RTC Group adopts acquisition mode after another stellar year

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Derby-headquartered recruitment, training and conferencing company RTC Group is in acquisition mode after reporting a rise in revenue and profits for its latest financial year.

The listed company has posted an increase in revenue to £71.6m for the year to 31 December 2017, up from £67.9m in 2016, while pre-tax profits have grown from £1m to £1.3m.

Chief Executive Andy Pendlebury says “I am delighted to announce that 2017 was a very successful year for RTC.

“I believe our success demonstrates that our business model of building and investing in independent and complementary subsidiary businesses is both robust and capable of delivering long term value to our shareholders.  We enter 2018 with optimism.

“In addition to our incremental organic growth plan the board now believes the time is right for RTC to pursue a transformational acquisition plan.

“During 2018 we will continue the process of identifying complementary organisations that offer a broad range of consolidatory and diversification opportunities for our group to integrate into and alongside our existing subsidiary businesses.

“We believe we have a proven senior executive team to attract both the debt finance and new capital support that our ambition plans will necessitate.

“We see consolidation as a key industry imperative over the next five years and believe it is in the long-term interests of all our stakeholders that we begin to position ourselves to capitalise on the opportunities that the shift in industry dynamics will present.”

Pendlebury adds “Our success is fundamentally based around our people and therefore attracting and retaining the best talent across all our businesses is key to achieving the strategic challenges we set ourselves. We have dedicated employees across all our subsidiary businesses and within our Group headquarters and their collective effort, quality and commitment is the driving force that enables us to grow our businesses ahead of our competition. I would therefore like to extend a huge thank you on behalf of the Board of Directors to everybody in our Group.