The calendar year started with an all-time high January and records continued to tumble. Through 2017, Nigel Wright achieved seven months of record gross profit, including November which was the best-ever result in the Group’s 30-year history. This was due to the strong trading across the international consumer sector business and the North East regional business which includes an office in Teesside.
This success follows Nigel Wright Group’s investment and growth strategy during the previous year which included opening three new offices – one regional office in Wynyard and two further offices to expand the European consumer business in Sweden and the Netherlands. Nigel Wright Group now has a network of 13 offices throughout Europe.
Paul Wilson, CEO, commented: “The performance this year reflects the hard work and commitment of the management team and all the employees here at Nigel Wright. We have a strong reputation for delivering the highest levels of service and we will always look to improve customer satisfaction. We continued to gain market share and develop relationships with SMEs, Private Equity backed businesses and multinational corporations, as well as preserving long standing connections with companies in the North East from where our origins began. With strong rates of employment across Europe, companies are finding they need to increasingly turn to high quality recruitment consultancies to help them find and attract the best talent.
“I firmly believe that our unique approach, where we pride ourselves on being truly global and operating as one business without internal barriers, assists these results and reflects the skills, knowledge and expertise we have in our teams across all territories and disciplines. We are well positioned for the future, our brand has an excellent, worldwide reputation and we are determined to build and develop our company and employees for the longer term.”
The latest accounts from Nigel Wright Group for the year ended 30April 2017 show turnover of £16.4m (down from £16.6m in 2016) and a gross profit increase of 2% to £12.3m (up from £12.0m). EBITDA before exceptional administrative expenses for the period was £631k (down from £943k in 2016).
Paul Wilson commented on this, stating: “The 2016/2017 results are somewhat of a bitter-sweet experience. Although it was 18 months ago now, the summer period of 2016 really impacted the 12-month figures to April 2017 which, as a result, were below our expectations. Despite that slow period, we knew it was just a blip and continued to invest in all our markets. Our strong performance and results throughout 2017 are a clear testament to this.”