Manchester-based security tech scale-up Broadstone is celebrating “unprecedented” growth as it reports a 300% increase in revenue in the past five months and a 700% increase in its user community in the past six months (up from 2,500 users in October 2018 to 20,000 this month). The business predicts that transactions via its platform (based around people looking for temporary work) will exceed £1 million per month by 2020.
As a result, the high-growth firm is looking to expand its headcount by 50% over the next three months as it enters a period of major fundraising and active investment. To support its rapid growth and enable further scalability, Broadstone is also moving to new state-of-the-art premises at The Garages in Allied London’s XYZ building located in Spinningfields, central Manchester.
Tom Pickersgill, founder and CEO of Broadstone, told The Paper: “Since we launched just over 12 months ago we’ve experienced incredible success, from securing contracts with some of the UK’s major corporations to growing month-on-month in every aspect of our business. Our future plans are even more ambitious as we look to undertake a Series A fundraiser later in the year to accelerate our growth strategy.”
Pickersgill added: “Moving to The Garages in the XYZ building will ensure that we’re well-positioned to continue to grow at pace, while providing a high-spec environment for our valued team. Being part of the Allied London portfolio provides the flexibility we need as a high-growth scale-up and means that we’re able to double or even triple headcount without any major disruption to our office space.”