New CEO buys Harris Hill

A recruitment company that provides staff to charities and not-for-profit organisations has a new chief executive following a multi-million pound deal.

Aled Morris will now lead Harris Hill’s existing management team following the buy-in, which was backed by YFM Private Equity.

YFM provided £2.1 million with its Chandos Fund investing £1.5 million. The balance was satisfied by the British Smaller Companies VCT. The group’s investment was complemented by debt provided by HSBC.

Harris Hill was sold by husband and wife team Steve and Julie Hill. They decided to sell the company to someone who could take the business to the next level of growth.

Morris has experience of the recruitment industry through his work with Office Angels, Spherion and the Angela Mortimer Group. He is joined on the board by new chairman James Wellesley Wesley, who has provided corporate finance advice to the recruitment sector for more than 20 years.

This is the second investment YFM has made from Chandos following its £3.5 million investment in a buy-out at fitted kitchen specialist Harvey Jones last month.

Harris Hill, which is based in Kingston Upon Thames, Surrey, has been providing permanent and temporary staff to its target markets for the past 11 years.