Our Financials

Red Snapper continues to trade in a position of financial strength. 

Our early years saw rapid growth in turnover and strong profitability as the business quickly gaining market share and brand value.  In the second phase, accumulated profits were capitalised upon as the business ploughed investment into its people, infrastructure and branding.  This investment funded a wide product offering allowing consultants to offer a truly consultative approach and value for money to clients throughout recessional years.  The result was a very sound return on investment with an increase in turnover and profitability in our core business despite the recessional environment. 

We are a privately held company and our financial probity means we have always maintained a strong cash position allowing us to finance quick marketing and structural responses to changing market conditions. 

FY11 saw the formal organisation of the Red Snapper Group into its constituent members, Red Snapper Media, Red Snapper Training and RSG Interim.  This accounting change was implemented to reflect the distinctiveness of the products and to attract and ring fence investment into particular projects.  We have always operated a strategy of financial openness and are now able to extend this to our group activities.   

RS Media is a key compliment to RS Recruitment as the proprietary job sites underpin our ability to provide a consultative approach.  Our ability to provide recruitment advertising has also enabled us to stay close to clients with squeezed budgets.  RS Media's return of profit in FY11 in an otherwise dire market for advertising sales is testament to the strength of the group brand and quality of the product. RSG is an exciting division currently housing our newest service line of IT and Physical Security. The investment made into this entity shows our aggressive approach to achieving success in this new market.  RSG will break even in FY12 and we are forecasting significant returns in the following years.  RS Training completes the Red Snapper Group of companies and is the perfect fit of complimentary product to our service line.  RS Training will report its first year in the New Year.

Year to 31 May:

Helen Midwinter

Finance Director