A Teesside-based recruitment consultant working in the science and industry sector, has reported an increase in profitability in its latest annual results.
Techconsult UK, based at the Wilton Centre near Redcar, which specialises in finding candidates for highly specialised roles in the process and petrochemical, oil and gas, renewable and subsea sectors, has seen an upturn in profits as a result of an increase in clients investing in permanent staff.
In the 12 months to December 2015, Techconsult grew profits by over 40% due to increases in resourcing within the permanent market compared with the same period in 2014.
It marked the highest permanent placement figures that Techconsult UK has ever recorded since its incorporation in 2006.
During the same period turnover dropped slightly due to a slowdown in the contractor market.
Techconsult’s strong financial performance was attributed to an increase in its clients, particularly those operating in the Science and Biotechnology sectors, taking on permanent staff in senior level roles.
Among the clients who Techconsult sourced talent for in 2015 are the Materials Processing Institute (MPI), px Group, Able UK and CPI.
Managing director Steve Guest said: “Last year was the best in our ten year history for permanent recruitment.
“There was an increased desire for clients to take on permanent, senior level staff as confidence grow in a number of sectors such as the biotechnology and speciality chemicals markets and the impact of this upturn is evident in our latest results.”
Techconsult UK, part of the Norwegian-owned Techconsult Group, operates within the oil and gas, process, petrochemical, offshore, renewable and subsea sectors, and has a large number of candidates on its database, including engineers, technicians, project managers, technicians and technical administration personnel.
The company, which has ambitions to capitalise on growth opportunities in technology hubs across the UK, celebrates its tenth anniversary this year.