Penta Consulting, the global telecommunications recruitment specialist, is celebrating record breaking results for the year ended 31 March 2012.
Profit before taxation was £3.3m, which is the best figure ever achieved during the company’s 14 years of operation.
Commenting, Paul Clark, Chief Executive Officer said: “Over the past year Penta’s international business has grown by 37%. With operations in over 85 countries, global business now accounts for 69% of our turnover and 73% of profits. Net fee income improved by 31% from £8.4m to £11m - 30% of our net fee income converted into profit before tax due to strong efficiencies and good cost control. We are a leading supplier to the mobile and connectivity markets working with the majority of the world’s telecom sector and that’s a market with great potential for us.
I am extremely pleased with this year’s results which can be attributed to the hard work of all the staff and our continued focus on high value business. All in all we have had an outstanding year on all fronts but what is even better is that our very positive performance has continued throughout this year and I look forward to releasing our interim figures in the New Year.”
Another component of Penta’s 2012 success has been the high level of recognition the company has received through its many business and recruitment award wins including Best International Recruitment Company and Best Company to Work for in the Recruitment International Awards, Best UK Overseas Operation in the Global Recruiter Awards, along with three regional business awards. Earlier this year Penta was ranked as an ‘outstanding’ place to work and achieved 13th position in the Sunday Times Best Companies to Work For listing, a report considered by many as the definitive guide to workplace excellence.
John Foley, Non Executive Chairman commented: “Our clear strategy and continued investment in the management team and structure has contributed to the very strong performance last year and is continuing into this year.”
