L-R: Jamie Watts, Kirsty Mackenzie and Billy McCarthy of iMultiply
Specialist finance and accountancy recruiter iMultiply will open a new office in Belfast this week, marking its first branch outside of Scotland.
The new office will be headed by director, Billy McCarthy, and supported by a team that includes iMultiply’s Jamie Watts, who is relocating as part of the expansion.
The company’s CEO and founder Kirsty Mackenzie sees strong alignment between iMultiply’s activities in Scotland and Northern Ireland. She said: “When we started assessing the opportunity in Belfast, we quickly noticed that the city is not dissimilar to the Scottish market, particularly when you look at the high level of ambitious, entrepreneurial companies. iMultiply has had great success in supporting high growth tech and owner managed businesses, which are the lifeblood of the Northern Irish market.”
iMultiply now has a team of 17 across its Edinburgh, Glasgow and Belfast offices and is on course for increased revenue of around £1.3m in 2017. The existing client base includes online tyre retailer Blackcircles.com, which was acquired by Michelin in 2015, and data specialist deltaDNA.
Billy McCarthy, director of the new operation, said: “Northern Ireland has a strongly pro-business climate, with a highly developed SME market and a real entrepreneurial spirit underpinned by a talented workforce. We feel that our recruitment expertise and agile approach will add real value to the market”.
iMultiply was founded by Kirsty Mackenzie in 2012 in Edinburgh, where the company is headquartered, and has a second Scottish office in Glasgow following the acquisition of Allen Accountancy Recruitment at the beginning of 2017.
In addition to working alongside fast-growth companies, growing revenue streams include the social enterprise sector, interim appointments and from the launch of an ‘Agile FD’ service.
The iMultiply team has also identified Dublin as a target market, one that will be more easily accessible through the Belfast office. Kirsty Mackenzie said: “Geographic expansion is part of our strategy of growth and we’re currently looking at other office locations in addition to the possibility of further acquisitions.”