Petroplan, the global oil, gas and energy recruitment specialist, has published its annual financial report for 2013. The results reveal another successful year at Petroplan, with Profit before Tax increasing to £5.1 million, up from £2.9 million in 2012.
Continued growth at Petroplan has opened up new opportunities and driven investment in staff and global infrastructure, including new offices in Cape Town, South Africa, and London and Glasgow, UK. During 2013 Petroplan commenced significant enhancements to its IT platforms, applications and processes globally, which will benefit clients, candidates and contractors from late 2014.
Jess Coles, Finance Director at Petroplan, comments: “2013 has been one of Petroplan’s strongest years to date, with marked improvement in operational practices leading to improved financial performance. There has been a very strong focus on working capital management, driving a significant increase in cash. This cash has then been reinvested back into the business (recruiting staff, new offices and IT), which will continue to drive further improvements in our client, candidate and contractor experiences and operational performance.”
The company anticipates an exciting year ahead as it continues to thrive in its core markets. Building on the success of its new locations, Petroplan is now looking to pursue further growth opportunities across Europe, the Middle East and North Africa, with a focus on developing its specialist recruitment disciplines, permanent recruitment offering and existing customer relationship management.
