Strong financial performance spells another year of growth for top Midlands Recruitment firm SF
The Midlands’ leading specialist recruiter SF Recruitment has posted a sixth consecutive year of growth. SF Recruitment, which has offices in Birmingham, Nottingham and Leicester, said the success was down to a focus on specialisation and being ‘deep experts’ in their chosen fields.
In 2018, the business grew its net fee income to more than £9,000,000, representing its sixth year of consecutive growth in fee income.
SF Recruitment’s Saira Demmer said the success was down to being deep experts in their chosen fields
The company, which has been running for over 20 years and has 120 employees across the three sites, has also successfully grown in its profit performance since 2013 and delivered an average 39% growth rate in EBITDA in this period.
CEO Saira Demmer, said:
“Our consultants are matched to their markets based on where their own individual passions lie, and this specialisation helps us to add value to our clients and candidates more quickly than if we were to generalise.”
This focus on niche expertise has not only improved individual consultant performance, but has allowed SF to increase its consultants’ average earnings by 19% versus the previous year. This contrasts with the 3.6% UK-wide growth reported by the Office of National Statistics earlier this week, putting SF Recruitment well ahead of the national average.
This is the company’s second consecutive year of earnings growth, giving a total increase in earnings of 47% over the two years from 2016 to 2018, and is a key metric monitored by the Senior Management Team as an indicator of the success of its learning and development programme.
Ms Demmer added:
“We’ve taken a results first approach to growth, recognising that if we put our focus into getting the best outcomes for our clients and candidates, our consultants will be successful and as a consequence our business will continue to grow.”
SF Recruitment places candidates in permanent, temporary and interim contract roles across the entire professional services landscape, including Finance and Accountancy, Human Resources, Sales and Marketing, Office Support, Procurement and Supply Chain, Engineering, Executive Appointments and Technology.
There have been big changes for the firm, which has Dragons Den James Caan as an investor. Last autumn it celebrated reaching 20 years and placing 40,000 professionals throughout the region. It has also expanded at an impressive rate, recruiting for new sectors in IT and Procurement and building on its established success in the Midlands area.
Ms Demmer said:
“We have incredibly talented people, with more than 30% having more than five years’ experience in their markets. I want to say thank you to each and every one of them, and to our exceptional management team who continue to put their hard work, dedication and focus into supporting all of our people to be at their best.”