RECRUITMENT firm Core-Asset Consulting has achieved a record profit helped by strong growth in revenues.
The Edinburgh-based firm made more than £500,000 after tax in the year to June 30. It lost £89,000 in the preceding period. Revenues rose 45 per cent in the latest year to around £14.5m, from £9.98m last time.
Founder Betsy Williamson said the firm had been rewarded for focusing on its core specialisms in the financial and professional services markets.
Pensions giant underlines commitment to Scotland amid upheaval in sector
“We’re at a pivotal point in time in Scotland as many of our traditional home-grown firms and brands are disappearing,” observed Ms Williamson. She added: “It is the multinational “supertankers” at one end and the boutique independents at the other extreme that are flourishing.”
In the 2017-18 accounts filed for Core-Asset Consulting in March, Ms Williamson said that cost-cutting rather than Brexit would continue to be the dominant theme affecting Scotland’s financial and professional services sectors.
Glasgow recruitment technology pioneer wins backing from big guns
She suggested Brexit could result in a spike in hiring as a result of transformations that clients might need to undergo.
The loss Core-Asset Consulting sustained in the 2017-18 financial year is the only one it has recorded. The company cut costs and achieved efficiencies after recruitment activity fell in the first half of that year. The market picked up in the second half of the year.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here