Counting on growth
Article Abstract:
Abacus Recruitment has been subject of bid speculation, but idf no buyer emerges for Abacus, there are opportunities for growth by carrying out acquisitions, since the sector is fragmented in the United Kingdom. Abacus has already successfully integrated acquisitions. The company's growth rate is forecast at between 15% and 20% in the three years from 1998, and Abacus should be able to move to more profitable sectors if a recession occurs, affecting recruitment in some sectors.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Abacus counts on demand for IT staff
Article Abstract:
Abacus Recruitment has benefited from an increase in demand for information technology staff due to concern about the Year 2000 computer transition problem. There is a shortage of IT staff in the UK, and this has led demand for Abacus' services which has contributed to its rapid growth. The company was first set up to recruit accounting staff and has since successfully diversified to cover areas such as hotel management and banking. The company offers good value to investors.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Keeping up the head count
Article Abstract:
Abacus Recruitment is a recruitment agency based in London, England. The company saw a rise in turnover of 38% to 2.9 million pounds sterling for the half year to Dec 1995. Abacus is a specialist and accountancy and banking recruitment are the company's key areas. The group is also involved in promotions recruitment. Abacus is expanding into training. The company's pre-tax profit is forecast at 225,000 pounds sterling for 1995 to 1996.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Performance under scrutiny. In on the buyout bonanza. Attitudes of local authorities change: a survey of local authorities has revealed that attitudes towards buy-outs are changing - a majority now say they are willing to consider such transactions
- Abstracts: Comment on Milbourn, Boot, and Thakor. Risk-based capital requirements and bank portfolio risk
- Abstracts: Putting the squeeze on Sid. Fight for your rights. SIB to spread safety net
- Abstracts: Going out with a continental bang. Foreign parts in the portfolio
- Abstracts: Still fighting over fund charges. Let closed-end funds take the strain. Fighting for new funds