“The UK Staffing Industry is one very close to my heart and houses some of the best entrepreneurs in the country.
James Caan, Chairman of Hamilton Bradshaw Private Equity has launched a new initiative to help SMEs in the staffing industry
HB RIDA is a joint venture between Hamilton Bradshaw and the Recruitment Industry Development Agency (RIDA). With a development capital pot of £2mil specifically earmarked for SME staffing businesses, this is a never seen before market offering, giving owner managed businesses the inside track on building a valuable business.
Caan said, “The UK Staffing Industry is one very close to my heart and houses some of the best entrepreneurs in the country. However, many go unsupported and fail to deliver significant turnover and value in line with the owner’s vision. We have put together a series of development programmes in conjunction with RIDA to allow businesses to experience growth and sustainable shareholder value”
Helen Reynolds, MD of HB RIDA and CEO of The Recruitment Industry Development Agency added “The combined expertise of Hamilton Bradshaw and RIDA means the staffing industry really does have the best support around. With programmes specifically developed to focus on support, growth and value, the SME marketplace is now fully equipped to experience a significant change. With the UK being under the heavy cloud of recession, businesses need to think smarter, react quicker and position themselves ready for the upturn. With our programmes, they will not only be able to do this but will be able to financial gain from the journey.
As originator of the initiative, Chris Ledbury, Director at HB RIDA and MD of Hamilton Bradshaw Ventures, commented further “ I am delighted that we have been able to bring together these two respected organisations to tackle the issues that owner managed recruitment businesses encounter. I was receiving on a regular basis, communications from the market saying “Help me, mentor me and ultimately how do I exit my business?” Hamilton Bradshaw Ventures have seen and demonstrated first hand how important sound support and advice is within early stage and SME businesses. Now we are able to offer owners an opportunity to collect a significant return on their investment, something no-one can afford to ignore”. www.hbrida.com
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