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Business & Economy

Serios Group poised for expansion after exceeding first-year forecast

A North East firm is embarking on a new scale-up strategy after exceeding its first-year revenue forecast.

Serios Group, which is based in Newcastle, plans to recruit seven new employees in the coming weeks, as part of its growth plans.

Founded just a year ago, the company has navigated its way through the COVID-19 pandemic and set ambitious growth targets, including increasing head count to 30 within five years.

Serios Group specialises in the delivery of professional services across multiple industry sectors, focusing on business intelligence, data analytics and quality assurance.

Its founding directors, Lee Rorison, Paul Davison, David Milnes and Antonio Nigrelli have experience delivering projects for blue-chip organisations.

The company also recently announced the appointment of entrepreneurial investor Neil Stephenson as non-executive director.

Neil is an active investor in the North East tech sector and holds several board positions across the business community.

Serios’ growth has been supported by advice from Newcastle-based Ryecroft Glenton (RG), utilising its ‘Outsourced | FD’ solution.

Lee Rorison, CEO of Serios Group, said: “Having established a business prior to a global pandemic, we are very pleased with our achievements at the end of our first year.

“Increasing demand for our services is the driving factor in our decision to grow and create new jobs.

“We are really pleased that Neil has agreed to join us as a non-executive director.

“His support and advice will play a significant part in our scale-up strategy and we are grateful to RG’s partner and head of corporate finance, Carl Swansbury who has provided us with strategic advice over recent months, while introducing us to Neil.”

Dan Cooper, director and head of Outsourced | FD at RG, added: “We were introduced to Lee Rorison of Seriös Group in early 2020 and were engaged to provide a fully operational outsourced finance function to the business, through RGs Outsourced | FD division, to support the shareholders in achieving their set five-year plan.

“I am delighted to be working with the company and the four founding shareholders on what I see as being an extremely exciting journey over the coming years.

“Despite the difficult times we have all had to face over the last 12 months, I am pleased that Seriös Group has been able to surpass its first-year targets, through the hard work of the shareholders, and it is great to see the business continuing to go from strength to strength.”