A specialist recruiter for senior finance roles in entrepreneurial businesses, private equity houses and corporate finance firms across the north west is celebrating its 20th anniversary.
Brothers Mike and Daniel Mesrie established Manchester-based MDM Resourcing in March 1999.
They formed MDM because they were frustrated with the consistently poor service they had received from recruitment consultants when hiring staff for the family textile business.
Mike said: “We were looking to diversify beyond textiles and believed there was a gap in the market for a service level in recruitment that a business owner would want and expect but which, from our experience, was frustratingly lacking.
“We are both trained finance professionals and therefore decided to focus on finance roles at MDM. Seeing things from the customer’s perspective stood us in good stead and, by the end of our first year, we realised the business was viable.”
He added: “We provide a personal service which is focused on achieving the right results for clients and candidates, with an ethos of total honesty and objectivity when it comes to giving advice. Our business has grown almost entirely through networking and referrals.”
The brothers completed their exit from the textile industry in 2002, by when MDM had expanded into recruiting for Manchester’s emerging private equity market.
MDM, which is based in Amazon House, Brazil Street, now recruits for a large number of PE and corporate finance houses in the north west. It also works with regional
ntrepreneurs to recruit finance directors and financial controllers for their businesses.
The business has clients across a range of sectors, including technology, manufacturing, construction, real estate, retail, travel and leisure, as well as leading charities and sports clubs.
Recently MDM has seen strong growth in demand for senior finance staff in fast-expanding technology and e-commerce-based companies.
Daniel said: “The business spirit for which Manchester is renowned is very much alive, and we are proud to play our part by helping entrepreneurial mid-market companies, often backed by private equity investors, achieve profitable growth through their recruitment of key finance professionals.
“These businesses are the real engine room of the north west economy and their robust growth is a great sign of the region’s underlying strength.”
Daniel added that Manchester continues to attract senior finance professionals and PE and corporate finance specialists from outside the region.
“We are coming across increasing numbers of people who are relocating to the north west, often returning to their roots, and usually from London,” he said.
“They are attracted by the career opportunities that the dynamic north west economy is creating, as well as the excellent quality of life here,” he said.
He said it was important never to give up on your goal when starting out in business.
“When we started MDM, we had no clients, no candidates and no experience of working in the recruitment industry, but hard work and a belief in our business model have been a winning formula.
“It felt at first as though we were running through a desert without a compass. It took time to persuade people to trust a newcomer to the market with a different approach.
“So 20 years feels like a significant milestone, and we’re looking forward to continuing to support the thriving north west business community for many years to come.”