Samuel Knight International, the global recruitment and project man-power specialist headquartered in Newcastle, has announced significant investment from Gresham House Ventures. Samuel Knight, which was established in 2014 and has offices in London and Bristol, provides skills and energy solutions to the energy and rail sectors on a permanent, contract and temporary basis.
The company has demonstrated impressive growth since its formation. Last year, it achieved £13m turnover and took home ‘Team of the Year’ at the Great British Entrepreneur awards. 2018 also saw Samuel Knight securing major new client contracts in more than 30 countries, boosting headcount and expanding the business to accommodate business growth.
The growth capital investment from Gresham House Ventures, using funds from the Baronsmead Venture Capital Trusts, will fund Samuel Knight’s near-term growth plans. These include increasing headcount at the offices in Bristol and London and adding local talent to the Newcastle team, from entry level graduates to experienced consultants. The company is also planning international expansion with the potential acquisition of two sites abroad.
The recruitment drive is geared up to support expansion across the energy and rail space given increasing demand from clients and candidates. Samuel Knight is focusing on achieving greater market share and boosting awareness of the brand through targeted marketing and business development. The investment will also allow Samuel Knight to further invest in technology to continue innovation within the business.
Steven Rawlingson, CEO at Samuel Knight said: “We have a clear vision of what we want to achieve with the investment, and how this will help us to support commercial goals. We are delighted to have secured the funding from Gresham House Ventures, who share in our ambition and vision to grow the business. The investment will enable us to strengthen our global offer, expansion plans and team growth.”
Paul Kaiser, Katy Lamb and Michael McCulloch from UNW LLP provided financial advice to Samuel Knight International.
Katy Lamb, Senior Corporate Finance Manager at UNW who led the transaction said: “Having worked with the business since late 2017, helping management prepare for the investment, we were delighted to advise on the finance raise and have enjoyed working with such a dynamic, fast-growing business. It’s also great to see investment into the North East.”
Steve Cordiner, Director at Gresham House said: “Steven and the Samuel Knight team have done a fantastic job in growing the business so rapidly in such a short time period and we are proud to be partnering with such an ambitious team. There is huge scope for Samuel Knight to expand globally and we look forward to supporting the business on this phase of its journey.”
Anthony Evans, Adam Rayner and Harry Hobson from Muckle LLP provided legal advice to Samuel Knight International.
Shoosmiths LLP provided legal advice to Gresham House and Dow Schofield Watts provided the financial due diligence.
The Gresham House Ventures team invests equity of up to £5m in growth businesses, supporting founders with bold ambitions for the future, whilst providing transformational capital and expertise to accelerate business potential.
Samuel Knight International on track to continue major growth following investment
Samuel Knight International, the global recruitment and project man-power specialist headquartered in Newcastle, has announced significant investment from Gresham House Ventures. Samuel Knight, which was established in 2014 and has offices in London and Bristol, provides skills and energy solutions to the energy and rail sectors on a permanent, contract and temporary basis. The company […]
Sign up to our quarterly newsletter to receive the latest and most relevant updates, interviews and opinions from finance’s leading lights.
Subscribe
View the latest issue of the Wealth & Finance digital magazine which features business profiles of leading industry insiders who are thriving in the finance and investment sector.
See Latest Issues
Mercer's Pensions Risk Survey data shows that the accounting deficit of defined benefit (DB) pension schemes for the UK's largest 350 companies increased significantly during April.
With the FCA’s consumer duty deadline fast approaching on July 31st this year, Close Brothers Motor Finance has outlined some of the key things dealers could be thinking about to make sure they comply with the new regulations.
There’s no shortage of business owners who believe they can do it all on their own. A certain industrialist who recently bought a major social media network comes to mind. But he’s not alone. The list of so-called self-sufficient business owners is long.
The new ATED legislation came into force on 1st April and will now apply to UK residential properties that are completely or part owned by a company, partnership, or collective investment scheme which are worth between £500,000 and £1 million.
Whether you're new or a veteran in a real estate business, foreclosure investing is an incredible strategy to pay attention to. It’s understandable to have hesitations. People’s perception of foreclosure investing could easily affect your judgment. Well, you shouldn't have to be. Contrary to some beliefs, you can actually use it as your opportunity to start a business venture. You can potentially expand your investment portfolio if you can successfully invest in foreclosed properties. Doing so will also boost your chance to generate revenue.
Leading energy and rail recruitment firm, Samuel Knight International, has announced plans to extend its US operations with a new head office in Chicago as the need for rail infrastructure talent in the city looks set to grow. With a strong track record in supporting some of the world’s most exciting engineering projects in over […]
Pure Commercial Finance Secures £2.5m Second Charge Bridging Loan Within Just 3 Working Days Commercial brokerage breaks records with speedy funding when previous lender pulls out of multi-million-pound deal last minute. Pure Commercial Finance, the Cardiff-based brokerage, recently saved a multimillion-pound development by sourcing £2.5m of funding in just three days. The client, an experienced […]
For investors, it’s an incredibly unsettling time. Uncertainty continues to sweep the stock market and it’s anyone’s guess just how far the economic impact of coronavirus will spread. Some sectors have been sucker-punched by the crisis, such as airlines, leisure and travel. In a few cases, companies are facing a battle for survival. When it comes to managing a portfolio of shares, the majority hand the hard work to a fund manager, believing that the costs of trading and rebalancing portfolios are too much for an individual investor to bear. However, you can beat the City with a little know how. Ben Hobson, Markets Editor at Stockopedia explains why now might be the perfect time to break free and run your own investment portfolio.
New proposals being discussed by the UK Treasury could see hundreds of thousands of non-residents have their tax-free allowance on their UK earnings taken away.
Retained earnings or profits are the portions of a business revenue after the shareholder dividends are considered. Companies must plan how to use retained earnings to help their growth. But retained profits also have their benefits and disadvantages. Below are the pros and cons that can help the business owners and shareholders make better-informed decisions about keeping the profit of their labour or not. Read on.
