Abacus Employment Services Limited

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Abacus Employment Services Limited - overview

Established

1991

Location

Basingstoke, -, UK

Primary Industry

Outsourcing

About

Abacus Employment Services Limited is a recruitment agency that connects employers with potential employees, specializing in tailored solutions for various sectors including healthcare, technology, and manufacturing. Founded in 1991, Abacus Employment Services Limited focuses on providing comprehensive recruitment solutions. The company has remained committed to enhancing the hiring process by utilizing effective candidate sourcing, screening, and placement methods. Abacus is headquartered in the UK and has expanded its operations to various locations across Europe.


The founder has a history of involvement in recruitment and employment services, contributing to the company's sustained growth since its inception. Abacus Employment specializes in robust recruitment solutions aimed at both employers and job seekers. Their core offerings encompass recruitment services that facilitate the connection between companies seeking talent and candidates looking for employment opportunities. The company addresses the challenges of hiring and talent acquisition by leveraging a systematic approach that includes candidate sourcing, screening, and placement.


Abacus Employment primarily serves businesses across various sectors, including healthcare, technology, and manufacturing, ensuring they meet the specific needs of their clients. Their products are actively marketed in the UK and European markets, where they have established a diverse client base that includes both small and large enterprises, thereby enhancing their position in the recruitment industry. Abacus Employment generates revenue through structured recruitment services that typically involve B2B transactions with employers. The revenue model includes fees for successful placements, charged to hiring companies upon the hiring of candidates, along with subscription agreements for ongoing recruitment support, allowing clients to access a continuous pipeline of talent.


The pricing structure for these services is designed to align with the specific needs of clients, with various packages catering to different recruitment demands, fostering long-term relationships with clients. Abacus Employment is actively exploring opportunities to develop new recruitment products that are designed to enhance their service offerings, with planned launches in the upcoming fiscal year. The company aims to expand its reach into additional European markets, targeting Germany and France by the end of 2024. Recent funding will be utilized to support these expansion initiatives, focusing on enhancing marketing strategies and developing advanced recruitment technologies to better serve their clients.


Primary Industry

Outsourcing

Sub Industries

Recruitment/Executive Search, Outsourcing

Website

www.abacus-employment.com

Total Amount Raised

Subscriber access only

Abacus Employment Services Limited - financials

Fiscal Year EndedSep 30, 2018Sep 30, 2019Sep 30, 2020Sep 30, 2021Sep 30, 2022Sep 30, 2023
Revenue (USD)16,766,25617,061,72613,274,344---
% Revenue Growth (YoY)-1.8%(22.2%)---
EBITDA (USD)181,003600,334136,297---
Operating Income (USD)154,194572,516111,947---
Operating Margin0.9%3.4%0.8%---
% EBITDA Margin1.1%3.5%1.0%---
NET Income (USD)62,618364,06623,011---
% Net Margin0.4%2.1%0.2%---

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