Formed late in 2009 in a tiny Regus office near Liverpool Street Station, Stott & May today specialise in providing hi-tech, systems and consultancy, contract staff and senior marketing and management candidates for full-time employment in banking and financial services, technology and retail sectors, in Central and Northern Europe as well as in the UK. They employ 29 staff, most of whom are focused on the tech sourcing industry. They enjoy a blue-chip client list including 19 institutions in the Footsie Top Hundred.
A key to the success of the business is that a number of the key associates have already become shareholders in the company.
Despite starting in the teeth of the recession, the niche approach and clear focus of the company has already led to impressive multi million pound growth levels. The board is excited that the company can now deliver on aggressive growth plans and objectives with this new funding support package.
Stephen Stott, Chief Executive of Stott and May, admitted that few business enterprises have it easy right now, but added "Our unique understanding of corporate technology needs - over a broad range of professional and commercial sectors - have allowed us to penetrate markets which competitive recruitment companies are just unable to supply. We have strong teams of highly experienced consultants whose expertise and success will ensure our rapid development, no matter the present global economic uncertainty. By securing our financial base through RBS, our Company's bright future is secure."
Laurence Rosen, chairman of Stott & May, himself a 40 year veteran of the recruitment industry and who founded and sold Office Angels said: "In less than two years under Stephen's impressive leadership, the business has made huge strides. But to continue our strong growth we had to renegotiate our financial support. The RBS team were supportive and imaginative from the very first and we're delighted at our new partnership. This is precisely what hundreds of SMEs need from UK banks and we consider ourselves fortunate"
Henry Audley-Charles, business development manager at RBS Invoice Finance who has supplied the company with a working capital facility as part of the new agreement added: "There is an impressive pedigree to the management team and clear plans as to how they intend to nurture and develop the business. Our funding is designed to be flexible to their needs, providing additional support and headroom for when they need it."