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.


More on this topic

Record year for Dublin's office market in 2018

From his living room to the boardroom: UCC student persuades top CEOs to attend leadership summit

Providence sizing up west coast drilling campaigns

IHF Cork sees risk of too many hotel rooms

More in this Section

Huawei founder says US ‘cannot crush’ Chinese tech giant

Dublin gets lion's share as employment numbers rise to record 2.28m

Kerry Group warns of 'extreme' impact from no-deal Brexit

Germany and France push to create European industrial policy


Lifestyle

Living with arthritis? 7 tips for managing morning stiffness

Seven myths and truths about healthy skin

Meet the women on a mission to stop you fearing carbs, dairy and sugar

Speaking up for new ways to learn the Irish language

More From The Irish Examiner