Recruitment group Nigel Wright hails ‘record year’ but swings to loss

Recruitment group Nigel Wright hails ‘record year’ but swings to loss

Recruitment group Nigel Wright has hailed a “record year” despite falling to an operating loss and breaching debt covenants.

The Newcastle firm saw turnover rise to £18.5m in the 12 months to April 30, 2019, up from £17.3m a year earlier.

But an operating profit of £89,000 a year earlier was turned into an £81,000 operating loss and the company also reported that it had breached covenants on…

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