Muckle LLP advises on major investment for global recruitment business
Our corporate team has advised Samuel Knight International, the global recruitment and project man-power specialist headquartered in Newcastle, on its 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 and 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.
Further expansion ahead
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 and intends 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.”
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.”
Responsive legal advice
Adam Rayner, associate solicitor, said: “These are exciting times for Samuel Knight International following the hard work, ambition and commitment Steven and his team have shown in growing the business. We are delighted to have played our part in delivering this investment, which I’m sure will accelerate the company’s continued growth.”
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