Recruitment firm plans expansion following 13 per cent turnover growth

A London recruitment firm is planning expansion following a 13 per cent growth in turnover.

Sellick Partnership announced its turnover had grown to nearly £53.5m, along with profit before tax nearly doubling to £2.3m.

The business, which specialises in professional services recruitment, is now actively looking to acquire a company.

Mike Hoyle, finance director for the partnership, said that the success “was a result of the continued hard work and perseverance of recruitment teams across the business.”

He commented: “We have ambitious plans for growth over the coming years, and our financial results from 2019 are a great first step to achieving these.

“Over the course of 2020 we hope to grow organically on a similar trajectory while also adding a new acquisition to our current offering.”

The news comes a year after Samsic, a business service provider, took a majority stake in the business.

Jo Sellick, founder and managing director at Sellick Partnership, said: “We are currently working with our new friends at Samsic to find a business that aligns with our values and is open to investment.

“We are very open at this point, but we hope to invest in a business with 2-4 offices, 25-50 employees with a turnover of approximately £10-£20m.

“We are in an excellent position in that the funding is in place and we are ready to go. We are actively looking but urge any interested parties to get in touch with me directly for a chat.”