Recruiter Frazer John aims to double staff numbers

A RECRUITMENT firm is aiming to more than double staff numbers after agreeing a £450,000 growth deal.

The majority of the finance for Manchester-based Frazer John Recruitment, £320,000, comes from the Greater Manchester Loan Fund, while its existing shareholders led by founder John Dyso are injecting £130,000.

Based on New York Street in the city centre Frazer John was set up in 2011 by Mr Dyson, who previously worked for international recruiter Robert Half. The business specialises in placing managerial and executive level staff within the finance, technology, HR, and sales/marketing sectors.

It employs 21 people and expects the funding to help it take on a further 25 over the coming years. Frazer John’s clients include Moneysupermarket, Brother UK, and Manchester Airport.

Andy Thomas, investment director at Maven Capital Partners, which manages the GM Loan Fund, said: “We’re delighted to be able to support this ambitious company. John and the team provide a high quality service to their clients which has helped them to deliver impressive growth to date. We’re looking forward to working with the company to help them expand further.”

John Dyson added: “This is a significant part of a round of funding that will inject almost £450,000 into the business so is a hugely positive step for Frazer John. The funding is key in allowing us to capitalise further on our rapid growth and market-leading position.

“By creating a significant number of new career opportunities within our specialist consultant teams, based in Manchester, it will allow us to further increase our   service delivery to current and new clients both locally and nationally.  

“We have come a long way in a short period of time which is a direct reflection of the quality of our people and the great service we have provided to many of our clients and candidates. I am very grateful to both our current shareholders who continue to support the business and Maven for recognising the opportunity to support us in our exciting future growth plans.”

Richard Cowan senior associate at law firm Pannone Corporate carried out legal due diligence for the Fund. Alistair Walmsley Consulting undertook financial due diligence.