Gattaca PLC
F:MNZ
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Gattaca PLC
F:MNZ
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UK |
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Prosus NV
AEX:PRX
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NL |
Gattaca PLC
Gattaca PLC is a UK-based recruitment business that focuses on engineering, technology, and technical staffing. It helps employers find permanent staff and temporary contractors for jobs in areas like aerospace, defense, energy, infrastructure, and telecoms. Its main customers are companies that need specialist workers and candidates with technical skills who are looking for those roles. The company makes money by placing people into jobs and charging recruitment fees or earning a margin on contractor assignments. In practice, it acts as a middleman between employers and skilled professionals, handling sourcing, screening, and hiring support. That means its income depends on the health of the engineering and technology job market and on how much demand there is for specialist labor. What makes Gattaca different is its focus on hard-to-fill technical roles rather than general office recruitment. It builds deep knowledge of specific industries and job families, which helps it match employers with candidates who have the right qualifications and experience. For investors, this makes it a service business tied closely to specialist labor demand and the pace of hiring in technical end markets.
Gattaca PLC is a UK-based recruitment business that focuses on engineering, technology, and technical staffing. It helps employers find permanent staff and temporary contractors for jobs in areas like aerospace, defense, energy, infrastructure, and telecoms. Its main customers are companies that need specialist workers and candidates with technical skills who are looking for those roles.
The company makes money by placing people into jobs and charging recruitment fees or earning a margin on contractor assignments. In practice, it acts as a middleman between employers and skilled professionals, handling sourcing, screening, and hiring support. That means its income depends on the health of the engineering and technology job market and on how much demand there is for specialist labor.
What makes Gattaca different is its focus on hard-to-fill technical roles rather than general office recruitment. It builds deep knowledge of specific industries and job families, which helps it match employers with candidates who have the right qualifications and experience. For investors, this makes it a service business tied closely to specialist labor demand and the pace of hiring in technical end markets.
Growth: Gattaca said first-half net fee income rose 13% year on year, helped by stronger contract recruitment and the InfoSec acquisition, while permanent recruitment stayed weak.
Profit: Profit before tax increased to GBP 3 million from GBP 1 million a year earlier, showing better operating momentum even in a tough market.
Outlook: Management said it remains cautious on permanent hiring and the wider market, but the Board is optimistic and recently upgraded full-year outlook to GBP 4.5 million.
Mix shift: Contract work now makes up 77% of net fee income, reflecting the company’s push toward more stable, project-based work.
Investment: The company plans to hire more sales people in the second half, which should support growth but will also pressure near-term costs.
Cash: Net cash fell to GBP 13 million after the InfoSec deal, dividend payments, and higher working capital tied to contractor growth.
