Directorbank has been identified as one of the UK’s leading recruiters by the Financial Times and their research partner Statista … 

The Financial Times and Statista recently launched a survey among peers, clients and candidates to identify the most highly recommended recruitment consultancies in the UK. It was through this process that Directorbank stood out.

From an initial sample pool of 7,000 UK recruiters, just 154 firms have been rated across 13 categories with a Gold, Silver or Bronze status awarded, depending on the number and strength of recommendations received.

Directorbank has been given a SILVER award in 4 categories:

1. Executive Search
2. Business & Professional Service
3. Engineering & Industry
4. High Tech & IT

We are delighted to have been recognised for the quality of our work, and honoured to have been listed amongst the most eminent names in the Executive Search industry.

Our thanks and appreciation go to our clients and candidates who recommended us.

To read the special report, click here: https://www.ft.com/content/ff77ecd7-0dea-4624-b780-fd302df3cefd

Mid-year review – activity and highlights.

Consumer & Retail Sector Update – July 2023:
Last month our Head of Retail & Consumer Practice – Simon Nolan – hosted our bi-annual Consumer & Retail breakfast with KPMG. Guests included a mix of Chairs, NEDs and Executives from Consumer-facing listed, PE-backed and private companies which provided a great breadth of opinion and leadership insight. Under Chatham House rules, we tackled three topics during the few hours we spent together, and the key takeaways are summarised below:

1/
Trading in the current environment

• Trading remains challenging. The two-pronged attack of high inflation and rising interest rates is reducing consumer ability – and appetite – to spend.
• In some areas sales numbers are holding up, but – once inflation has been accounted for – volumes are down. Consumers are receiving less for their money. Whilst ‘essential’ spending, particularly across the Grocery sub-sector, continues, discretionary purchases have been harder hit. Consumers have become much more value-led.
• With the decrease in market values, it’s an ideal time for investment in the sector. As investors will seek out opportunistic transactions that offer strong potential for growth and margin, there should be some healthy rewards for those prepared to take risks.
  
  
• As a side note, there was some interesting insight into the US market where some states have almost decriminalised shoplifting. This has led to major retailers, including Walmart, shutting stores in high crime areas due to excessive loss through theft.

2/
The ESG agenda

• Companies that can transparently and honestly demonstrate their commitment to sustainability are more likely to enhance their brand, create differentiation and gain competitive advantage. They are also more likely to build resilience and long-term value by safeguarding against risk.
• Customers are now more engaged with ‘doing the right thing’ and conscious of the E&S impact of their buying decisions. A trend that will continue. A brand’s reputation for responsible ESG practices will help to drive customer loyalty and word-of-mouth. In some cases these customers will be willing to pay a premium on their purchases.
• Companies with robust ESG practices are more likely to attract and retain top talent. This is particularly applicable to Millennials and Gen Z’s who openly share their concern for social and environmental issues, and are more likely to join (and stay with) a business that aligns with their beliefs.

3/
Building better Boards

• The operational challenges outlined above require a change of attitude and behaviour from leadership teams.
• Diversity of thinking can be lacking and this needs addressing. Businesses should be more willing to take advice from a diverse mix of people with different viewpoints and experiences. This enables more informed, balanced and creative decisions, which helps companies to handle complex challenges, and remain innovative and competitive.
• There can be a lack of ‘data and analytics’ capability within Boards. Data and analytics are revolutionising the sector, empowering businesses to make far more intelligent decisions across all facets including marketing, sales, product development, financial forecasting, and so on. All positively impact the customer experience. But some businesses are getting left behind. In an increasingly tough landscape, businesses should invest in boosting these capabilities to harness opportunities for business improvement, competitive advantage and growth.
• With a wealth of experience in the room from private, plc and PE backgrounds, our guests discussed the clarity of purpose that often comes from PE ownership. Private Equity investment often brings with it a more focused and disciplined approach – their expertise helps to shape a clear strategic plan with well-defined targets, and their strong incentive to drive success means they are involved in decision-making throughout the journey. In many cases our guests agreed that this leads to a more aligned, driven and positive working environment.

If you’d like further information on our credentials, or if we can assist you with a Board-level or senior management search requirement, please contact Simon on the details below.

Simon Nolan
Head of Retail & Consumer Practice
s.nolan@directorbank.com

Update: Directorbank signs up to the ‘Voluntary Code of Conduct for Executive Search Firms’

As Executive Search specialists, Directorbank acknowledges the important role we play in helping to increase diversity and inclusion in leadership teams. To set a quality benchmark, and to further support industry best practice, we have become a signatory to the ‘Voluntary Code of Conduct for Executive Search Firms’. This Code lays out clear steps that member firms must follow to promote the highest standards of professionalism and ethical conduct, and to provide their clients with the best possible service and search outcome.

Directorbank’s Simon Thomas comments: “It is well documented that businesses with diverse leadership teams benefit from a broader range of perspectives, more creative discussions, better decision making and stronger financial performance. In our own business, half of our employees are female and we have over 40% female representation at Board level. As a team we are proud to sign up to the ‘Voluntary Code of Conduct for Executive Search Firms’. It is our responsibility to promote the highest standards of conduct in our industry, and by becoming a signatory to the Code we are demonstrating this commitment to our clients, candidates and the wider business community as well as setting high standards of expectation for our team.”

Some recent examples of Directorbank’s female appointments include the NED/Chair of Audit at dotdigital plc, Chair at Diaceutics plc, two NEDs at Gresham Technologies plc, an Audit Chair, NED and CHRO at Allergy Therapeutics plc, Group CFO at Bailie Group (privately-owned), Director of Services at Charterhouse Voice & Data (PE-backed), Group FD at Inuvi Group (PE-backed), Chief Commercial Officer at Hill Biscuits (PE-backed), and MD at The LivingCare Group (privately-owned).

Should you like more information, please email Nicola at update@directorbank.com.