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Next Ventures Releases 2014 Results Announcing Overall Group Gross Profit Up 14.5%.

Published on 26 January in Next Ventures

Multi-award winning niche ‘Large Enterprise Technology’ focused recruitment business Next Ventures, is today announcing its overall Group annual Gross Profit (GP) at year-end up 14.5% on previous year. Summary of additional 2014 financial highlights include:

  • Quarter 4 GP up 31.5% against the same quarter in previous year.
  • Consistent GP growth quarter on quarter with Next Ventures’ December year-end delivering an overall run-rate GP of £8.14 million.
  • Overall new business placements for the year increased by 17.5% against previous year.

“We delivered solid, financial results through strong execution and continued diversification,” said Richard Lacey, co-founder of Next Ventures, “a robust performance not least attributable to our teams’ exceptional commitment to deliver against clients’ specifications, but also through our successful ongoing international expansion. 70% of the Group’s business was generated in overseas markets last year with our international subsidiaries Switzerland, Germany and Brazil, performing consistently against plan.” Lacey continues “we further enhanced the Group’s skills-base through dedicated on-boarding of experienced recruiters that supported the diversification of our niche Large Enterprise Technology recruitment teams into Infrastructure, Digital and Embedded Software. Our ability to evolve continues to deliver differentiated business value to our clients’ recruitment requirements world-wide today.” “Our outlook for 2015 is extremely positive as we continue to hire aggressively to further accelerate our growth this year,” Lacey concludes.

Next Ventures provides its clients with the very best Enterprise Technology resources on a global basis. SAP, Oracle, Microsoft, SAS, Cisco, EMC and IBM.

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