New UKFast business model to boost talent

New UKFast business model to boost talent

UKFast CEO Lawrence Jones MBE is creating new opportunities for top talent within the UKFast family by developing some of its lesser-known brands into individual registered businesses.

It is hoped that by allowing the brands to become their own legal entities, talent will be able to develop leadership skills and staff retention will increase.

Businesses include building and office refurbishment frim UKFast Space, technology magazine BusinessCloud and cyber security and ethical hacking specialists Secarma.

The team behind UKFast Space, which is in line to become a registered firm in its own right this year, are responsible for the award-winning refurb of UKFast Campus in Manchester and the transformative refit of Jones’s après ski bar and hotel, Le Farinet, in Verbier, Switzerland.  

Jones said: "As UKFast develops, there is incredible talent and amazing leadership flourishing in every corner of the business. To retain that talent and grow great leaders we are creating opportunities and challenges, allowing people to develop quickly.

"It’s a business model based on freedom and trust and it’s proving to be a great success."

Each of the companies within the UKFast family were born from the needs of the main business, as Jones explains: "We bought Le Farinet in Switzerland to neutralise costs of staff training and team building weeks, turning a negative into a positive.

"Now, the hotel turns over around £3 million a year and has an incredible leadership team in place."

The largest parallel company in Jones’ portfolio is security consultancy, Secarma, which acquired ethical hacking and security specialists Pentest Ltd in June this year.

The move adds over 50 ethical hackers and a list of global clients to the firm’s books and marks the first in a series of planned acquisitions.

Jones continued: "Secarma is the perfect example of this business model working in practice. Several years ago our clients were telling us that they needed dedicated security solutions, so we created a new arm of the business and at the same time created opportunities for our team to flourish.

"The business is going fantastically well and is on track for impressive growth in the current year."         

UKFast has enjoyed 17 consecutive years of organic growth, generating revenues of £34.3m in 2015, and is on track to achieve £40m this year.

The firm employs over 300 staff at its campus HQ in Manchester.