The CEO of Derby-based recruitment business RTC Group has hailed 2024 as “an extremely satisfying year for the Group” with a “strong set of results.”
According to audited results for the year ended 31 December 2024, profit before tax grew to £2.54m, up from £2.53m in 2023.
Meanwhile, group revenue from continuing operations stood at £96.8m, down from £98.8m in 2023.
Andy Pendlebury, Chairman and Chief Executive, said: “2024 was an extremely satisfying year for the Group.
“Another strong set of results, another constructive year of value enhancement for our shareholders, while continuing to invest in the future, and a business with an outstanding balance sheet, and long-term revenue visibility through its strong order book with blue chip clients. A Group with strong independent yet interlinked subsidiary businesses with proven track records in both UK and International markets.
“I am confident that our strategy of building a diverse group of subsidiaries partnering with companies heavily invested in long-term capital-intensive infrastructure sectors will continue to provide us with a layer of protection from the peaks and troughs of the traditional recruitment cycle.
“Our solid order book across rail maintenance and renewals, and smart meter roll out and upgrades alongside other key infrastructure programmes, provides some clear visibility of revenue in 2025 and I remain cautiously confident in our short, medium and long-term prospects.
“Once again, our excellent performance is as a direct result of the exceptional people that we employ across the Group. The accumulation of both industry and company knowledge, experience and operational capability, coupled with the continual and unbridled enthusiasm and energy of everybody combines to create the unique and distinctive culture which permeates every corner of the Group and differentiates us as a company.
“A big thank you to everybody for all your hard work.“
