Recruiter Sellick Partnership eyes new offices after profits soar by 81%
Professional services recruiter Sellick Partnership is set to expand its offering after profits rose by 81% in the financial year ending February 2019.
The business – which also recently sold a majority stake to French giant Samsic – enjoyed a healthy turnover of £48.6 million, up 16% from the previous year with an EBITDA figure of £2 million, an increase of 70% from 2017/18.
This success has been achieved by a growth in both temporary and permanent placements despite the uncertainty and challenges Brexit is putting on the UK recruitment sector.
Both permanent and temporary revenue streams increased considerably, with permanent placements rising by 15% to 418 and contractor numbers also up by 16% with 822 temporary placements out at the close of the financial year.
Jo Sellick, Managing Director at Sellick Partnership comments: “Sellick Partnership has had another fantastic year, which is testament to the truly amazing team we have working across the UK. The recruitment market can be volatile at times of change and uncertainty, but our growth and our placement numbers are an indication of confidence returning to the UK jobs market.
“Our continued financial success and investment from Samsic is giving us a great opportunity to look further afield, and expand our current offering into new areas of the UK. The locations of these offices are still under discussion, but it is likely we will open multiple offices in the South East and South West of England in the coming 18 months.”
The news of their expansion comes just four months after Sellick Partnership announced that Samsic, one of Europe’s largest soft service providers, has taken a majority stake in the company.
Currently employing over 100 members of staff, the planned growth will see Sellick Partnership recruit a significant number of experienced and trainee recruitment professionals over the next 12-18 months.