Morson Group has recorded a record year with turnover reaching £867million and the group is now on track for further growth during its 50th year in business.
Group revenues increased by 6.5 per cent to the end of December 2018 thanks primarily to continued organic growth in core sectors and subsidiary companies, whilst infilling and expanding into complementary and additional marketplaces where Morson can add value through its specialist talent-based service capabilities.
Growth was spearheaded by three strategic acquisitions made during 2018, which saw the Morson Group acquire Canadian and USA-based recruiter, Strategic Infusion Inc. and UK-based companies, Anderselite Holdings Ltd and Waldeck Holdings Ltd.
Strategic Infusion Inc. continued the Morson Group’s North American expansion into mature markets in power, nuclear, telecommunication and aerospace. With a focus closer to home, specialist recruiter, Anderselite Holdings, strengthened the Group’s presence and offer in construction, civil engineering, facilities management and rail, whilst Waldeck established a complementary offer alongside Morson Projects, boosting its design capabilities in rail, civil structural engineering and architecture, whilst adding significant Building Information Modelling (BIM) expertise.
Morson Group CEO, Ged Mason, explains:
“2018 was a landmark year for the Morson Group as we cemented our position as market leaders of talent and go-to strategic partners across a number of technical sectors.
“An intensifying competition for talent also means that more organisations are examining their end-to-end recruitment processes and outsourcing these functions to specialists like ourselves to source the candidates they need, whilst delivering efficiencies and cost savings throughout the recruitment lifecycle.”
The Morson Group family comprises a number of complementary award-winning and talent-driven businesses that specialise in recruitment and outsourced solutions, including Morson International, Morson Projects, Vital Human Resources, The Bridge and Morson Training.
Founded in 1969, the Morson Group remains the UK’s largest independently-owned recruitment company and collectively employs more than 1,100 people.
“Growing a successful business is about people and our staff really are the backbone of the group. Having a team that’s committed to delivering great service day in, day out, is a major part of our company culture and I’m proud of every member of the Morson family for committing their time and support, and making our group of businesses exceptional places to work.
“Looking back at where Morson came from, it’s incredible to think that my father set up the business 50 years ago from under the staircase in our family home. What’s even more inspiring is that we have the potential to take the Morson Group to new heights and as an entrepreneurial business rooted in family values, we’re focused in delivering excellence to our clients and candidates, whilst maintaining working environments that attract and retain great people who thrive.
“Our continued focus on high quality staffing solutions as well as successful sector diversification, both in terms of our geographical footprint and products offered, will take us towards our goal of reaching a £1billion group turnover.”