Eden Scott revenues top £13 million ahead of 20th anniversary
Eden Scott has revealed it is on course to increase turnover to more than £13 million for the first time this year ahead of the business’ 20th anniversary.
The Edinburgh-based recruitment firm, which was founded in 2003 by founding directors Michelle Lownie, Guy Martin, and Chris Logue, said pre-tax profits are on track to reach £1m — a 10% year-on-year increase.
Turnover is set to rise from £10.3m to £13.4m this financial year — an increase of more than 30%
Speaking as Eden Scott prepares to mark its 20th anniversary in May this year, CEO Michelle Lownie said overcoming difficult periods such as the Covid-19 pandemic and the 2008 economic crash has helped the firm navigate recent global challenges, leaving the company ideally positioned for further growth.
She said: “The pandemic accelerated the evolution of the company. It taught us that volume is not always the key to success, and we are more focused and determined, and keep a sharp eye on day-to-day operations with eyes on the future.
“For example, in 2008 our biggest sector was construction, which virtually died overnight, and we had to adapt. Whilst it ultimately led to the birth of our renewables and energy division — now one of our most successful — I believe we were too slow to react.
“This time we have been far more agile, proactive, and forward thinking and identified sectors and industries likely to thrive and invested resources there. We are well aligned with industries that have to grow, for example through government-mandated sustainability targets.
“Spotting which industries are likely to be affected by an economic downturn early and making contact with consultants to cement those relationships has also been important to prevent competitors from moving in and putting us in a far better position to expand further.”