Jim O’Brien, Co-Founder of The Change Group
5
min read
Jim O’Brien, Co-Founder of The Change Group
Over the past 13 years The Change Group have built a reputation as London’s go-to luxury hospitality recruiters. The next step for Co-Founder Jim O’Brien was to find a way to fund the Group’s ambitious growth plans. Having borrowed money from his bank in the past, he was keen to avoid their painful and time-consuming borrowing process, and approached iwoca in hope of finding an alternative.
“We wanted to get things sorted fast, which is why we didn’t bother approaching the bank. I applied for a £150,000 credit facility with iwoca and they made the funds available in just a few days,” Jim explained. Being able to draw down funds online, as and when he needed, gave Jim instant access to the cash to invest in innovative technology, which he believes could hold the key to The Group’s global expansion.
“iwoca’s ease and speed has helped us move fast and upgrade our technology to improve the service we provide, which could prove to be the catalyst for sustainable global expansion.”
Jim is developing a state of the art mobile app with the funds. It allows The Change Group to notify candidates of roles immediately, streamlining the recruitment process in the fast moving world of hospitality. Jim believes this will give his company the edge, driving the revenue that will be crucial to expanding into global food hubs.
Following the success of The Change Group’s Hong Kong office opening last year, Jim has plans to set up in other cities renowned for first rate hospitality services. In the next 18 months alone, he aims to grow into New York and Melbourne as he focuses on increasing his £10m annual turnover. With his app now nearing completion, Jim is confident about adding to his world class portfolio of clients, which already includes the likes of Michelin Starred chefs, Jason Atherton and Tom Aiken.
Supply chain finance
Supply chain finance plays a crucial role in the success of businesses in the UK. It involves various financial techniques and solutions that help optimise the movement of goods and funds along the supply chain. By understanding the basics of supply chain finance, businesses can unlock potential opportunities and drive growth in the competitive market.
Management buyout
A management buyout (MBO) is a well-known strategy in the business world that allows the existing management team to take control of a company by purchasing either all or a majority of the company's shares from its current owners. In the UK, management buyouts have gained significant popularity as a means of acquiring and managing businesses.
Property refurbishment loans
In today’s competitive real estate market, property refurbishment has become an increasingly popular strategy for investors looking to maximise their returns. However, undertaking a renovation project can often require a significant amount of capital upfront. This is where property refurbishment loans come in to provide the necessary funding. In this article, we will explore everything you need to know about these loans and how they can help turn your property investment dreams into a reality.
.webp)
