Croydon, United Kingdom (PressExposure) February 16, 2009 -- Net-Consulting international has just posted a 98% increase in net profits, for year ending 03/08. M.D Peter Trant is delighted with the results considering the market conditions. We saw this coming quite a while ago, the economy has its trends and we were due a downturn. We looked at our strategy constantly and shaped it to suit the market conditions, We were very careful to work with quality clients, in fact all of our clients are billion pound turnover companies, in the 85 countries we work in.
In the year to 31/03/08 Net Consulting achieved a high level of turnover but doubled net Profit percentage compared to the previous year, this is due to The company reducing its administrative overheads and excluding the movement on the foreign currency transactions, Net Consulting has been more profitable in the year to 31/03/08.
The company's M.D Peter Trant has also curtailed his dividend drawdown despite the continued profitability of Net Consulting , thereby increasing the level of retained profit in the business. This is because I am looking at acquisitions. I have been looking at some companies but its a matter of choosing the right one. There are a large number of acquisitions that simply do not work out, after all you are trying to merge to separate companies with often different ethics, standards, objectives and outlook and bring them together under one roof. However I am confident that I will find one that fits into our companies principals, inspiration, aspiration, energy, attitude and enjoyment.
Net Consulting's liquidity is much stronger in the year to 31/03/08 with Net Current Assets rising by 98%
We are well placed now to look at acquisitions, I know there will be a lot of companies entering administration this year and those are the kind of companies that may be interesting to us. We have state of the art systems in place to maximise profit and reduce costs, we are confident that we can increase our market share organically however, a well placed acquisition is also on the cards.
We pride ourselves of our quality of work, we work with quality clients and because of our service delivery and service excellence we go from strength to strength. We are more successful than some of our bigger competitors in some of the countries we work. Its not all about how many recruiters a company has, its how productive those consultants are and the quality of their work they provide our clients.
We have some of the best ratios in recruitment, profit per square meter, profit per employee, and this is because of our company structure and keen eye for maximising every opportunity that comes our way. Whilst most companies in the UK will be reducing headcount, we are the opposite, we have recently taken on another recruiter in the UK and five more in our offices in Asia - which is soon to go 24 hour.