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Robbie Cowling, Managing Director of Jobserve, said: "We are extremely sorry to have to disappoint those companies who had already committed to attending the event and the 2,500 delegates who had already signed up to come along. We pride ourselves on delivering a first rate service in everything we do and had we pressed ahead, we would have been putting on an event that was not of the sort of quality we want to deliver. We felt we would have been letting down not just our clients but ourselves.
"It's very difficult for our organisational team, because they have done everything they possibly can to persuade exhibitors to take part. It is a shame because we received such positive feedback from last year's event and we were sure we could generate the same level of interest again."
A spokesman said plans for the exhibition this year would have included a motivational speaker and special CV workshops for candidates as well as exhibitors and presentations.
Jobserve was expecting nearly 3,000 delegates to attend.
Mr Cowling said the last few months had been a tough time for the recruitment industry and he felt that extra marketing activities were the first things to be axed from tight budgets in many firms.
The company recently celebrated profits of £12.8 million on a turnover of £15.9m, putting it at 58th position in the Sunday Times PricewaterhouseCoopers Profit Track 100 league table, which ranks the UK’s top 100 unquoted companies by profit growth.
It is the third year running for Jobserve to appear on the Profit Track list, making the firm one of only 12 companies in the UK to have made the list every year since it was launched.
The company posts 35,000 vacancies a week on its seven specialist sites at www.jobserve.com, which records 15.4 million monthly page impressions and 2.7 million visitors every month.
Jobserve has watched profits grow on average 36 per cent from £4.8 million in 1998 to £12.1 million in 2001.
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Richard Powell, Shout99
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