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Passionate About People group breaks through £100 million milestone

PUBLISHED: 16:14 01 December 2017

(L-R): Raymond Pugh (Co-Founder & Group Director), Alan Beresford (Co-Founder & CEO), James Strickland (Co-Founder & Group Director), Paul Day (Group Finance Director)

(L-R): Raymond Pugh (Co-Founder & Group Director), Alan Beresford (Co-Founder & CEO), James Strickland (Co-Founder & Group Director), Paul Day (Group Finance Director)

Archant

The global resource solutions specialist increases revenue from £39m in 2014 through £63m in 2015 to £84m in 2016, and to £103m in 2017

Passionate About People Ltd, the global resource solutions specialist, has achieved year on year growth of 23%, and an overall 250%+ growth over the last four financial years. Incorporating Omega Resource Group, Datum RPO and Omega Engineering Services, the industry beating performance is being announced following the issuing of the Group’s financial statements for the 12 months up to June 2017 by Group Finance Director Paul Day.

2017 financial and business highlights include:

Revenue: full year revenue in 2017 of £103m, up from £84m in 2016

EBITDA: 28% growth year on year to £2.3m

Efficiency: GP to EBITDA conversion year on year increase from 23% to 24%

Staff: 17% increase year on year

Investment: In excess of £650k capex investment across the Group principally in new & improved facilities, and IT infrastructure

Paul Day explains: ‘The Board are delighted to be reporting such a strong and exciting performance on all fronts. We continue to take considerable pride in the year on year improvement in profitability, cash generation, GP/EBITDA conversion (to 24%), and the contract vs perm gross profit ratio of 84/16 (%). The whole company has worked tirelessly and cohesively to secure the necessary new business and long term contract renewals that are prerequisites of such dynamic, yet sustained growth. We have a very clear growth agenda, and I’m delighted to say we’re executing it, and have been doing so for some time now.’

Paul continues: ‘Financial year 2018, which closes in June 2018 is on track to meet all board expectations, the result being another year of high growth for the Group.’

Co-founder and Group Director Raymond Pugh: ‘We are so thrilled for the whole Group, and all of our employees; all three businesses within the Group are performing extremely well, and are genuinely enhancing their market leading position. With the dynamism of our management board, 2017 has been another award-winning year, and we continue to forecast further growth, well beyond industry norms.’

Visit the Passionate About People Ltd website here.

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