The Future's Bright, the Future's Purple for Scots Recruitment Company
Recruitment firm Bright Purple Resourcing has laid out plans to treble turnover to £100 million over the next three years as the Edinburgh-based company prepares to open its first overseas office. Bright Purple yesterday unveiled a pre-tax profit of £1.4m in the year to 31 March, up from £429,000 in the preceding 12 months. Turnover nearly doubled from £18.6m to £37m.
Managing director Nick Price,told The Scotsman that the growth was down to increased activity in the financial services and technology sectors, in which the firm specialises. "It's been broad-based growth," he said. "Clients like Tesco Bank have been expanding but so have companies like Standard Life and Lloyds Banking Group.
"You hear a lot of headlines about Royal Bank of Scotland losing jobs but the bank is also still recruiting in other areas because it's reshaping itself." In the technology sector, Price said that smaller companies such as flight comparison website Skyscanner and Vebnet, Standard Life's employee benefits unit, were also experiencing strong growth, creating more business for companies like BPR. Price added: "Our increase in profits was extremely pleasing because we have continued to invest in hiring new people, moving our London office to Tower 42, the NatWest Tower, and pumping money into new technology too."
Bright Purple has 39 staff at its head office in Edinburgh and a further six in London. The company yesterday signed the lease on its new office in Singapore, which is due to open in five weeks. Price
has recruited Iain Geddes, a former director of Glasgow-based
recruitment giant Search Consultancy, to run the Far East operation.
Opening BPR's first office overseas is the next step in Price's strategy to grow annual turnover to £100m by 2014. "So we've looked at other areas where we can grow and Singapore was an
obvious choice. It has historic links with Scotland but it's also at the
centre of the fastest-growing markets in the world - you have China and
India on your doorstep."
Price said the firm had been carrying out work in New York and so was considering opening an office in the United States, as well as running the rule over opportunities in Lithuania, the largest of the Baltic states and a key access point for Russia.
Read the full story at : The Scotsman