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Logical Resources Announce Equity Funds

Logical Resources Announce Equity Funds

Logical Resources has completed an equity fund raising exercise to enable the company to embark on a strategy to grow the business through an expansion of its office network, adding new consultant staff and an entry into new market segments.

The Leeds based company has seen an upturn in demand for it services which are currently focussed primarily on the recruitment of sales professionals for clients in the business to business support services sector.

Following completion of the transaction, Ian Thornley has joined the Board of the company alongside the current Directors and existing shareholders Robert Carlton and Gillian Dumigan.

Commenting on the investment and Ian Thornleys appointment to the Board, Robert Carlton said we are very excited to have Ian join our organisation at a critical juncture in the companys development. His strategy development and execution skills and his leadership experience will be a great asset as we implement our strategy.

Gillian Dumigan said Ian is a first class executive with a very strong track record of achievement, both within the recruitment and staffing sector and the wider support services sector generally. I am confident that Ian will add great value to the company and our team as we implement the next phase of our growth strategy.

On his appointment Ian Thornley said it is clear that Logical has a very strong, dynamic and focussed management team and it operates in an attractive and highly scalable market segment. The business has adapted well through the downturn, has good current momentum and is well placed to grow through the cyclical upturn. We anticipate supplementing growth in our core service offering through selective entry into new professional disciplines for clients in the support services space.

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