Lord Sugar's business partner becomes first winner of The Apprentice to reach £1m profit
- Former winner of The Apprentice and CEO of Hyper Recruitment Solutions (HRS) Ricky Martin leads company to a pre-tax profit of over £1m
- HRS set to turn over £10m in the 2018 calendar year
- Projected turnover for the next HRS financial year (July 2018 - June 2019) is £14m
Crowned winner of The Apprentice in 2012, and following the investment from Lord Sugar, Hyper Recruitment Solutions (HRS) was founded focusing on mid-level and senior recruitment in STEM industries globally; and today announces huge success, reaching the £1m profit mark.
HRS turned over a staggering £8m in the 12 months up to June 2018, achieving a 106% growth on profit and a 90% growth on turnover. Following on from the previous year’s 34% growth on profit and 59% on turnover. In the past 12 months alone, HRS has broken all company records on both sales and profit whilst managing to restructure and expand.
With two new locations in Manchester and Edinburgh alongside the founding company site based in Essex, the successful business now boasts 50 employees across the business. The company’s rapid expansion has resulted in a newly formed internal training academy together with focus on recruitment development, showcasing employee retention and return on investment in the first 12 months, snowballing from 30% to 80%. The expansion of staff by 50% has proved to be HRS’s most expensive, yet most successful year to date.
With continued success in mind, HRS have big plans for the next two years, looking to continue growth as the leading recruitment partner for science industries across the UK as well as a plan to focus on developing the businesses presence and offering across Europe.
Ricky Martin, CEO of Hyper Recruitment Solutions, says: “I couldn’t be prouder of the whole team at HRS who have got us to where we are today. To have grown from a company of just one back in 2012 to a business with 50 staff across 3 major UK cities, that makes a difference to so many people, is remarkable.”
Lord Sugar commented: “Investing in Ricky was a no-brainer, his understanding of the recruitment industry combined with his passion for business has resulted in the success Hyper Recruitment Solutions sees today. Being the first Apprentice winner to hit the £1m pre-tax profit mark is just the start, I know the future is bright for HRS going forward.”
HRS further plan to reinvest the business profit into talent at the business, growing their specialist workforce and continuing to provide the training and development needed to maintain their standards of employing the most professional and ethical recruiters in the industry.
Mr Martin added: “Money has always been secondary to changing lives in my eyes, however to do so and become the first winner of The Apprentice to break the £1m profit milestone in a single company year, is a huge success and I couldn’t be more thrilled!”
Making strides in the recruitment world, HRS ensures they give back to communities proving they’re not solely in it for profit. The business currently partners with charities Jeans for Genes, Alzheimer’s Society and Apps 4 Good which all make a difference to the sectors they recruit for, namely science, technology and engineering.
Mr Martin continued: “The reason Lord Sugar invested in to my business idea is because I was not just a recruiter. I was somebody who wanted to support talent in a specialist sector, which makes a real difference. It’s this passion for doing the right thing that has seen HRS go from strength to strength; and is why our financials have followed suit!”
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