A growing recruitment firm has given a one-off payment of £500 to its employees to help with the cost-of-living crisis, after reporting strong full-year results.
Newcastle-based Central Employment provides recruitment services for some of the North East’s largest businesses and brands from its offices in St Mary’s Place, supplying more than 1,000 employees to the temporary employment sector. The company, which has 40 permanent staff, has posted results for the year ending September 30, 2021, with turnover rising to £25.6m, up from £20.1m, alongside an increase in gross profit of 32% to £3.7m and a 27% jump in net profit to £1.4m.
Predominantly supplying workers to the manufacturing, industrial and pharmaceutical sectors, the business has also seen a rise in demand for permanent recruitment services. Following the strong results, bosses said they made the one-off payment to all full and part-time employees to help with rising costs.
