Specialist People Services (SPS) has hit a £150m turnover for the first time, driven by an increased demand for temporary labour in logistics and rail.
The Bradford-based company recorded revenues of £150m for the financial year ending March 2018, a 10 per cent increase year-on-year (2017: £134m)
The group achieved growth across all of its business units. This included a strong performance from Driver Hire Nationwide, the UK’s leading supplier of drivers and logistics staff, which saw an eight per cent increase from 2016/17, bolstered by increased demand for temporary drivers and new contract wins with national, blue chip clients. Its international arm, Driver Hire Australia, has also continued to go from strength-to-strength, reporting record sales of £12m, up £5m from last year.
SPS has also continued to benefit from the integration of rail services business ISS Labour, which posted a turnover of £28m – a 20 per cent increase year-on-year. This has been driven by continued investment in rail infrastructure across the country as part of Network Rail’s £38bn upgrade plan.
Chris Chidley, chief executive of SPS, said: “This is the first time the group has passed the £150m mark and it represents a real show of strength from our teams. In times of uncertainty, it’s encouraging to see that businesses are still prepared to invest in high-quality recruitment services that allow them to retain a flexible workforce.
“Temporary labour will always be of value and this growth proves the importance of our role and our people to the heart of the UK economy. During such political and economic uncertainty, we’re capitalising on a flight-to-quality to ensure we provide our clients, who often work in niche, regulated sectors, with a reliable supply of specialist support to maximise their workforce.
“Looking ahead, we are confident that this growth will continue. Our business is well-positioned with a strong client base who trust us to deliver, a talented management team, supportive shareholders and highly-skilled, motivated employees. With these foundations in place, we have all we need to continue this upward trajectory.”
SPS comprises Driver Hire Nationwide, the leading UK specialist transport and logistics recruiter; rail support services supplier ISS Labour; Driver CPC training provider Driver Hire Training; its eServices division, which offers online people management services such as dh Licence Check; and international arm Driver Hire Australia.