Ferris Slater secures £50,000 investment

A Preston-based recruitment agency in business less than a year has received £50,000 in funding to recruit new staff.

Ferris Slater offers recruitment and consultancy services to niche sectors within the UK, including commercial operations, IT sales, cyber-security, and accounting & finance.

Incorporated in January 2018, the company had already received investment of more than £40,000 to fund the setup of the company which included showpiece office acquisition, employee and director wages.

The additional funding has been secured through peer-to-peer crowdfunding, current shareholders, and Barclays. It will be leveraged to acquire three new recruitment consultants, taking the Ferris Slater workforce to six.

Jonathan Slater, founder and managing director, said: “It’s rare to see a recruitment start-up generate so much confidence and interest, so we’re delighted to announce this news.

"You need a great foundation, an exceptional employee value proposition, and good financial backing to be able to attract talented recruiters, and now we’ve got all three. We’ll be using the investment straight away to onboard three very talented recruiters who can hit the ground running.”

Ferris Slater has created a 'results-only work environment' used by tech giants such as Apple, GitHub and Google.

The environment allows for home working, unlimited annual leave, no set working hours, complete autonomy and accountability, and self-set KPIs monitored by either themselves or colleagues. The office is open 24/7 and the integration of work and life is promoted.

Jonathan added: “What we’re trying to create is vastly different to the status quo. Our ‘results-only work environment’  has really caught the eye, allowing employees to work how, when, and from where they see best. This really suits mature and experienced recruiters and it’s allowed us to attract some amazing talent already.”