Recruitment figures

Eden Scott returns to profit after year of adjustment

Michelle Lownie

Michelle Lownie: investing in the business

Eden Scott, the executive search and selection business, has returned to profit after taking a hit from a £300,000 ‘dilapidation’ bill in the previous year.

It posted a £450,000 pre-tax profit for the year ending March 2021, compared to a £345,496 loss in 2019/20 related to the move out of the HQ in St Andrew Square.

Turnover dropped in the past year to about £9m from £12m in the previous 12 months as a result of a drop in temporary recruitment.

During 2020/21, despite the pandemic, there were a number of sectors where, after the initial shock of lockdown, it was business as usual.

“We’ve found the main driver for increased profit was our ability to adapt to the virtual world quickly which gave us a leg up on the competition,” said a spokesman.

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“This enabled us to win more business in sectors that hadn’t performed as well in the previous 12 months and helped us kick on with smaller departments.”  

The company said it had a high client win ratio, especially in permanent recruitment in the manufacturing and engineering, tech and digital sectors. This resulted in a “considerable turnaround” in fortunes for both these departments.

The life sciences department increased its financial performance by 100% over the last year.

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