Financial recruitment consultancy Axon Moore has announced impressive growth in fee income during 2023 against a backdrop which has seen many recruitment consultancies report year-on-year reductions in fees and headcount.
Axon Moore has grown fee income by 40% since 2021 with Q4 2023 up 8% on the previous year. Alongside this, the Manchester-headquartered consultancy has significantly strengthened its team, adding 12 new hires over the course of 2023, with further hires planned for the first half of 2024.
The business puts its continued growth down to several key factors:
· Its market leading reputation for C-suite and executive level recruitment – placing over 100 senior candidates into leading businesses in 2023 alone
· Taking significant market share in the temporary recruitment space – outperforming many of its competitors with 41% growth in fees in 2023
· Remaining the market leading firm for qualified finance recruitment in the North West
· Adding over 200 new clients in the year
· Year-on-year growth every quarter underpinned by exceptional performance from consultants, with a number of record years for the team
Alongside its new hires, the business has also promoted Lancashire office leads, Dan Calland and Jess Coleman to Director, as well as Manchester qualified finance specialists Danny Kay and Joe Develing to Associate Director.
David Moore, CEO, stated: “Many of our listed competitors have seen fee income and headcount reduce in the past 12 months, however we are have seen business flourish. We continue to see growth across all of our teams, which is particularly impressive given the challenging economic backdrop.
Our financial growth has, in part, been down to the fantastic new hires we have added to our team, the diversification of our executive portfolio, but also significant client wins and the continued hard work of our consultants.”
The business has an ambitious growth strategy, with plans to more than double fee income to £10m in the next 3 years through continued investment in talented consultants.
David continued: “Despite the well-documented challenges in the wider economy and profit warnings from our listed competitors, we remain confident about continued growth as our clients continue to lean on us to help them shape and build dynamic finance functions. Our consultive and bespoke approach to client assignments is what helps us to retain key clients and bring new ones on board. That, coupled with our local expertise and sector knowledge, really sets us apart.”
