PracticePeople In PracticeBoom in accountancy jobs boosts Michael Page

Boom in accountancy jobs boosts Michael Page

Need for accountants in mid-sized companies helps Michael Page deliver 'outstanding' interim results

Profits at recruitment specialists Michael Page have surged as a result of
the increased burden of compliance, particularly IFRS, in medium-sized
companies.

The strong growth in accountancy jobs helped the company’s interim results
show gross profits up 27.6% to £128.2m and operating profits up by 78.8% to
£30.6m.

Turnover rose by 22.4% to £250.4m, with profits from permanent job placements
increasing by nearly a third.

Chief executive Terry Benson told The Times: ‘This is an outstanding
set of results, with substantial rises in gross profit, operating profit and
dividends, as well as strong generation of cash. We have seen excellent growth
across all regions of our business.’

With the need for accountancts still high, analysts predict Michael Page is
set to deliver profits for the full year in excess of £62m.

Related Articles

Moore Stephens appoints three new partners

People In Practice Moore Stephens appoints three new partners

2d Emma Smith, Managing Editor
Mental Health Awareness Week: How organisations can help ensure good employee wellbeing

People In Practice Mental Health Awareness Week: How organisations can help ensure good employee wellbeing

1w Reafad Rahman
Mental Health Awareness Week 2018

People In Business Mental Health Awareness Week 2018

1w Accountancy Age, Reporters
Accountancy Age 35 under 35 2018 – last chance to enter!

People In Business Accountancy Age 35 under 35 2018 – last chance to enter!

2w Emma Smith, Managing Editor
Women in Finance: is the future of finance female?

People In Business Women in Finance: is the future of finance female?

2w Emma Smith, Managing Editor
Mazars announces two partner appointments, increased fee income growth

People In Practice Mazars announces two partner appointments, increased fee income growth

1m Emma Smith, Managing Editor
British Accountancy Awards 2018 – entries open!

Accounting Firms British Accountancy Awards 2018 – entries open!

1m Emma Smith, Managing Editor
RSM appoints two new regional managing partners

People In Practice RSM appoints two new regional managing partners

1m Alia Shoaib, Reporter