PracticePeople In PracticeAccountancy and finance jobs boost Hays’ profits

Accountancy and finance jobs boost Hays' profits

Specialist recruitment company Hays sees record growth, with strong performance in the accountancy and finance sector

Specialist recruitment company Hays has seen record growth in the first half
of this year, with net fees from its accountancy and finance division up 11% on
last year.

Accountancy and finance fees grew to £165.9m from £149.2m in 2004, with both
temporary and permanent recruitment fees increasing. The strongest growth was in
the South East of England, but other regions achieved ‘a robust performance’ a
company statement said.

The company’s new specialist HR, purchasing, and sales and marketing
divisions also performed well and are likely to become businesses in their own
right.

Bob Lawson, chairman of Hays, said: ‘Hays, now focused entirely on specialist
recruitment, generated strong net fee growth, 16% ahead of last year at £470.6m
(2004 – £404.7m), and growth in operating profit before goodwill amortisation
25% ahead of last year at £167.1m (2004 – £133.4m) – both at record levels.

‘Specialist recruitment operating cash flow of £158.0m was also very strong.
Each of the three regions of the United Kingdom & Ireland, continental
Europe and Canada, and Australia and New Zealand grew substantially.’

Related Articles

Deloitte hires ex-HSBC global head of IFRS as partner

Big Four Deloitte hires ex-HSBC global head of IFRS as partner

1d Lucy Skoulding, Reporter
BDO promotes 1,110 people

Accounting Firms BDO promotes 1,110 people

1m Alia Shoaib, Reporter
Deloitte appoints former RBS Group Strategy Director as partner

Big Four Deloitte appoints former RBS Group Strategy Director as partner

1m Alia Shoaib, Reporter
RSM extends private client legal services with new appointment

People In Practice RSM extends private client legal services with new appointment

2m Austin Clark, Reporter
KPMG makes UK head of automotive appointment

Big Four KPMG makes UK head of automotive appointment

2m Emma Smith, Managing Editor
Grant Thornton expands financial services regulatory team

Accounting Firms Grant Thornton expands financial services regulatory team

2m Austin Clark, Reporter
KPMG hires new head of international tax

People In Practice KPMG hires new head of international tax

2m Emma Smith, Managing Editor
Partner promotion announced by MHA MacIntyre Hudson

People In Practice Partner promotion announced by MHA MacIntyre Hudson

2m Austin Clark, Reporter