Multi-million pound funding supports buyout at Covent Garden recruitment firm

Recruitment company Major Players is undergoing a partial management buyout with the help of a multi-million pound funding package.

The Covent Garden-headquartered business said the funding, provided by HSBC, will give its 100-strong workforce the chance of purchasing equity totalling 25% of the company.

The funding was placed into an internal trust, through which staff members can purchase shares.

According to Major Players, the scheme is intended to enhance employee engagement while enabling the company to retain skilled team members. It said eight employees have so far bought shares from the fund.

Major Players chairman Jack Gratton said: “Rewarding employees who have dedicated years of service or performed particularly well is something that is hugely important to us at Major Players.

“The multi-million pound funding facility, provided by HSBC and organised by relationship director James Dowdall, has enabled us to offer an exciting new prospect to our staff, enabling them to become truly invested in the future success of the business. We hope to see many more take advantage of the scheme in the coming months.”

HSBC’s area director for corporate banking in City of London, Victoria Ritchie, commented: “The partial management buyout scheme is an exciting development for Major Players.

“By giving valued employees the opportunity to buy in to the business and become shareholders, the company will improve retention of the highly skilled staff members who have helped make the business such a success. We were delighted to support this significant deal.”

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