Whitehead Mann in recovery

Analysts expect the company to report revenues just shy of £40m as it begins
to reap the benefits of restructuring and a strong market for finance

Despite the robust financial recruitment market – one of Whitehead Mann’s
strongest areas – the company has endured a difficult 12 months. But analysts
said that the recruitment consultancy has begun to recover.

The company was expected to post a small loss today, but nevertheless show a
return to profitability over the last quarter of the year ended 31 March 2006.
The group has been greatly helped by a boost in financial recruitment activity
flowing from the City.

One year ago, the company reported a loss of £19.6m and was forced to
strengthen its balance sheet with a £13.1m share placing as part of a major

Related reading

PwC office 2