Management invests £1.2m in recruitment firm
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SF Recruitment, which has offices in Leicester, Nottingham and Birmingham, has completed a £1.2m investment which sees both its management team become owners in the business, and every employee given a stake in the future profits of the company.
The investment sees CEO Saira Demmer – alongside the management team made up of Rebecca Parnell, Damien Lewis, Dominic Syalon, Mike Lattimer and Joanne Eaton – become shareholders in the business.
SF Recruitment has also announced the introduction of the SF Ownership Scheme, where every employee shares in the future profits of the company regardless of job title, seniority or tenure.
Demmer said: “It was important to us to put our money where our mouth is and give our people real ownership and a stake in our collective success. We are on a mission to build a business full of brilliant people and we want to reward the contribution each of these individuals makes through more than just standard remuneration models.”
As part of the changes, SF Recruitment will continue to be backed by James Caan’s private equity house, Hamilton Bradshaw.
Caan said: “As a business, SF Recruitment continues to go from strength to strength, and I am very excited about its future under this talented management team.”