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.”