Specialist staffing agency C&P Recruitment is forecasting a 50 per cent rise in profits and a 36 per cent rise in turnover in the financial year to June.
The Edinburgh-based property and construction recruitment agency said that record turnover over the last seven months made it confident that profits would increase from £200,000 in the 2014/15 financial year to £300,000 this year. Turnover, meanwhile, is expected to rise from £5.5 last year million to £7.5m.
The agency opened a new office in Newcastle upon Tyne in the summer employing three members of staff. This is in addition to the company’s Inverness offices, where five people are employed, and nine employees in Edinburgh.
Managing director Mike Wynn told The Herald that the company would open a new office in Glasgow within the next five months. The company mothballed a previous Glasgow office at the height of the recession, but Mr Wynn said that steady growth in work on the west coast of Scotland justified a return to Glasgow.
“The UK construction and property sector has encountered a sharp upturn giving the recruitment sector the most dramatic upturn for over six years,” he said. “The public sector has taken up a lot of slack recently, with lots of spending from local authorities and big civil engineering projects around the country.”
“We traded successfully through one of the worst recession periods in the industry between 2008 and 2015. It was a very challenging environment, however we are delighted that C&P Recruitment has performed exceptionally well this year.”
High-profile projects that C&P has provided staff for recently include the replacement Forth Road Bridge, the Aberdeen by-pass, motorway improvements to the M74, the Airdrie-Bathgate rail link, the new Borders railway and the Fochabers by-pass between Elgin and Aberdeen as well as flood defence works in the north of Scotland.
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