And they're blaming brexit (which hasn't happened) for their lack of investment, not other factors?
I don't understand then, why they would need a London based outfit, of 1400 people, just to qualify them to float on the LSE. My own company (by that i mean who they work for) Has their HO based in Manchester, and they trade on the LSE.
They tested the water a few years ago and had a lot of interest, they’ve been hugely successful and their parent company is no.2 in the world, in their specific sector.
After they found out they could gain capital, to propel their growth further, they put together the plan of going for the IPO and we helped them by filling specific IPO related projects with talent.
They know exactly what they’re doing.
Following the last 3 years, investment in their space is at a low not seen for years and its 100% Brexit related. They don’t need an excuse as there’s nobody they need to answer to and their public statement didn’t specify anything, just said they’re delaying. It’s what their board told us... well they said the implications of the last 3 years in politics has caused investment to significantly drop and therefore we needed to hold fire getting our team in place to hire for them.
And my client’s head office and largest site will remain in the West Mids... in fact they’ve done so well they’re thinking of opening a sister site over the road. It’s not a particular rich area of the West Mids either and therefore are creating much much needed jobs for the local area, which only has 3/4 large companies.
Your employer will still have a London site and one that’s very much operational, you have to.
My client are expanding in all sites, including another new site in a relatively rural area which is still half empty - we’re again helping to hire local talent.
If they’re to get a place in London, with the growth they’ve had and the IPO that they’re intending to go for, it’d be stupid of them not to make it a large site, as it kills two birds with one stone.
It wouldn’t be cost affective to get an office in London and then get one in Manchester too, just because well they feel the people of Manchester deserve to work there too.
As an organisation, believe me when I say this, they have done enough to help local communities, as their sites are rarely in major cities but now is the time for them to get into the top bracket.