Hill McGlynn perform well

Hill McGlynn, the construction recruiter, has announced an increase in profits for 2008. After tax profits reached £10.38million in the 12 months ended 31 December 2008, compared with £7.31million in 2007.

Profits were boosted by the sale of Hill McGlynn Australia, which contributed £2.67 million to the bottom lineas revenue remained static at £135.38million (2007: £135.34million).

In the directors’ report, Hill McGlynn’s managing director, Mark Bull, says: “We continued our strong performance in 2007 into the first half of 2008, although we experienced a rapid slowdown in the second half of the year, particularly in permanent placements.”