84 Eccleston Square
London, SW1V 1PX
205 East 42nd Street, 19th Floor
New York, NY 10016
Every great story needs a beginning and, for us, that was April 2017 when Tempting Ventures opened its first London office and announced a minority investment from Hydrogen Group.
We launched our first brand, Tempting Talent, who focus on the US Recruitment to Recruitment market.
We invested our second business, RO. As a start-up, RO began with a laser-like focus on the US Solar industry.
After two successful start-up launches, we shifted strategy and supported a management buyout of UK-based Uniting Ambition who are specialists in the UK tech sector. We helped Management to restructure and narrow the focus of the business, increasing profitability and presence across defined technology verticals.
A month of exciting growth. We reported the Portfolio's first months consolidated profit. Tempting Ventures, Tempting Talent and RO moved HQ to a larger office space in Eccleston Square, Victoria.
We launched Uniting Cloud, specialists in technical recruitment across specific verticals within Cloud technology. Based in the UK and covering the UK market, Uniting Cloud leveraged our network of UK offices and talent acquisition function to ramp up headcount quickly.
For the first time, the Portfolio achieves £100k EBIT in a month.
The Portfolio achieves £3.8m 2018 NFI.
We invested in Eastward Partners, an established Executive Search Firm in New York.
We launched Uniting Enterprise who specialise in delivering recruitment solutions for German S/4HANA and SuccessFactors professionals.
Our Portfolio finished the second full year of trading with a headcount of 70, £22m Revenue, £6m NFI and £600k EBIT
After massive success and growth within US Solar, RO expanded into other niche verticals across Clean Energy & Infrastructure within the US.
Tempting Talent opened an office in New York to support their growing client base and hiring demands from within the Portfolio.
As Covid-19 hit global markets, we collated all the expertise within the Portfolio and adapted our processes, technology and marketing behaviours to ensure we could still maintain our high levels of delivery to clients and candidates. After weathering the storm, we came out the other side a better business. We're super proud that across our Portfolio we were able to maintain 90% headcount for this period.
Despite the odds, in 2020 the Portfolio is set to deliver c.£5.7m NFI and match 2019 EBIT of £600k
We have explosive growth intentions for 2021 and aggressive hiring plans. Watch this space to follow our progress.
Tempting Ventures will be making further investments in 2021. Find out more about our investment strategy if you’d like to be considered for investment or submit your business plan using the form below.