© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - Broadstone Secures A Further £1.5m To Fuel Expansion Following Major Contract Wins
Posted 30th January 2020

Broadstone Secures A Further £1.5m To Fuel Expansion Following Major Contract Wins

Existing investors continue to back company's aim to transform flexible workforces in regulated industries.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Broadstone Secures A Further £1.5m To Fuel Expansion Following Major Contract Wins
Broadstone app

Broadstone Secures A Further £1.5m To Fuel Expansion Following Major Contract Wins

Existing investors continue to back company’s aim to transform flexible workforces in regulated industries.

Technology start-up Broadstone, has extended its funding by a further £1.5 million in order to service major contract wins in recent months, scale operations, and to accelerate the development of its product roadmap and staffing marketplace. This takes the total raised by Broadstone to £2.5 million to date. 

The latest investment was made by existing investors Maven Capital on behalf of NPIF – Maven Equity Finance (‘’NPIF’’), part of the Northern Powerhouse Investment Fund, along with a number of angel investors – most notably Peter Searle, the former UK CEO of temporary staffing agency Adecco. In just under two years since launch, Broadstone’s platform has gained 30,000+ users in the UK looking for shift-based work in regulated sectors. Fulfilment also jumped to 83% in Q3 2019 – the industry benchmark sitting at just below 45%.  

The Manchester-based company’s ‘Labour-as-a-Service’ platform, draws on data, automation and gamification to connect large corporate organisatons, to those individuals looking for temporary work.  

The platform currently focuses on regulated industries and allows organisations to access a pool of qualified and compliance tested talent – saving companies the time, money and effort of engaging traditional temporary staffing agencies. Job seekers benefit by being able to go through one simple vetting process and gain access to work directly from their phones for multiple companies. In addition, they can also see how much they’ve earnt from a shift and have the ability to drawdown their earnings quickly and seamlessly.   

In recent months, the company has won contracts with major global organisations  G4S, ISS World and OCS – this meaning it now has five of the top 10 security companies in the UK as clients, with a combined annual turnover of $2.27bn and market share of 55%. Broadstone plans to extend its operations into the Facilities Management and cleaning sectors in 2020. 

Co-founder & CEO Tom Pickersgill said: “Labour-as-a-Service is growing fast in recognition as a term, and as the market leader in regulated industries we are well-placed to strengthen our position. We’ve recently seen Uber moving into this market with Uber Works, demonstrating the model’s strategic importance. In fact, The Economist predicts that by 2029 all workers will be listed on at least one labour platform – this presenting Broadstone with a huge market opportunity. 

“The investment has come at a crucial time in our evolution as it will allow us to accelerate the creation of a new product roadmap and roll out a number of new capabilities for our expanding customer base of global players. Winning contracts with organisations like G4S and OCS, gives us a real opportunity to expand our operations into multiple sectors and geographies, whilst giving us the scale to fundamentally redefine the way people search for work, get paid and prove they qualify for roles. Longer-term we have ambitious plans to establish our model in key markets – the US being one we want to move into by 2021.” 

Former UK CEO of temporary staffing agency Adeco and Broadstone investor, Peter Searle added: “The additional funding that Broadstone has secured will support it in building on a proven tech-driven model, and innovate the temporary staffing market further to support different sectors including cleaning, catering and warehouse operatives. It’s providing an end-to-end staffing management tool that’s challenging traditional methods of temporary staffing – much like FinTech has challenged the traditional banking industry. It’s very exciting to see how quickly the company is growing, and the size of clients its attracting at this relatively early stage.” 

For more information on Broadstone, visit: https://broadstoneapp.com/ 

The Northern Powerhouse Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.   

Categories: Innovation, Strategy


You Might Also Like
Read Full PostRead - Eye Icon
Jack Of All Trades
Innovation
30/04/2021Jack Of All Trades

Jacksoft Commerce Automation is a pioneering firm of Regtech and Computer Auditing Experts situated in Taipei, Taiwan. Specialists in IT and auditing services for businesses of all shapes and sizes, Jacksoft provides market-leading automated solutions and worl

Read Full PostRead - Eye Icon
Breaking New Ground
Leadership
19/07/2019Breaking New Ground

Serafim Sotiriadis & Associates has the all-round knowledge of the law required to offer solutions for both legal and business issues in the spheres of bankruptcy and business restructuring law, commercial, civil, corporate and criminal law. Following his succ

Read Full PostRead - Eye Icon
The Rise of Sustainable Business Practices: Strategies for Balancing Profit and Purpose
News
06/06/2023The Rise of Sustainable Business Practices: Strategies for Balancing Profit and Purpose

As business owners, executives, and professionals, we must ensure that our businesses succeed while striving to be socially conscious. As a result, sustainability has become a priority for many organizations as they seek to ensure long-term success and priorit

Read Full PostRead - Eye Icon
Kelly Stone Leads the Way as Best Family Support NPO Business Leader (Canada)
Corporate Social Responsibility
05/01/2021Kelly Stone Leads the Way as Best Family Support NPO Business Leader (Canada)

In 2014, Kelly Stone transformed a decaying national charity into Families Canada—the go-to place for those who work with vulnerable families. Now President and CEO, Kelly is steering Families Canada through a full digital transformation. In addition to a lo

Read Full PostRead - Eye Icon
Banexi Ventures Partners Announce Investment in Netwave for EUR1.2m
Finance
26/03/2015Banexi Ventures Partners Announce Investment in Netwave for EUR1.2m

French independent managing company Banexi Ventures Partners finalised a €1.2 million investment in Netwave, a realtime data insight provider.

Read Full PostRead - Eye Icon
Out There: Reasons To Use Promotional Products In Your Marketing Strategy
News
03/01/2023Out There: Reasons To Use Promotional Products In Your Marketing Strategy

Promotional products are a great way for businesses to get their message out to potential customers. They are an important tool in any marketing strategy, as they can be used to build brand awareness, increase visibility and engage customers. From pens and mug

Read Full PostRead - Eye Icon
Privet Capital Acquisition of Aeroment from Black Diamond
Finance
04/08/2015Privet Capital Acquisition of Aeroment from Black Diamond

Privet Capital Acquisition of Aeroment from Black Diamond

Read Full PostRead - Eye Icon
U.S. Money Reserve Reviews Reveal Why Portfolio Holders Choose Precious Metals Over Other Assets
News
14/06/2024U.S. Money Reserve Reviews Reveal Why Portfolio Holders Choose Precious Metals Over Other Assets

Nearly twice as many Americans named gold as the best long-term investment in 2023 vs. 2022, according to a Gallup poll.  Only one asset, real estate, was ranked higher — and fewer consumers identified it as the best long-term investment choice vs.

Read Full PostRead - Eye Icon
Ones to Watch for 2016
Finance
03/03/2016Ones to Watch for 2016

The goal of Directors Mortgage is to provide loans that best suit our clients’ needs. We accomplish this with professionalism and integrity.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow