TALENT SPIKE LTD
Over two decades of industry experience has helped Talent Spike Ltd owner Asim Siddiq build a reputable recruitment business which is now ideally positioned to increase its presence in buoyant IT Sector.
Specialising within Business Intelligence, Digital Marketing, eCommerce and local government, Talent Spike provides a high quality service to clients and candidates. The team at Talent Spike concentrate on placing professionals from mid-level to Executives; scouting both local markets and internationally for highly qualified professionals.
In March 2015 the UK company recorded a turnover of £123,419 with gross profit of £27,240, having only commenced trading in September 2014. Revenues are expected to rise month-on-month from June 2015 onwards.
The company now needs to bolster the sales element to the business to complement a newly installed recruiter, helping to increase business and support expansion into new technical markets. To do this Talent Spike requires a 60-month, £60,000 loan investment, which will be secured by a personal guarantee.
Visit the Talent Spike website: www.talentspike.co.uk
Purpose of Loan
To further expand the sales team to service increasing incoming business, expand into new technical markets and also cash flow for the contract business.
Before starting Talent Spike, Asim Siddiq (founder) began his recruitment career in 1995. He was one of four managers who built the most successful permanent IT recruitment team in the UK to date. This team consisted of 36 recruiters and averaged 180 permanent placements a year delivering a turnover of £10m in 1998. Asim also spent the best part of 6 years as the Commercial Director of an eBusiness solution provider. This company designed and built Tesco.com for Tesco. During his time there Asim was responsible for all operations including finance, legal, HR (including recruitment) and was instrumental in the company’s scalable growth. During this time turnover rose from £2m to £25m and headcount from 30 to 200. Still very hands on, Asim currently works with a broad range of clients headhunting executive level positions and leveraging his extensive network of contacts.
Why lend to us?
Talent Spike has a solid client base providing recurring business and is also focused on emerging markets. The business is providing a level of quality that is too often lacking in today’s recruitment industry and this has been universally welcomed by its clients.
Please note that two Funding-Tree (UK) Limited Directors have an interest in Talent Spike as shareholders.