Recruiter Matchtech has defied the economic gloom by reporting a 14 per cent rise in net fee income (NFI) during the year, to £29.8m. Strong demand for engineers, for such projects as the new Queen Elizabeth Class aircraft carriers, helped drive the improvement. But investment in the sales force, and margin pressure at the contract business - contract margins fell over a percentage point to 6.3 per cent - helped profits to fall overall.
By John Ficenec,
07 October 2011