Security tech scale-up Broadstone celebrates “huge” revenue growth and office move

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 users this month). The business predicts that transactions via its platform (based around people looking for temporary work) will be in excess of £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, Manchester.

Tom Pickersgill, founder and CEO of Broadstone, told Risk Xtra: “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.”

Challenge to the market

Launched in January 2018 by Pickersgill and co-founders James Doyle and Nick Groves, Broadstone is successfully challenging the “archaic” temporary staffing market within the regulated services industry, with a current and keen focus on the security business sector.

In essence, Broadstone is a marketplace for companies to post flexible opportunities for on-demand workers in the security industry.

Pickersgill stated: “The worker landscape has changed dramatically over the past decade. More people are looking for work that fits around their life, yet traditional recruiters and ‘bricks and mortar’ staffing agencies have not adapted to this. Tech giants like Uber and Deliveroo are reaping the rewards of engaging with these labour pools. Our Labour-as-a-Service approach is democratising recruitment, providing companies with much needed instant access to a pool of verified and vetted workers and affording candidates access to fair and flexible temporary work. All of this results in a fast and highly streamlined process.”

Broadstone launched its InstantPay feature late last year. It enables workers to instantly draw down on their pay. The business has seen a 55% increase in uptake in the past three months, reinforcing the firm’s belief that handing increased control and flexibility to the employee is the future of the workforce.

About the Author
Brian Sims BA (Hons) Hon FSyI, Editor, Risk UK (Pro-Activ Publications) Beginning his career in professional journalism at The Builder Group in March 1992, Brian was appointed Editor of Security Management Today in November 2000 having spent eight years in engineering journalism across two titles: Building Services Journal and Light & Lighting. In 2005, Brian received the BSIA Chairman’s Award for Promoting The Security Industry and, a year later, the Skills for Security Special Award for an Outstanding Contribution to the Security Business Sector. In 2008, Brian was The Security Institute’s nomination for the Association of Security Consultants’ highly prestigious Imbert Prize and, in 2013, was a nominated finalist for the Institute's George van Schalkwyk Award. An Honorary Fellow of The Security Institute, Brian serves as a Judge for the BSIA’s Security Personnel of the Year Awards and the Securitas Good Customer Award. Between 2008 and 2014, Brian pioneered the use of digital media across the security sector, including webinars and Audio Shows. Brian’s actively involved in 50-plus security groups on LinkedIn and hosts the popular Risk UK Twitter site. Brian is a frequent speaker on the conference circuit. He has organised and chaired conference programmes for both IFSEC International and ASIS International and has been published in the national media. Brian was appointed Editor of Risk UK at Pro-Activ Publications in July 2014 and as Editor of The Paper (Pro-Activ Publications' dedicated business newspaper for security professionals) in September 2015. Brian was appointed Editor of Risk Xtra at Pro-Activ Publications in May 2018.

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