Recruiter targets new markets after backing

A Worcestershire recruitment business is targeting further growth across the UK after securing a six-figure funding package to support expansion and investment in new technology.

The Logistics Partnership, which currently employs 40 people across offices in Droitwich Spa, Felixstowe, Maidstone, Southampton and Bournemouth, has secured a £250,000 loan from the Midlands Engine Investment Fund II, through fund manager Frontier Development Capital.

The Droitwich Spa-headquartered business specialises in recruitment for the logistics and supply chain sector, providing both temporary and permanent staff. 

Founded more than 40 years ago and established as a standalone business following a management buyout in 2011, the company is led by joint managing partners Nick Hall-Palmer and Graeme Doyle.

The company operates through two main brands. 

TLP focuses on recruiting driving and operational staff, while MVP specialises in senior management appointments and consultancy services, including psychometric testing and staff development programmes.

The group also includes Broadreach, a specialist recruitment division serving sectors including marine and the built environment, which was acquired in 2024.

Nick says the funding will support investment in technology, the expansion of consultancy services and growth into new regions as The Logistics Partnership looks to strengthen its position in the logistics and supply chain recruitment market.

He adds that the investment comes as the company builds on a 58 per cent increase in turnover between March 2024 and March 2026, with plans to achieve further growth this financial year and expand its team from 2027.

Nick said: “We saw a gap in the market for an independent business with the scale to cover all aspects of recruitment process in the supply chain and logistics sector. 

“The funding will allow us to enhance our IT systems, broaden our client base and geographical reach and establish the Logistics Partnership as the leading independent in the sector.”

Ryan Cartwright, of Frontier Development Capital, added: “Nick and Graeme are experienced recruiters who understand their market and have built a thriving business that has achieved strong growth in the last few years. 

“The funding will enable them to invest in people and systems to continue the growth trajectory.”

The £400 million Midlands Engine Investment Fund II, operated by the British Business Bank, provides debt finance of £25,000 to £2 million and equity investment up to £5 million to help Midlands-based small and medium-sized businesses start, grow or innovate, aiming to boost sustainable economic growth, increase early-stage funding availability and improve access to finance for firms that might otherwise miss out.

David Tindall, senior investment manager at the British Business Bank, added: “The Logistics Partnership’s management team has built a strong reputation within the sector, supporting businesses with specialist staffing solutions across a number of key locations demonstrating a clear vision for growth, underpinned by investment in service development and geographic expansion.

“The Midlands Engine Investment Fund II is designed to provide ambitious businesses with the funding they need to scale, create jobs and strengthen regional economies. 

“We are pleased to support the business as it continues its growth journey and works towards becoming the leading independent recruitment partner.”

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