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How Gattaca creates value
We exist to connect people and create valuable opportunities between them.
By providing recruitment solutions and support to clients in our chosen markets and to candidates with engineering and technology skills, we help to unleash potential in people, projects and companies.
It’s our specialist recruitment brands and supply chain that sets us apart from the rest and by focusing on outsourced staffing solutions and recruitment services within engineering and technology, we have a deep knowledge of the markets we service and have built strong relationships with both candidates and employers in these technical fields.
As the one of the UK’s leading engineering recruitment specialists, Matchtech’s market share is estimated at around 5% something we are looking to replicate internationally, across all the sectors we currently operate in.
Skilled people are critical in delivering business growth to our clients, and with our expertise and market-knowledge, we ensure we find people in an efficient and cost-effective manner, saving time and money for our clients. In turn, this provides candidates with a trusted and knowledgeable source of specialist opportunities.
We see a relationship as something that transcends a single job placement. Long-term success follows a virtuous circle – we place candidates, who become clients, who seek great candidates.
Strong business model
The international footprint of our business provides additional balance and resilience to the group’s business model. It delivers a ready-made platform for the group to grow NFI faster overseas, a platform which already represents 30% of the group.
On a continuing basis, revenue of £538.7m (2019 restated: £634.3m) generated NFI of £54.3m (2019 restated: £69.1m). We achieved contract NFI of £39.5m (2019 restated: £49.1m) at a margin of 7.6% (2019 restated: 8.2%), and permanent recruitment fees of £14.5m (2019 restated: £19.7m).
Net cash at 31 July 2020 was £19.6m (2019: net debt £(24.8)m). Adjusted net cash (net cash excluding IFRS 16 lease liabilities) was £27.3m (2019: net debt £(24.8)m). Reducing our financial leverage has been a key objective for the last three years and we are pleased with this progress, having had net debt of £(40.3)m
at 31 July 2017. DSO (days sales outstanding, based on a three month average and including sales taxes) of 41 (2019: 45) representing a further four day advancement on the substantial improvement achieved last year.
We aim to develop a strong sense of family and belonging wherever we operate in the world. Gattaca expresses the idea of a group of individuals who are part of a bigger entity, who have shared DNA and a common purpose, and who each have their own specialisms.
We are agile and always focussed on progression. Our recent acquisitions, new offices and recruitment of great staff are good examples.
Other times, progress comes through the important steps we take every day. That might be deepening our understanding of our markets, enhancing our solutions offering or playing an active part in the community.
Visit our news pages for the latest updates.
Our leadership team is fundamental to good governance and setting the strategic direction of the Group. We ensure that the Board has a diverse balance of skills, experience and knowledge.
Gattaca is made up of unique individuals who each bring with them distinctive skillsets and experience. And it is the knowledge and expertise of our people that makes each of our brands so specialist.
Supporting all of our brands is our parent company Gattaca which provides the vision, financial stability and international reach that empower our individual companies to achieve their ambitions.