Thursday, December 7, 2023

CEO “delighted” with Staffline’s 2021 performance

The CEO of Staffline Group, the recruitment and training group, is “delighted” with the company’s performance across 2021, during which a comprehensive restructuring and transformation programme completed.

According to audited results for the year ended 31 December 2021, revenue grew to £942.7m from £927.6m in 2020.

Meanwhile the Nottingham-based business posted an increase in gross profit to £82.8m (2020: £74.6m), underlying operating profit jumped to £10.3m (2020: £4.8m), and profit after tax grew to £1.6m, after a £48.5m loss in 2020.

The news comes as Staffline announces a major contract win with BMW and a contract extension with VINCI.

Albert Ellis, Chief Executive Officer, said: “I am extremely proud of the commitment of the Group’s leadership and workforce who delivered throughout the ongoing COVID-19 restrictions, facing labour shortages and global supply chain issues. I wish to acknowledge their hard work and my confidence in their ability to continue to deliver, including generating new areas of growth in the future.

“I am delighted with Staffline’s performance across 2021, both in the significant operational progress we have delivered across the Group but also in more than doubling our underlying operating profit in the year. I am satisfied that we now have the operating platform, balance sheet strength and governance in place to fully capitalise on our market leading position and drive sustainable growth.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.

Latest news

Related news

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.