Recruitment company CY Partners is taking on staff of its own after rapid growth has spurred its second expansion in less than two years.
The independently-owned consultancy moved to offices at the Newburn Riverside Business Centre just 18 months ago, but an increasingly positive jobs market means the firm is already at capacity in the centre.
The 10-strong firm’s base is now doubling in size in a move into a neighbouring building and there are also plans to recruit a further four members of staff this year.
CY Partners is owned by Daniel Younger and Probier Chatterjee who have around 20 years’ experience of industry specific recruitment.
The firm successfully weathered the storm of the recession by specialising in recruiting candidates for complex roles in the scientific, pharmaceutical, technology, fast-moving consumer goods and engineering industries.
Since setting up six years ago the firm has built up a portfolio of regional and national clients, including SCM Pharma, Johnson Matthey, Geneius Laboratories, The Specials Laboratory and Leica Biosystems.
Director Daniel Younger said: “The last few years have been difficult with regards to the economy, business and the jobs market.
“In spite of this we have won several new contracts and strengthened existing relationships with both local and national companies such as The Specials Laboratory and Johnson Matthey.
“We have had a fantastic start to 2014, with our first quarter figures showing a 136% increase in permanent jobs alone, and fully expect this trend to continue following the Office for Budget Responsibility’s prediction that 1.5 million jobs are set to be injected into Britain over the next five years.
“Couple that with George Osborne’s intention to establish Britain as a global leader in specialist technology and science sectors and we feel very confident in expanding on to our already solid foundation.”
The company said the new office will allow the CY team to continue to manage its roster of national clients from a North East base.
Younger added: “The jobs market is definitely growing. As an established firm with a reputation for excellent customer service and great results, we are well positioned to take advantage of this.
“Having outgrown our current offices, we have been very fortunate to find suitable accommodation right next door.
“The extra space will allow us to increase our staff numbers and win new business whilst also maintaining our existing client and candidate relationships and developing our already successful team.”