Recruitment firm back in profit, but jobs lost

Frank Recruitment Group has returned to profit

- GRAEME WHITFIELD

NORTH East-based global recruitment firm has returned to profit despite a second year of falling revenues.

Frank Recruitment, which has its headquarters in Newcastle city centre, has released accounts for the year ending November 2024 in which its revenues fell from $524.6m (£388.4m) to $419.2m (£310.3m).

Over the same period, the firm posted a $10.1m (£7.5m) operating profit, having reported a loss of $2.4m (£1.8m) 12 months earlier.