New Street Consulting Group (NSCG) Market Research Report

Background

Overview

New Street Consulting Group (NSCG) is a UK-based people advisory consultancy specializing in leadership consulting and talent solutions. With over 40 years of experience, NSCG has built lasting relationships with numerous world-leading organizations, recruiting, assessing, and developing over 10,000 leaders and executives.

Mission and Vision

NSCG's mission is to enable individuals and organizations to fulfill their full potential. The company aims to provide comprehensive talent solutions that address complex organizational challenges, fostering growth and transformation for its clients.

Primary Area of Focus

NSCG offers a range of services, including executive search, interim management, leadership assessment and development, agile talent solutions, and talent strategy consulting. These services are designed to enhance leadership capabilities and build effective teams across various sectors.

Industry Significance

NSCG is recognized as a leading provider in the leadership consulting and talent solutions industry. The company has been ranked as the No.1 Interim Service Provider in the Institute of Interim Management’s annual survey for consecutive years, reflecting its strong position in the market.

Key Strategic Focus

Core Objectives

NSCG aims to double its turnover within the next five years, building on its strong foundation and expanding its services both domestically and internationally.

Specific Areas of Specialization

The company specializes in:

Executive Search and Interim Management: Sourcing senior executives and interim managers to drive transformation and support mission-critical projects.

Leadership Assessment and Development: Assessing leadership teams and providing development programs to enhance leadership effectiveness.

Agile Talent Solutions: Deploying blended teams of contractors and permanent professionals for major projects and outsourced recruitment services.

Talent Strategy Consulting: Advising businesses on talent strategies to increase agility and reduce costs.

Key Technologies Utilized

NSCG employs advanced methodologies, including data analytics and behavioral science, to inform its talent strategy consulting and leadership assessment services. The company has also developed proprietary tools like the Return on Interim (ROI) methodology to monitor and measure the performance of senior interim assignments.

Primary Markets or Conditions Targeted

NSCG serves a diverse client base across various sectors, including financial services, healthcare, housing and local government, manufacturing and engineering, retail and leisure, infrastructure and support services, and private equity-backed businesses.

Financials and Funding

Funding History

NSCG has raised a total of $8.3 million in debt financing, with the most recent round completed in August 2024.

Notable Investors

White Oak UK is a notable investor in NSCG.

Intended Utilization of Capital

The capital raised is intended to support NSCG's growth strategy, including expanding its service offerings, enhancing technological capabilities, and facilitating international expansion.

Pipeline Development

Key Pipeline Candidates

NSCG's pipeline includes:

Leadership Development Programs: Ongoing development of programs aimed at enhancing leadership capabilities across various sectors.

Agile Talent Solutions Projects: Deployment of blended teams for major projects and outsourced recruitment services.

Stages of Clinical Trials or Product Development

As a consulting firm, NSCG does not engage in clinical trials or product development.

Target Conditions

NSCG focuses on organizational challenges such as leadership gaps, talent shortages, and the need for transformation within businesses.

Relevant Timelines for Anticipated Milestones

The company aims to double its turnover within the next five years, indicating a strategic roadmap for growth and expansion.

Technological Platform and Innovation

Proprietary Technologies

NSCG has developed the Return on Interim (ROI) methodology, a proprietary tool designed to monitor and measure the performance of senior interim assignments, ensuring maximum return from human capital investment and better business outcomes.

Significant Scientific Methods

The company employs data analytics and behavioral science in its talent strategy consulting and leadership assessment services, providing intelligence-led solutions for enhanced ROI.

Leadership Team

Key Executive Profiles

Doug Baird: Founder and CEO of NSCG, Doug established the company in 2003 and has been instrumental in its growth and development.

Dave Lea: Managing Partner at NSCG, Dave joined the company in 2023 to lead the Talent Acquisition division, bringing extensive experience from Korn Ferry.

Leadership Changes

In December 2023, NSCG appointed Dave Lea as Managing Partner to lead the Talent Acquisition division, allowing CEO Doug Baird to focus on the long-term vision of the group.

Competitor Profile

Market Insights and Dynamics

The leadership consulting and talent solutions market is characterized by a growing demand for agile and effective talent strategies, especially in the wake of digital transformation and organizational restructuring. Companies are increasingly seeking specialized services to navigate complex talent challenges.

Competitor Analysis

Key competitors in the UK market include:

Eton Bridge Partners: Specializes in executive search, interim management, and business consulting across various sectors.

Ferovalo: Connects companies with talent in the interim management and board services sectors.

X4 Communications: Provides consultative solutions within the communications sector, focusing on talent strategies and business objectives.

Proclinical: Specializes in life science recruitment and consulting solutions within the life science industry.

These competitors offer similar services and target overlapping markets, contributing to a competitive landscape.

Strategic Collaborations and Partnerships

In December 2023, NSCG acquired The Chemistry Group, a talent strategy consultancy, to enhance its capabilities in talent strategy consulting and accelerate its international growth strategy.

Operational Insights

NSCG's strategic considerations include:

Major Competitors: The company monitors competitors like Eton Bridge Partners, Ferovalo, X4 Communications, and Proclinical to inform its strategic decisions.

Market Position: NSCG holds a strong position in the UK market, recognized as a leading provider in its sector.

Competitive Advantages: The company's proprietary tools, such as the Return on Interim (ROI) methodology, and its recent acquisition of The Chemistry Group, provide distinct competitive advantages.

Strategic Opportunities and Future Directions

NSCG's strategic roadmap includes:

Expansion Plans: The company aims to double its turnover within the next five years, with plans for international expansion.

Service Diversification: Through acquisitions like The Chemistry Group, NSCG is diversifying its service offerings to include enhanced talent strategy consulting.