World Careers Network

World Careers Network is the graduate careers site operator that is morphing into a software business. Today it reported rising profits for the half to 31 January thanks to falling losses at its French operations. Pre-tax profits improved from £31,000 to £72,000, on improved turnover of £829,000 (£816,000) as the French deficit was cut back to £11,000 (£49,000). Chairman Ian Moore, expects the French business to break even during the second half. WCN offers clients a graduate applicant tracking service and online assessment capacity. WCN has an impressive and broad list of clients paying fees on a monthly basis, including retailers, banks and government departments like the MoD. Its first software client, Corus, has used the software for four years now, and new customers added in recent months include Royal Mail and Somerfield. Software accounts for over 95% of sales. The other 5% of sales come from design, and project and response management. Investors can expect stronger growth from WCN until the end of the year.

Sector: General Industrials

Companies: World Careers Network

Market cap: £5.53m

PE Forecast: n/a

Share price: 68.5p

Achieve impressive returns

Gain instant access to some of the best-performing and fastest growing companies in the small cap arena

Click here