“Working with The North West Fund is enabling us to achieve our growth aspirations and expand our business in the way we hoped."
 
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Rowan Group steps up growth plans with investment

Fund: Venture Capital

Manchester-based senior executive recruitment firm, Rowan Group has achieved significant growth since receiving funding from The North West Fund for Venture Capital...

The company, which identifies and recruits high calibre individuals for roles within ambitious SMEs in the North West, was one of the first start-up businesses to receive finance from The North West Fund in December 2010.

Rowan Group incorporates Rowan Partners, which appoints at board level and Rowan Finance, specialising in recruiting senior finance professionals. The company was founded by Richard Robinson, ex-Board Member of the Michael Page Group, David Anwyl and Paul Waite. All three founders are highly experienced recruitment professionals who previously worked together in driving the growth and sale of the 3i backed RK Group in 2008. 

The investment, totalling just over £300,000, has helped the team to grow Rowan Group at an impressive rate, doubling revenue levels year-on-year.

The company, which is based in Didsbury, recently opened a new office in Spinningfields, Central Manchester and now employs ten people across the Group, with plans to make further appointments throughout 2014.

Having attracted clients including Metronet, Intrinsic Technology and Betta Living, the business is looking to continue its organic growth in the North West and establish itself as the recruitment firm of choice for ambitious entrepreneurs in the region. Over time, Rowan Group also plans to tap into new markets and expand its service offering.

Maintaining their reputation as a well respected recruitment firm with high service levels
is important to the team. Paul Waite said, "Turnover is growing rapidly and the number of new clients and placement opportunities is very healthy. From our own experience of growing a successful business, we understand the importance of having a strong senior team to drive a business forward. We pride ourselves on being able to fully understand the challenges our clients face when they are looking to build a high calibre team of their own. 

"Working with The North West Fund is enabling us to achieve our growth aspirations and
expand our business in the way we hoped. Richard Young, our fund manager, has been an incredibly supportive partner for us throughout the whole journey; from helping us to shape the original business plan to providing relevant introductions and strategic guidance." 

Richard Young, fund manager at Enterprise Ventures, which manages The North West Fund
for Venture Capital, said: "We invested in Rowan Group as a start-up business and the growth already achieved by the company has been really impressive. The team are highly experienced, having worked together to build and sell a recruitment firm in the past. We look forward to working with them as they continue to realise their own growth plans and build on the positive impact they are having on other growing businesses in the North West."

 

For more information about how you may be able to access funding for your new business please visit /funds/venture-capital





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