We operate in a climate of high demand for quality individuals. There are significant opportunities for growth both within the UK and further afield. As such, the Executive Board has a number of clear strategic objectives:
- Continue the provision of key personnel to the UK Education Sector through subject specialism and regional diversification
- Build on the existing platform by both growing current channels and opening new ones, thus maximising the people, potential and opportunity within SmithCorp
- Continue our commitment to organic growth
- Further strengthen employee, client and candidate engagement
- Extend exclusivity agreements
- Develop the company’s online and social media presence; and
- Continue to build on the successful entry into the Primary Education sector
Operating an agile business model there are significant opportunities to grow, including:
- Expansion of the London office
- Extend our regional coverage within the Secondary and Primary provision
- Supply of facilities management and specialist support staff to the Education sector
- Domestic opportunities in the independent school, nursery, Higher Education sectors
- International opportunities in Australasia, the Middle East and Asia
In July 2016 – SmithCorp announced its financial results for FY2015 and its 3 Year Management Plan.
In FY2015 – The recruitment businesses posted a combined net profit before tax of £4.1m, a 22% increase year on year, and a turnover of £27.9m.
In 2016 – We are making strong progress in relation to our initial forecast by further reinforcing the earnings base in the non Further Education sector and steadily implementing such measures as strengthening our financial position and building a solid earnings base in order to maintain net profit growth of over 20% year on year.
At the end of the first half, the business is well on track with net profit up 24% on 2015, and staffing levels up by 26%.
For FY2017 – We have set ambitious goals based on assumptions about staffing and margin levels and are planning yet another record year. Turnover, net profit and staff numbers are planned to continue growing by more than 20% year on year. The Executive Board is aiming to leave the SME ranks to become a large sized business with 250+ staff and turnover of £50m+ by the end of 2019.