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23 June, 2006 - 09:47 By Staff Reporter

Jark Recruitment has another record year

Jark Recruitment and associated recruitment companies has finished the 2005/2006 financial year with a record group turnover of £32.36 million – a 25 per cent increase from last year.

Jark Recruitment and associated recruitment companies has finished the 2005/2006 financial year with a record group turnover of £32.36 million – a 25 per cent increase from last year.

In a market which has had an overall decline of 4.2 per cent and a decline of 11.2 per cent in the temporary recruitment sector, which is Jark Recruitment’s main marketplace, this is a successful conclusion to a busy year for the company, recently ranked as the 93rd largest company in the UK by the Employment Agencies Industry.

John Buckman, chairman of Jark Recruitment and associated companies, said: “We have expanded our client base by 22 per cent throughout the year as well as maintaining high client retention levels.

“All divisions of the company contributed to our success – construction, industrial, driving, healthcare and commercial all increased sales and gross profit.

“In a market that has experienced an overall decline, this is an impressive achievement. The UK market is fragmented and, with the increase in legislation and competition, it is likely that the industry will go through a period of consolidation.

“In the more mature recruitment markets in the world, such as America and Holland, over 60 per cent of the market are controlled by the top ten national agencies. In the UK, the top 10 agencies control less than 25 per cent of the market, which means the market here is wide open for a few quality agencies to be aggressive and invest in taking market share. ”

Buckman said Jark had set itself the target of increasing sales by 30 per cent and gross profit by 32 per cent in the year ahead to boost group turnover to £42.10m.

Jark Recruitment plans further branch openings to complement the four new offices, which opened across the UK last year, as well as overseas expansion based on the success of the Poland branch opening, and investment in infrastructure, to further strengthen its position.

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