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Phaidon International goes from strength to strength

Date: 13 May 2016
  • +20% increase in underlying profits and headcount for the year ended 31 October 2015;
  • Expanded US HQ with new 16,000sq ft New York Office;
  • Two new office openingsin San Francisco and Boston;
  • In H1 2016, Phaidon is experiencing an improved year on year growth rate over H1 2015.
  • Secured institutional investment from Muzinich & Co alongside HSBC plc

Phaidon International, the global micro-specialist recruitment group has posted strong financial results for the year ended 31 October 2015, showing Net fee income (gross profit) of £26m. The group has also posted an underlying EBITDA of £4.4m.

  2014 2015  Change
NFI ( gross profit) £21.7m £25.7m +18%
Reported Operating profit £3.4m £3.9m +15%
Underlying EBITDA £3.6m £4.4m +22%
Average headcount 211 263 +25%

Source: Audited Accounts

Phaidon International’s founder, Adam Buck commented on the results.

“In a year which saw heavy investment in our expanding US operation and headcount globally it is pleasing to see the group’s improved year on year performance. I look forward to Phaidon accelerating this growth further over the coming years following our institutional backing.” 

Stuart Batchelor, Phaidon International’s recently appointed Chief Strategy Officer, commented, “The team have created a tremendous platform for future value creation. Our strategic imperative going forward is to accelerate our expansion in those markets that offer us sustainable growth opportunity and high quality returns.”

The Board would like to thank all the staff across the Group for their outstanding work over the last year and look forward to another successful year in 2016.

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