Next Ventures' First Half FY2015 Financial Results Press Release Thursday 13 August 2015 PDF Print ***FOR IMMEDIATE RELEASE*** 13th of August 2015 NEXT VENTURES RELEASES FIRST HALF FINANCIAL RESULTS ANNOUNCING GROUP GROSS PROFIT UP BY 7.2% AND OVERALL UP-SURGE IN NEW BUSINESS DEALS. Multi-award winning niche ‘Large Enterprise Technology’ focused recruitment business Next Ventures is today announcing its trading results for the half-year ended 30th of June 2015. A summary of the Group’s 2015 half-year financial highlights include: • Overall company Gross Profit (GP) up 7.2% • Contract business GP up 11% against same period last year • A record Q1, with a 14% up-lift of deals on the previous record Quarter in 2014 and a 33% increase of deals written against Q1 of last year • Period end Group head-count up 12% The first-half of 2015 has seen Next Ventures’ overall new business sales increase by 12% over the same period last year where it also produced a record Q1 in deals written across the Group, exceeding its previous record Quarter in 2014 by 14%. The Group continues to yield strong, consistent performance internationally, with 65% of total business generated overseas in the first-half whilst in the same period the Swiss, German and Brazilian operations performed ahead of projections. Richard Lacey, co-founder of Next Ventures, explains “In our first-half, we made decided investments to support the continuation of our consistent year-on-year growth. Investment in recruitment has allowed us to rapidly establish specialist teams focusing on emerging, fast-growing niche technologies in specialisms including Digital and Embedded Software. Investment in learning and development has gained us the dedicated resource, skills and ongoing budget per capita to ensure optimum competencies are advanced throughout the Group.” Lacey continues “Alongside investing into our people and skills, we have maintained our above industry average margins, increased our levels of new business sales against target and maintained our exceptionally high levels of client retention. For the remainder of the year, we are confident we will continue to increase our overall Gross Profit across the group, maintain our strong margin base and continue to increase new client wins whilst delivering a first-class service to our world-wide client base.” About Next Ventures Next Ventures is a multi-award winning niche Large Enterprise Technology focused recruitment business Headquartered in London, with international subsidiaries in Germany, Switzerland and Brazil. Established in 2001, our initial focus was the delivery of recruitment services for Large Enterprise Technology companies throughout the world. Our success in this area led to our diversification into fulfilling niche Large Enterprise Technology staffing requirements for some of the largest corporate organisations world-wide. 14 years later, we continue from strength to strength as a pure-play IT focused recruitment business - the delivery of niche Large Enterprise Technology staffing services around the world still very much at the core of our business. Our business continues to experience significant year on year growth; turnover is currently EUR28million and set to grow significantly over the forthcoming years as a direct result of our continued re-investment into our people and services. Our continued success has supported the need for international expansion to aid our global reach with offices now in Germany, Switzerland and Brazil. Each subsidiary office is supported by our team of multi-lingual recruitment consultants who are all specialists in their own niche technology domain combined with invaluable knowledge of local culture. Recognition in our industry has included consecutive year-on-year awards from The Sunday Times Fast Track 100, and in 2014 we were honoured with 2nd place overall in The Sunday Times ‘Best Small Companies to Work for’ awards which saw us positioned as the highest ranked recruitment business in the UK. As we constantly strengthen our world-wide network of 190,000 qualified IT candidates and continue to focus on hiring the very best international IT recruiters, our clients’ future recruitment needs are assured as is our unremitting ability to remain agile and responsive to new technologies and new recruitment challenges. Our dedicated recruitment teams specialise in the following niche technologies: • SAP • Business Analytics • Oracle Technologies • Business Intelligence, Data Warehousing and Big Data • SOA, Middleware, EAI & BPM • Salesforce • Infrastructure and Cloud • eCommerce Technologies, Web and Mobile Development • Software Development & Testing • Embedded Software • Financial Services Application • Senior Appointments, Strategy & Architecture www.next-ventures.com Press Contact Maura May Marketing Manager Email: Maura@next-ventures.com Phone: +44 (0) 203 053 3721 This press release was distributed by ResponseSource Press Release Wire on behalf of Next Ventures in the following categories: Business & Finance, Education & Human Resources, Computing & Telecoms, for more information visit http://pressreleasewire.responsesource.com/about.