“Extremely positive year” for Derby recruitment firm as revenue passes £90m

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RTC Group, the Derby recruitment business, has had an “extremely positive year,” according to its audited results for the year ended 31 December 2019.

Group revenue has jumped 8% to £94.9m from £87.8m in 2018, while profit from operations was stable at £2.0m (2018: £2.0m).

The firm also noted that 75% of gross profit was generated by its “more resilient” contract business.

Andy Pendlebury, CEO at RTC, said: “2019 was another extremely positive year for the Group, revenue, gross profit, cash generation and shareholder dividends all increased in line with market expectations.

“I am extremely excited about our prospects as the work we have done to position ourselves as a lead player in the infrastructure, rail, energy and international sectors has yet to be fully exploited by the Group.

“Finally, we are proud that we have consistently delivered on our dividend commitment to our shareholders and our dividend yield is one of the best in the sector.”