ABOUT

WHO IS MAYACHI?

MAYACHI LTD is a consultancy company that provides an incredible ALL-IN-ONE Non-Executive Finance Director service for new start-ups and SME Recruitment Agencies in the UK.

Often, Recruitment Agencies are started by top-billing recruiters who have the knowledge and skills to make placements but often have a limited understanding of the financial aspects of running a recruitment business.

The ALL-IN-ONE service provided by MAYACHI is aimed at educating and advancing these Directors’ financial knowledge, so that they can effectively use their numbers to understand how their company is performing and use them to achieve their business targets.

Understanding the financial responsibilities of running a recruitment agency often starts before the company is formed so MAYACHI also works with aspiring Directors prior to starting their new business, so that they get the best start possible.

Once the new agency is underway, MAYACHI works with the Directors to understand their company figures and HMRC liabilities and create projections to help achieve the financial targets the directors want to achieve.

WHAT SERVICE DOES MAYACHI OFFER?

MAYACHI's integrated service includes delving into the following keystone aspects of every successful Recruitment Agency:

Company Formation Advice
Financial Reporting Analysis
Monthly/Quarterly Board Meetings
Invoice Finance Comparison
Business Planning & Projections
Internal Finance Department Review
Agency Sale Preparation

MAYACHI’S EXPERIENCE

MAYACHI is jointly led by Stewart Roberts and John Hetherington, who have over 40 years of combined experience with back office, funding and accounting of recruitment agencies. Read on to discover the remarkable career journeys of this dynamic duo.

STEWART'S CAREER JOURNEY

Stewart’s first role within finance in 2000 was with Liberty Bishop’s Limited and umbrella service as their Internal Audit Administrator before progressing to manage Monex Solutions, which provided a pay-and-bill solution to new start recruitment agencies.

In 2005, Stewart was offered the position of Financial Controller at MSI Group Ltd, where he was responsible for the day-to-day operations of the pay-and-bill, compliance, administration, and accounts team as the agency grew from £1.8m to £15m turnover.

In 2009, Stewart was approached to become the Commercial Director at Total Back Office Solutions Ltd (TBOS), where, over 13 years, he helped to grow the business to look after the outsourced back office, funding, and accountancy of over 120+ recruitment agencies with a combined turnover of £243m with 33 internal staff. During this time, Stewart helped to set up over 250+ recruitment agencies and set up over 50+ invoice finance arrangements. Within TBOS, Stewart helped set up a pay-and-bill funding solution (TBOS Contracting Solutions Ltd), which helped finance UK and overseas placements in over 170+ countries and in 15 different currencies alongside an umbrella company service (Protek Pay Ltd).

In early 2023, the TBOS Group was sold, and Stewart remained onboard for 5 months to help with the transition before taking 5 months out in August 2023 to look after his new daughter and evaluate his next project.

In January 2024, MAYACHI was born to use Stewart’s 13-year knowledge to provide Non-Executive Finance Director services to new and existing recruitment agencies.
After completing his studies at the University of Manchester, John began a full-time career in a graduate programme within the wine trade, working across many commercial and operational aspects of a business.

JOHN'S CAREER JOURNEY

John then transitioned into the tech sector, joining an established global timesheet software provider with a £5 million turnover, where he progressed to Managing Director.

Moving on to a new challenge, John moved into running the startup Practical Software, which was taking to market a brand-new end-to-end back-office platform for recruitment businesses and umbrella companies. Wearing many hats, he was deeply involved in all areas of the business, growing the client base, shaping the product and new features, and managing day-to-day operational needs. In the post-COVID era, with demand for outsourcing, the business evolved from a pure software provider into a managed service operation.

After five years, John joined the newly formed umbrella company Payday Cloud, where he helped build the business from the ground up. Over 18 months, he managed client payroll operations and established a new sales team before taking a career break with the birth of his first child.

John joined MAYACHI with nearly a decade of experience supporting recruitment clients across software, back-office, managed services, finance, payroll and umbrella solutions to help business owners take their recruitment agencies to the next level.

MAYACHI’S INCREDIBLE GROWTH!

MAYACHI has since grown into a successful consultancy business providing help and support to new and existing recruitment agencies. Stewart and John have held over 150 free 2-hour consultancy sessions with recruitment agencies and have engaged more than 35 recruitment agencies to provide an ongoing non-executive finance service. The client successes have come from helping agency owners understand their financial numbers, review their current back office and accounting services, explore alternative funding arrangements, enhance their offering in the contractor or international space and/or help to plan for a future exit.

£0 SAVED

FOR CLIENTS TO DATE

saved via costs savings, funding management and advisory
An average £8,800/client!

WHERE DOES THE NAME MAYACHI COME FROM?

MAYACHI is formed from the names of Stewart’s children, Malachi and Maya, who mark two defining chapters of his professional journey.

Malachi arrived at the very beginning of Stewart’s career, a time of learning, growth and problem-solving from the ground up. Maya was born more recently when Stewart chose to channel his wealth of experience into launching a new business built around clarity, confidence and results.

Bringing their names together represents more than a family connection; it reflects the values at the heart of MAYACHI: long-term thinking, trusted relationships and practical solutions. These values guide how Stewart and now John help recruitment agencies turn ambition into action, overcome challenges and build strong, sustainable financial solutions that yield growth and success, ultimately taking your businesses to the next level.