Heavy investment fails to dim Encore profits
Encore Personnel, the Leicester-based recruitment firm, has seen profits fall after a year of heavy investment that has seen the firm expand rapidly.
Whilst revenues were up 9% to £58.4m for the year ending, operating profits were "subdued", falling from £1.7m to £800,000.
The firm spent heavily last year to set up a subsidiary business, The Training Procurement Company, to provide a service to employers to access public funding for recruitment.
Encore also opened an office in Derby and set up an aviation division.
A st... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
