Positive growth for Morson Group with adjusted pre-tax profits up by 22% in 2014

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Morson Group (Morson) has announced positive growth, including adjusted pre-tax profits of £16.3 million – a 22% rise on its 2013 figures – in its annual financial report.

The Manchester-based recruitment and engineering company included in its 2014 business achievements the integration of Vital Human Resources, following acquisition of this business in November 2013. Morson International was also named both the UK’s No.1 Technical and Rail Recruiter* in 2014, and saw its contractor numbers rise to 13,500.

Financial highlights for the Group are as follows:

  •  Group revenues up by 8% to £706.1 million (2013: £653.5 million)
  •  Group net fee income (gross profit) up 21.6% to £60.0 million (2013: £49.3 million)
  •  EBITDA & exceptionals up 22.1% to £18.1m (2013: £14.8m)**
  •  Adjusted profit before tax up 22% to £16.3 million (2013: £13.4 million)***
  •  Profit before tax up 25.9% to £16.6 million (2013: £13.2 million)

Morson Group CEO, Ged Mason, stated: “Our businesses have performed well. We have supported and invested in the service delivery over recent years and the resilience and ability to gain from market improvement this offers us is significant.”

Morson Group Non-Executive Chairman, Kevin Philbin, commented: “I am pleased to report that 2014 was a good year for Morson Group; 2015 presents challenges, however we expect engineering talent to be in demand and that our core markets will attract major investments in infrastructure over the coming years, generating significant opportunities.”

 

*As recognised by Recruitment International’s Top 250 Report 2014

**Being operating profit before amortisation of £730,000 (2013: £573,000), exceptional income £341,000 (2013: exceptional costs £212,000), and depreciation of £416,000 (2013: £274,000)

***Before amortisation of £730,000 (2013: £573,000), exceptional income £341,000 (2013: exceptional costs £212,000), fair value loss regarding the derivative financial instruments £18,000 (2013: fair value gain £155,000) and research and development expenditure credit £737,000 (2013: £480,000)

 


Cx Jobs

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Morson Talent are currently recruiting for a Maintenance Engineer on an initial 12 months FTC basis (Likely to be perm for the right candidate) in the Manchester area. Location Manchester Salary £37,000 + 20% uplift for occasional shift work Hours Days based - Occasional cover shift work (6-2 / 2-10) The Person: * NVQ 3 or above in Engineering ESSENTIAL * Multiskilled - Mechanically / Electrically biased * Various backgrounds considered: Manufacturing, Automotive, Food, Distribution Centres, Automated Warehouse, Recycling, Biomass, Packaging or Printing, Chemical Plant, Brewery, Paper, Manufacturing Plant, Electromechanical / Automated Plant. * Health and safety focused, good awareness and a can do attitude. Desirable: * Bottling, material handling, AGV's, stackers, palletisers * Pneumatics, hydraulics The Job: * Assist with breakdowns maintenance and reliability of electromechanical machinery, equipment, and plant. * Maintenance of various sections of the plant - PPM and fault finding * Monitor production process & machinery performance. * Assist with PPM & breakdown. * Continuous improvement If you are interested in a new opportunity and would like to discuss further, please do not hesitate to contact me directly on 07739311930 or reply with an updated CV.

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A Systems Engineer contractor is sought for a contract in Stevenage, Hertfordshire for a SATELLITE DIGITAL PROCESSOR SYSTEM ENGINEER position.Our client seek an expert in digital signal processor design and validation to join the design team responsible for the secure telecommand and telemetry system for a military communication satellite.The role requires an all-round grasp of the digital system, which includes both cryptographic and modem equipment, and its hardware implementation in order to support both system analyses and commissioning of prototype hardware. KEY SKILLS / PROVEN ABILITYProven Ability in any or all of the following topics will be valuable -Failure mode and related system analyses: FMEA / FMECA, single event effects and security analysis;Cryptographic processing and associated security functions;Modem functions (modulation and coding);Implementation of reliable digital signal processing hardware;FPGA-based prototyping and debugging;End-to-end RF communication systems testingSector knowledge: Space / Aerospace / Defence / Communications ADDITIONALTravel - Occasional travel to other UK sitesBase of Work - Following a familiarisation period on site this role will be working from home then working on site once COVID restrictions are lifted by the client - candidates must be able to work on site full time when required

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Morson are currently looking for experienced composite technicians for our client for roles based in Stevenage.Job Profile Assembly and final assembly of sandwich aluminium composite panel production. Inclusive of: - Potting of inserts Bonding of various brackets and equipment Film adhesives Panel completion General hot and cold bonding processes Drilling, reaming etc. High tolerance requirements (typically better than 0.05mm in various areas). Experience Essential:- Ability to work from detailed drawings and electronic work instructions - within specific procedures Experience working to procedures with checkpoints/quality gates Previous experience such as mechanical fitter, close tolerance sheet metal worker, time served mechanical technician Experience in industries such as Space/Aerospace/Automotive/Motorsport etc. Ability to work in confined spaces above floor level Desirable:- Knowledge of satellite structure assemblies or similar Modern apprenticeship Clean room experience Shifts Weekly rotating double day shifts - 06:00hrs to 14:00 hrs 14:00 hrs to 22:00 hrs Some weekend working Saturday or Sunday may be required at peak times. Other There will be a skills test at interview The successful candidate will be required to pass BPSS security clearance before confirmation of contract offer. Free parking is provided for this role in a municipal car park located approximately fifteen minutes' walk from site.

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