Robert Walters celebrates 'record year' as FD prepares to retire
Nash set to retire as accountancy recruiter discloses bumper revenues of £274.5m and a 23% rise in total net fee income to £108.6m
Robert Walters
is toasting a bumper year after announcing global revenues of £274.5m. Its UK
operations generated revenues of £138.4m and net fee income increased by 16% to
£44.1m in the region. The finance and accountancy recruiter also reported £41.2m
of net fee income from its Asia Pacific operations.
The
AIM-quoted business
also announced that a replacement had been found for finance boss Ian Nash who
is stepping down from his role.
Chairman Timothy Barker said: ‘Ian Nash is retiring from the Board and will
be leaving the group at the end of the year. We wish him all the best for the
future. Alan Bannatyne, currently group financial controller, has been appointed
as his successor with effect from 1 March 2007. Alan has worked closely with Ian
over the last four years and we are delighted he has agreed to become group
finance director and company secretary.’
Barker also announced that he would be stepping down as chairman after Robert
Walters forthcoming AGM and will be succeeded by Philip Aiken, currently the
senior independent director.
Discussing the figures, chief exec Robert Walters said: ‘Our performance is
the result of a steady programme of investment in our global network. We have
opened offices in key regions at an early stage of professional recruitment
market development, giving the group today a strong foothold across Continental
Europe and Asia Pacific. This has not only delivered sustained growth in fee
income and earnings, but also provides us with a significant competitive
advantage through our ability to source candidates from across the globe.’
Walters added: ‘Current market conditions remain favourable. We are still at
the early stages of our international development, with huge scope to exploit
opportunities in new regions and disciplines. We therefore remain confident of
further growth.’
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