In August, Neotas reached the 6 month mark and to celebrate this milestone we thought we would share with you our journey so far – the good, the bad and the ugly (and that’s just the bosses)!
Neotas went live in February 2017. With one full-time paid member of staff and one client, we were off. We started with a new website, research techniques constantly developing, our platform constantly improving and never-ending meetings.
Our growth from that point forward has been amazing. Six months later, we now have an amazing team of seven full-time members of staff, a growing number of key strategic thought leaders, a pool of addition analytical support and an active client list of over fifteen clients. We’ve additionally built significant partnerships with a number of charities. For our primary charity, Stop The Traffik, we provide analytical support and are working with them to develop a platform which is able to identify modern slavery hotspots globally and to provide supply chain due diligence required for compliance with the Modern Slavery Act.
Our message continues to spread. Last month we completed our first exhibition stand at the inaugral Innovate Finance Growth Forum and Jenni, our Head of Research, has already spoken at a number of key events across London. We’ve focused our efforts and then through demand, refocused our efforts to meet requirements. We’ve disagreed, we’ve battled and surprisingly on the odd occasion we’ve actually agreed with each other.
We are so incredibly fortunate to have such an amazing and growing Neotas family who all as individuals care and believe in the venture as much as the initial founders did. The work we are producing is also key. Over our first six months, we have raised Amber and Red flags on 32% of all reports we have completed. Considering the vast majority of these had already undergone traditional background screenings and due diligence, this figure is huge! Even more significant is what some of those alerts have been. While our reports have actively informed decision making for investors, laywers and HR departments alike, in our most serious cases, we have been required to refer 2 cases to crimestoppers, 1 through PREVENT for concerns relating to terrorism, and 4 cases have been referred by the clients to the UK’s serious fraud office. Just when we think we’ve seen it all, we have our eyes opened once again! More importantly, all of our clients are happy! In fact we are still running at a 100% acceptance rate for clients who trial our reports in some capacity who then become clients. The road for Neotas has just begun and our team cannot wait to continue to share our experiences and this journey with you.
If you’d like to get in touch to know more or to discuss applications which are relevant to your business, please visit our website or email us on [email protected].