Insignia Recruit tripled their organic growth and performance in the past year, with a boost from JD Capital Finance.
- Insignia Recruit
- Michael Pagalos, Business Director.
Insignia Recruit is here with one mission in mind, and one only: to offer the best customer service and excellence that their customers deserve when it comes to recruitment services in STEM. Founders are Vanessa Barnes and Michael Pagalos, two highly experienced individuals in the recruitment industry, with a passion and commitment to working closely with clients and selecting candidates carefully.
‘Insignia Recruit is an independent recruitment solutions consultancy that offers executive search, permanent, contractor and temporary recruitment services across multiple disciplines but primarily within the STEM space’, says Michael Pagalos, one of the two Business Directors.
Insignia Recruit’s story begins when JD Capital Finance found Insignia Recruit and immediately reached out to them.
‘Cold calling does work!’, says Michael.
At the time, Insignia Recruit was a young organisation, trading barely over a year. The funding JD Capital Finance helped secure was invested in the company and its growth. And, indeed, did the company see growth!
‘We decided to go ahead with JD Capital Finance’s service as it was effortless and they were genuinely trying to help’, said Michael. ‘They discussed our needs, covered the options, went back to the drawing board when needed and found an acceptable solution for us’.
JD Capital Finance granted a Recovery Loan Scheme ‘which allowed the customer to borrow £186,204 through the government backed funding incentive with no Personal Guarantee. The loan allowed the client to remove a PG from an existing loan, reduce their interest and receive £120,000 to aid their company expansion’, said Perry Osborne, Finance Consultant at JD Capital Finance.
The deal was completed within four days - from application to offer - and the loan was paid out on the same day the client signed the contract. Great teamwork from the JDCF team, with Managing Director Jamie Davies, assisting, Finance Consultant Perry who gave Michael the good news whilst on a beach in Cyprus.
Insignia Recruit saw great increase in organic growth in all departments of its business, but most importantly invested in building the team first. The capital not only helped with cashflow but was also invested internally, and this in return boosted overall performance in the market. From two directors, the company now boasts ten employees under its wings and hopes to hire two more in the coming months.
‘They helped me achieve what I needed with minimal fuss and effort.’, says Michael. ‘Business is thriving for us, from a combination of both the business finance and our skills and holistic approach to doing business. We always strive to exceed our clients’ expectations and work with like minded companies as JD Capital Finance’.
To summarise, Insignia Recruit managed to triple its organic growth and market performance with capital investment, boosting both internal and external processes.