Financial Recruitment on the Up?

in Recruitment

Morgan Consultancy, as an established “partner of choice” in recruiting entrepreneurial finance directors within the corporate finance market on behalf of both private and listed companies, is delighted to be given the opportunity to sponsor the Insider North West Dealmakers Guide 2011.

2010 has undoubtedly been another challenging year – the economic climate has continued to be affected by instability within the Euro zone and the wider global markets, and closer to home the ongoing stubborn resistance of the banks to lend in particular to small and medium-sized enterprises, the engine room of UK business, has had a negative impact.

On the other hand, fears of double-dip recession appear to be receding and some signs of confidence are returning. There is also evidence of an upturn of corporate deals completed in the second half of the year; not only re-financing and restructuring but also increased merger and acquisition and management buyout/management buy-in activity reflecting perhaps the perceived current good value in the market.

Morgan Consultancy has benefited from this increased activity and more positive general mood. We have introduced a greater number of high quality, commercially orientated finance directors into good progressive companies who recognise that the strength of their senior management team is the single most important factor to achieve profitable, sustained business growth.

So, what are the prospects for 2011? While business conditions will remain challenging for the foreseeable future, I sense a general mood of cautious optimism amongst the professional advisory and wider business communities. As well as a steadily increasing trend in deal activity, the North West Fund, the new £185m evergreen fund for North West small and medium-sized enterprises, will no doubt also provide a timely boost for the region’s economy.

Martin Morgan
Managing Director
Morgan Consultancy