Brightwork promotes finance director May to CEO

Scottish multi-sector recruiter Brightwork Group has promoted its finance director, Derek May, to chief executive.

Mon, 20 Apr 2015

Scottish multi-sector recruiter Brightwork Group has promoted its finance director, Derek May, to chief executive.

The appointment signals a change in strategy for the group, which has ambitious plans to double profit before tax by 2018. 

Anthony Knight, who previously led the business as managing director, has stepped aside from an operational role but will remain on the group’s board. 

Knight has been with the group since 1997 and led the management buyout (MBO) from global recruiter Hudson in 2006. 

Speaking to Recruiter this morning [20 April], May said he was excited by the “big challenge” of moving “from [the] finance side of the fence back into operations”.

May, a chartered management accountant, has had dealings with the company since just before the MBO in 2006, when he worked on an interim basis. He has been the group’s finance director since 2013. 

On his appointment, he said: “We’ve got to a particular stage in the company’s development and thought a new way would help deliver ambitious growth plans.”

He estimated the as yet unreleased 2014 annual accounts would show a group profit before tax of £800k but the plan was to double that by 2018.

The firm has been a regular on Recruiter's FAST 50 lists of the fastest growing recruitment agencies in the UK, compiled by Boxington Corporate Finance – from 38th in the 2012 list to 6th in 2013 and 17th last year. It did not appear this year but, “with a bit of luck”, it would be on the 2016 list, May said.

“That would be a validation of us executing the strategy,” he added.

That strategy has four aspects: investment in IT systems; investment in staff training and development; building long-term relationships with clients or, “adopting more of a partner-type approach”; and providing better candidate experience to leverage word-of-mouth advertising. 

May said they would also invest in headcount with a view to growing the permanent side of the business and possibly expand to other sectors. 

From its Glasgow and Edinburgh bases, the group has Scotland well covered. May is not ruling out expansion into England, he told Recruiter.

  • Want to comment on this story? The Comment box is at the bottom of the page. Sorry for the glitch but just scroll right down and share your opinions!

 

Twitter Twitter

Serial fraudster jailed after stealing from Farsight Recruitment

A finance manager, who pretended she had cancer and stole £17k from her employer – Derby-based Farsight Recruitment – has been sentenced to 20 months in jail.

People 22 January 2018

Draft Bill clarifying worker status could hit use of agency workers

While a Draft Bill, currently passing through Parliament proposing the ban of zero-hour contracts, will offer greater clarity of worker status, it could also result in a dramatic decrease in the use of agency workers.

Legislation 22 January 2018

Barometer reveals good weather ahead for recruiters’ prospects

As recruiters start the year, agency optimism is improving but there are also concerns around availability of consultants and candidates, and increased debtor days.

Financials 22 January 2018

PageGroup reorganises UK business, appoints regional heads

PageGroup announced a major reorganisation of its UK business last Friday, focusing on a more geographic client basis, Recruiter understands.

18 January 2018
Top