Specialist recruitment consultancy Hamilton Barnes has been recognised in the prestigious FT 1000. In its seventh iteration in 2023, the list – published today on ft.com – recognises Europe’s Fastest Growing Companies.
It is based on comprehensive research by German data provider, Statista, into the independent companies that have achieved the highest compound annual growth rate (CAGR) in revenue between 2018 and 2021.
In this period, Hamilton Barnes went far beyond weathering the storm of the COVID-19 pandemic, which inflicted the most turbulent period on the recruitment sector since the 2008 downturn and cemented its position as the leading recruiter to the network engineering space.
The number one supplier to BT, with other FTSE 100 companies including Sky and Vodafone amongst its roster of clients, the firm has grown its turnover by 277% (a CAGR of 55.6%) and its headcount five-fold, from 20 to over 100, over three years. This has seen it rank highly among Professional, Scientific and Technological Services organisations, with the Financial Times and Statista noting its “remarkable recent performance”. The minimum average CAGR growth rate required to be included in the ranking this year was 36.2%.
Thomas Clark, Senior Partner at Statista, said, “Entering the FT1000 has always been very hard, given that over 50 million companies exist in Europe. For a British company to manage securing a position in this prestigious ranking during Covid and Brexit, I take my hat off. Congratulations to Hamilton Barnes, it is now clear that you have been an accelerator of the British and European economy. Well done and good luck for the future!”
Hamilton Barnes’s success can be credited to a diversification within the sector and expansion into international markets. Co-founders Nick Barker and George Barnes have championed a strong entrepreneurial spirit amongst their consultants, resulting in the launch of internal divisions dedicated to sector niches such as Cybersecurity, Fibre, Network Security, Enterprise, IP and Contract, while the firm also initiated a number of measures during COVID that guaranteed colleagues’ job security.
Meanwhile a US office, in Austin, Texas, is capitalising on the scale of the opportunity across North America, a relatively immature recruitment marketplace, and a launch in Malaysia in Q2 2023 will provide customers in the Asia Pacific region with a dedicated service. The firm is already planning to secure a further five US offices by 2025.
Nick Barker, Co-founder and Director of Hamilton Barnes, added, “Our growth through COVID is testament to the vision of the team and desire to push themselves into emerging areas. By growing independent divisions, we are allowing consultants to craft their own specialisms, whilst still having the full support of the business, and broadening our offering to cement our position as the number one provider of talent solutions to the network engineering sector.
“With over 800 live roles across the team, we are not resting on our laurels, and the scope to grow globally – with the launch of new office locations imminent – gives us an exciting opportunity to partner with some of the world’s greatest telecoms companies, alt-nets, ISPs and more, to build a safer, more secure internet for everyone.”
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