.”
“In the more mature recruitment markets in the world, such as America and Holland, over 60
per cent of the market are controlled by the top ten national agencies. In the UK, the top ten
agencies control less than 25 per cent of the market, which means the market here is wide
open for a few quality agencies to be aggressive and invest in taking market share. I believe
Jark Recruitment can be one of those companies, having established a strong financial
foundation, a proven track record for growth and an experienced and good quality
management team with some of the best staff in the recruitment industry.”
“Jark Recruitment is positive about the year ahead, we have set ourselves the target of
increasing sales by 30 per cent and gross profit by 32 per cent to help us achieve a group
turnover of £42.10million.”
Jark Recruitment plans further branch openings to complement the four new offices, which
opened across the UK last year, as well as overseas expansion based on the success of the
Poland branch opening, and investment in infrastructure, to further strengthen their position in
the market throughout 2006-2007.

Friday 21 July 2006

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