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7 June 2006
Preliminary Results for the 15 months ended 31 March 2006
2005 was a year of transformation for Prime People ("Prime" or "the Group") as the Board delivered on its stated strategy, announced in May 2005, to develop and broaden the activities of the business.
This objective was achieved in January 2006, with the £10.52m acquisition of Macdonald & Company Group Limited (“Macdonald”), the UK’s leading independent professional recruitment consultancy focused on the commercial property sector.
As a consequence of this transaction and a change of year-end, the statutory results for Prime People are for the fifteen months ended 31 March 2006 and only includes three months trading for Macdonald.