Strong year-end results from Eden Scott despite challenging times in oil and gas

Recruitment specialist delivers £15 million turnover and recruits 20 new staff despite the challenging marketplace

Edinburgh-based recruitment firm Eden Scott, which also has offices in Glasgow, Aberdeen and Belfast, has reported a £15 million turnover in its year-end results for March 2016.
The rapidly-expanding technical and executive specialist, which says fee income has remained virtually unchanged since 2015, despite another challenging year for the North Sea oil and gas sector, has also boosted its team by 20 over the last 12 months.
It says the oil and gas downturn not only affected a broad range of organisations in Aberdeen, but also impacted the central belt – especially in the manufacturing and supply chain.
But Eden Scott says the downturn in that sector was largely offset by rising activity in the tech start-up space, IT services, biotech and finance and investment circles.
According to the recruiter, firms in cloud computing with related business models in, or moving towards, ‘software as a service’ (SaaS), have been particularly active throughout the year in question.
Among Eden Scott’s 20 new recruits include seven new graduate trainees, taking the firm’s workforce up to 70 across its offices in Edinburgh, Glasgow, Aberdeen and Belfast.
The company has also ramped up its in-house digital marketing function and dedicated extra resources to identifying and attracting key talent across a variety of hot market sectors, to meet both customers’ and in-house recruitment consultancy needs.
Profits are not disclosed at this time but Eden Scott says they remain in “highly positive” six-figure territory. It claims the current 2016-2017 FY is already delivering around 7% turnover growth and yielding rising profits on the period in review above.
Founding director Michelle Lownie said: “We are really pleased with these numbers given the market woes around the North Sea and remain absolutely committed to the near and long-term development of our Aberdeen presence. We’ve recently just added two new staff to that business and will continue to quietly ramp up our capability there as we start to see more positive news in the region.
“The rest of our business has been very robust. The entire tech start-up and entrepreneurial space has been both great fun and a superb contributor to fee income across the entire year. We’re very excited about the thriving start-up activity around Biotech, Fintech, Data analytics and Cloud computing. That inspired the team here to launch our TalentSpark online hub to showcase and address the crucial staffing needs of this emerging and very energetic scene.”

F292 FINAL

Sponsored by