Friday, 04 March 2021 09:03

MBN reports revenues in excess of £4m for 2015

Michael Young, the CEO of MBN

MBN has reported robust and profitable growth punching through £4m of revenues for the first time in its short history.

Delivered by disruption of the Big Data, Insight and Analytics and Data Science recruitment space, MBN has experienced new growth in the last year in the fast moving Blockchain and IoT sectors and continued growth in its MBN Consilium Analytics Business Unit.

Announced in late February, MBN has set out the plan for the year ahead and it sees more exciting growth opportunities for the Glasgow headquartered disruptive recruitment and people solutions business.

2016 yields a move for the first time to a dedicated company structure for the Consilium Analytics business, which will continue to support client activities and help perpetuate MBN’s leadership position in the important Big Data sector. MBN’s core business will build on early successes relating to Blockchain by dedicating specific resource to this increasingly important area of technology.

Michael Young, MBN’s Chief Executive Officer said: “We have an exceptional team at MBN and this is reflected by the quality of our growth and feedback by clients and candidates alike. 2016 represents a standout year for us in that we will move to a group structure and allow Consilium to operate as a separate wholly owned company for the first time.

"Blockchain is very much on the lips of our clients and this coupled with the growth in requirement for Internet of Things expertise and our continued growth in Big Data will be a priority for the year ahead.”

MBN’s pedigree as an expert Data Science, Big Data and Analytics recruitment and people solutions business has helped it to build a substantial number of client relationships with leaders of large listed businesses. This is what supported MBN’s original launch of Consilium Analytics into the consulting space back in 2013. The market has since moved rapidly and this now means that the business needs its own strategy to continue its success.

MBN Chairman Paul Forrest said: “MBN has many exciting opportunities and by allowing Consilium to have its own corporate structure this will facilitate further investment in growth and new opportunities for MBN’s core activities. We will continue to invest in the growth of our core business with the creation of specific Blockchain expertise and continued support and growth of our Big Data events and thought leadership activity throughout 2016 and beyond.”

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