TTM Healthcare revenues top €50m

Revenues at the Irish-owned international nursing recruitment firm TTM Healthcare topped the €50m mark for the first time last year, despite profits falling by nearly 13%.

Newly-filed accounts for the Ennis-based company show record revenues of €50.7m for the 11 months to the end of last December. However, pre-tax profits fell by 12.8% to €2.33m.

TTM Healthcare is headed by former Irish boxing international and EY Entrepreneur of the Year award finalist Brian Crowley, who established the business in 2008 when he was aged just 25.

Brian Crowley

The company employs 196 people across offices in Ennis, Dublin, London and Preston and places around 3,400 healthcare professionals in temporary roles and more than 1,300 in permanent jobs each year.

In 2016, Irish private equity firm Broadlake took a 30% stake in the firm supporting the TTM group’s strategy to triple revenues and double the workforce over five years.

The accounts show that TTM Healthcare last year paid out €450,000 and this followed €1.4m in dividends to its owners in 2016. The firm recorded post-tax profits of €2m after paying corporation tax of €267,428.

Pay to key management personnel totalled €164,153 last year.

The company said that during 2018, a greater focus has been placed on creating innovative delivery models “and leveraging our experience with a greater utilisation of technology”.

TTM had shareholder funds at the end of last year of €7.6m while the company’s cash pile decreased from €867,107 to €357,470.


Related Articles

The Business Interview: Looking for a fairer deal for carers in teeth of looming staffing crisis

Dublin start up creates app designed to foster love of books among children

Yellow vest protests show neglect is no longer a policy option for Irish Government

Construction sector halts three-month growth slide

More in this Section

Iran gives green light to Opec oil output cut plan

China scrambles to raise millions of fever-free pigs

Tobacco giant buys pot stake

Primark sales dip hits owner’s shares


Lifestyle

Islands of Ireland: The lady of the lake

Beauty and miraculous evolution of avian flight

Celebrate the pine marten

Who are the top dogs among hyenas?

More From The Irish Examiner