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Acquisitions are option for growth

Dufrain seeking recruits in City expansion

Michael GilmartinDufrain Consulting, a boutique business intelligence consultancy, has launched a major recruitment drive in London to support growing demand for its services from the City’s financial services sector.

The company expects to hire more than 20 consultants over the next three months.

It has grown rapidly since it was set up in Edinburgh in 2010 and now employs more than 100 staff  in the Scotland, London and Manchester where it opened an office last year.

Turnover during the 12 months to the end of May last year reached £4.2 million and is projected to increase by more than 80% in the current year to almost £8m.

More than a third of the company’s clients now come from outside the banking sector. Growth has so far been organic but the firm is considering acquisitions.

Michael Gilmartin (pictured), managing director, said: “Since the recession of 2008, the financial sector has had increasingly complex data and regulatory issues to deal with.

“In today’s ‘always-on’ society, businesses are being swamped by data. We’re continually looking to expand our teams to help meet our customers’ requirements.”

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