Losses Double at Recruitment Giant Despite Sales Passing £2bn

Recruiter losses more than double as revenue passes £2bn

NES Fircroft, which was formed in September 2020 after a merger, said its loss after tax of $83.5m was as a result of non-cash expenses, $163.2m in finance costs, $700,000 in finance income, $12.1m depreciation and $16.6m amortisation charges

Losses double at recruitment giant despite sales passing £2bn

Losses at a UK-headquartered global recruitment giant more doubled despite its revenue passing the $3bn (£2.2bn) mark during its latest financial year. Altrincham-headquartered NES Fircroft has posted a pre-tax loss of $67.7m for the 12 months to 31 October, 2024, according to new accounts filed with Companies House. The loss comes after the business also posted a deficit of £33.4m for the prior 12 months. However, the recruiter also posted a re…