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Arctic Shores: Difference between revisions

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|106,238
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|2,506
|'''2,506'''
|92,040
|'''92,040'''
|191,904
|'''191,904'''
|1,052,742  
|'''1,052,742'''
|2,111,555  
|'''2,111,555'''
|1,367,831  
|'''1,367,831'''
|62,837
|'''62,837'''
|2,733,160
|'''2,733,160'''
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|Total assets less current liabilities
|'''Total assets less current liabilities'''
|106,238
|'''106,238'''
|4,084
|'''4,084'''
|96,749
|'''96,749'''
|230,470
|'''230,470'''
|1,107,992  
|'''1,107,992'''
|2,141,371  
|'''2,141,371'''
|1,391,039  
|'''1,391,039'''
|73,759
|'''73,759'''
|2,748,631
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|Creditors: amounts falling due after more than one year
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|Net assets/(liabilities)
|'''Net assets/(liabilities)'''
|56,073
|'''56,073'''
|(47,094)
|'''(47,094)'''
|(540,826)
|'''(540,826)'''
|176,131
|'''176,131'''
|1,052,832  
|'''1,052,832'''
|2,085,097  
|'''2,085,097'''
|939,256  
|'''939,256'''
|(1,288,377)
|'''(1,288,377)'''
|1,994,336
|'''1,994,336'''
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|Capital and reserves
|'''Capital and reserves'''
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|(12,423,816)
|(12,423,816)
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|'''Shareholders' funds'''
|56,073
|'''56,073'''
|(47,094)
|'''(47,094)'''
|(540,826)
|'''(540,826)'''
|176,131
|'''176,131'''
|1,052,832
|'''1,052,832'''
|2,085,097
|'''2,085,097'''
|939,256  
|'''939,256'''
|(1,288,377)
|'''(1,288,377)'''
|1,994,336
|'''1,994,336'''
|}
|}


Revision as of 18:16, 20 October 2023


Operations

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Team

CEO & Co-Founder[1]

Robert Newry, MA (Oxon), MBA, is the CEO and Co-Founder of Arctic Shores and a passionate advocate for social mobility and hiring for potential. He has spoken on the topic of psychometrics, HR technology, and AI, appearing on national television BBC (twice) and has been quoted in several national newspapers in the UK including The Times, CityAM, and The Guardian. He has also written articles and blogs on the topic of gamification and behaviour-based assessments for many of the leading HR media outlets such as HR Grapevine, HR Today, HR News, HR Magazine, the HRDirector and Talint International.

He is campaigning for companies to Scrap the CV as the method to decide if to interview someone or not. His research through the company and discussions with multiple employers underpins his belief that the CV is a barrier to social mobility and hiring for potential.

Career pathway

Robert has a degree in Politics, Philosophy and Economics but his passion has always been for business. He started work on the shop floor in Birmingham working as a graduate trainee for an engineering company ending up as UK and Developing Markets Sales Manager. After completing his MBA, where he was a double Prize Winner, he worked in Hong Kong for Inchcape Plc, ultimately leading their document management business in China and the Philippines. He set up his first company, NewField IT in 2003, which after 8 years of growth he sold to Xerox. He co-founded Arctic Shores with his friend Dr. Safe Hammad in 2013 after a coffee discussing the inequalities of graduate hiring and the lack of innovation in the world of psychometric assessment.

Qualifications and Professional Development

He is a PRINCE 2 Practioner and certified at ITIL Foundation.

Co-founder and advisor[2]

Safe Hammad.

Chair of the Board of the Directors[3]

Adam Hale.

Chief Growth Officer[4]

As our Chief Growth Officer, Estelle drives the business forward.

Estelle is passionate about equality and diversity, improving social mobility and removing bias from the workplace and the recruitment process to make sure people get opportunities based on potential rather than privilege. Working at Arctic Shores means she can help customers address these challenges and see the positive impact that they achieve using our assessment.

Estelle is a regular contributor to various podcasts and conferences, focusing on the themes of social mobility, and ED&I in the tech and HR industry. More recently she has been a guest on Hyperengage: The Customer Success podcast.  She spoke at the IHR Diversity and Inclusion conference in June and was a guest speaker at the LATAM 2022 Talent Attraction and Selection Congress in August.

Career pathway

Her role at Arctic Shores sees her draw on 15 years spent winning hearts and minds in the consultancy space – where she co-owned and scaled a firm, pre-acquisition.

She first started her career in law before moving into political and public policy consultancy - always finding career opportunities that allow her to work towards missions she feels passionate about. Working on topics such as Olympic legacy, sustainable aviation, women in tech and engineering, and now, at Arctic Shores, she is working with our customers  PwC, BBC, and Airbus helping them to combat bias and improve social mobility by hiring for potential.

Her transition from professional services consultancy to the world of HR tech is a story of hiring for potential in its own right. Setting up and leading a Customer function in a SaaS business were completely new challenges for Estelle, but our co-founders Robert and Safe saw the potential she had to be a great CCO.

Outside of work she has held number of non-exec roles in the charity and art sectors. Her current role as Chair of ZooNation: a dance company working to reach and represent diverse audiences, allows her to combine her passion for performance and commitment to equal opportunity.

Qualifications and Professional Development

Law degree from Edinburgh University

Chair of ZooNation

Named by Cranfield University as 100 Women to Watch in 2020

Chief Product Officer[5]

As a product leader, Claire has successfully created, scaled and developed global product offerings and product teams from startup to scale-up and post acquisition, ensuring she puts the customer at the centre of all that she does.

Bringing together the disciplines and expertise of Product Management (PM), Psychometrics and User Experience (UX), the product team at Arctic Shores utilises its knowledge of neuro and data science, emerging trends, design thinking, and both customer and user needs to bring innovative, market-leading products and features to market that solve customer’s critical pain points and deliver value.

"I’m so proud to be part of the talented team at Arctic Shores and our mission to discover potential and give employers the means to see it."

Today, Arctic Shores’ assessments help the world’s most progressive businesses see beyond skills and experience and understand the potential of every candidate enabling them to counter natural bias, and build the diverse, successful, extraordinary teams to achieve their goals.

Career pathway

Claire began her career as an IT consultant at PwC. Thriving in client-facing roles including business analysis and project management on large-scale engagements aimed at driving business change through technology for media-telco organisations e.g. BT, O2, Three, Sky.

It was her desire to empower and better enable project teams that was the catalyst for moving into a new career - leveraging a multitude of transferable skills and retraining as an HR practitioner in the professional services industry.  Her role as Head of People at MakePositive (a platinum Salesforce Consulting Partner) in the late 2000s and early 2010s also provided her with a unique opportunity to bear witness to the ‘Software as a Service’ evolution from a disruptive tech to becoming a ubiquitous business model during this period.

Her move into product management with Sage / Sage People (formerly Fairsail) resulted from recognising her potential to add value to subscription software for talent acquisition and talent management - exploiting her understanding of cloud technology and agile development practices and combining this with her empathy for the pain points of an HR customer / user, to develop award winning SaaS products in the HR tech space.

Qualifications and Professional Development

Alongside her Post-Graduate Diploma (PgDip) in HR Management Claire is a Chartered Member (MCIPD) of the Chartered Institute of Personnel and Development.

VP Finance & Operations[6]

Craig qualified as a Chartered Accountant over 10 years ago with an educational background in medical science.  Craig oversees the Operations function of Arctic Shores including, Finance and Accounts, Investor Relations, Company Secretarial, People (HR), IT and Business Operations.  All these functions support Arctic Shores' operational efficiency as it quickly scales.

Career pathway

After training as an auditor at RSM UK, Craig moved into his first industry role at a mid-sized listed software company and then a large multinational corporate travel management company (TMC).

Qualifications and Professional Development

BFP ACA Chartered Accountant (ICAEW).

VP Marketing[7]

Hannah Garner.

VP Sales[8]

Kurtis-Daniel Winn

Director of Professional Services and Support[9][9]

Jill Summers is passionate about potential, diversity and the customer experience. She is a huge advocate of our ‘Scrap the CV’ initiative and believes it will accelerate social mobility and is a solution to the skills crisis. She’s worked in the field of occupational psychology for nearly 20 years; however, in this time, Arctic Shores is the only organisation where she’s seen all of her passions come to life through the company mission: ‘discover potential and give employers the means to see it’.

Jill’s role means she has the privilege of leading our Professional Services and Community & Support Teams and works with talented Business Psychologists, Programme Managers and Community Support Representatives to onboard and support customers using our products. She’s proud to be part of the team at Arctic Shores and is excited for more customers to embark on the journey of looking beyond the CV and hiring the right people, in the right way.

Career pathway

Jill began her career in 2004 in NHS Scotland’s Occupational Health Department to provide public and private sector customers with support in sickness absence management, occupational stress management and soft skills training. In 2008, Jill moved to London to work in Consulting and innovated recruitment and development practices (for graduate through to CEO level roles), across numerous Government Departments (i.e. Security Services, Home Office, Ministry of Justice etc.) and private sector companies (i.e. Capita, HSBC, RBS etc.).

In 2012, she then moved to Amberjack Global to be the Head of Assessment & Development and led a team of 8 Psychologists and Project Managers (and 100+ freelance Psychologists / Assessment Specialists). This role allowed Jill to work on global redesign projects which delivered ROI and secured renewals for companies such as GSK, Unilever, Tesco, EY etc. After nearly 5 years at Amberjack, Jill joined Arctic Shores as the Head of Customer Solutions and then as the Director of Professional Services & Support to combine her passions of potential, diversity and customer experience.

Qualifications and Professional Development

Jill studied at the University of Edinburgh and the University of Northumbria at Newcastle for her BSc in Biological Sciences (Hons. in Psychology) and MSc Occupational Psychology respectively. During her MSc she completed Test User qualifications for ability and personality tests and is trained to use a number of tools across early career & Board level roles. Jill also has training in coaching, assessment centre management and project management.

Director of Engineering[10]

Alex Richardson.

Head of Customer Success[11]

Federica Rusmini.

Head of Psychometrics Output[12]

Fiadhna McEvoy

Senior Psychometrician[13]

Luke Montuori is a psychometrician at Arctic Shores. Psychometrics is the field of study that’s concerned with measuring psychological constructs. Psychometricians can be found in a range of industries - from health, to education, and of course people management - building new ways to measure things about people, refining pre-existing measurement tools, or exploring what these instruments tell us about people’s behaviour.

"Being a psychometrician at Arctic Shores comes with a broad set of responsibilities. First, we need to identify psychological constructs that are both meaningful and commercially relevant. Once we’ve identified a construct of interest, we then have to figure out how to measure those constructs. From there I work with a team of colleagues in areas such as UX, software development, data science, and customer services, to build products that provide value to our users - candidates and clients alike."

Arctic Shores has been the ideal place to pursue a career in psychological product development. Building truly innovative product requires the ability to explore new ideas, a degree of independence, and the safety to fail. At the same time, getting a product built requires a commitment to collaboration and compromise. All of these (sometimes competing) endeavours are really enabled by the culture at Arctic Shores, where we explicitly value Making a difference, Growing together, and Exploring always.

Career pathway

After completing his Psychology degree at the University of New South Wales (Sydney, Australia), Luke found himself compelled to carry on further research into the neurobiology of learning and memory. To him, these processes are some of the most fundamental to understanding how people behave. So from there he moved to the United Kingdom, and completed his Ph.D. in behavioural neuroscience at Cardiff University. There he conducted research into the nature of representation formation, answering questions about how the most basic and unassuming perceptual experiences are themselves able to change the way we see the world.

After completing his Ph.D. he made the decision to move into a more commercial setting, and began working as a psychometrician at a traditional psychometric test publishing company. There he picked up the skills and knowledge required to be a psychometrician.

A few years into his career change Luke was attending the annual conference of the British Psychological Society’s Division of Occupational Psychology. It was there he first met some of the Arctic Shores science team, conversing late into the night about the history and philosophy of psychology as a science, and what that meant for commercial applications of psychology. Soon after, he was recruited by Arctic Shores to work on legacy aptitude products. Since then the opportunities available to him and the scope of his role have only increased. Most recently this can be seen in the roll out of our next-generation fluid intelligence levels. Currently, he is driving the development of new levels designed to measure novel psychological constructs in innovative ways. Here, he has had the opportunity to contribute to peer-reviewed journals and cultivate sides of me that wouldn’t necessarily be valued in other organisations. Working at Arctic Shores gives him the perfect opportunity to combine his specific academic background with the skills he has developed as a psychometrician.

Qualifications and Professional Development

In addition to his BSc (Psychology honours first class), and Ph.D. (Psychology: Behavioural Neuroscience), Luke is also a BPS Chartered Psychologist (CPsychol.), and holds the BPS Test User certificates (Ability, Personality). Outside of his work at Arctic Shores, he runs his own consulting business.

Though most of his published works reflect his Ph.D. topic, Luke has recently begun to publish again, as a result of research activities at Arctic Shores. In addition to his publications, he has been fortunate enough to present some of his previous research at international conferences, such as the meeting of the Spanish Society for Comparative Psychology, and the Associative Learning Symposium

Competition

Market

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Financials

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2014[14] 2015[15] 2016[16] 2017[17] 2018[18] 2019[19] 2020[20] 2021[21] 2022[21]
Fixed assets
Tangible assets 0 1,578 4,709 11,391 28,075 29,816 23,208 10,922 15,471
Investments 0 0 0 27,175 27,175 0 0 0 0
0 1,578 4,709 38,566 55,250 29,816 23,208 10,922 15,471
Current assets
Debtors: amounts falling due within one year 984 48,304 24,033 330,032 770,097 460,046 539,983 810,434 701,411
Cash at bank and in hand 107,538 7,231 113,894 295,829 1,250,069 2,959,316 2,850,864 1,990,652 5,480,754
108,522 55,535 137,927 628,861 2,020,166 3,419,362 3,390,847 2,801,086 6,182,165
Creditors: amounts falling due within one year (2,284) (53,029) (45,887) (436,957) (967,424) (1,307,807) (2,023,016) (2,738,249) (3,449,005)
Net current assets 106,238 2,506 92,040 191,904 1,052,742 2,111,555 1,367,831 62,837 2,733,160
Total assets less current liabilities 106,238 4,084 96,749 230,470 1,107,992 2,141,371 1,391,039 73,759 2,748,631
Creditors: amounts falling due after more than one year (50,165) (51,178) (637,575) (54,339) (55,160) (56,274) (451,783) (1,362,136) (754,295)
Net assets/(liabilities) 56,073 (47,094) (540,826) 176,131 1,052,832 2,085,097 939,256 (1,288,377) 1,994,336
Capital and reserves
Called up share capital 2 2 2 3 4 5 5 5 7
Share premium account 77,979 77,979 77,979 2,058,639 3,759,612 7,321,532 8,133,377 8,175,743 14,418,145
Profit and loss account (21,908) (125,075) (618,807) (1,882,511) (2,706,784) (5,236,440) (7,194,126) (9,464,125) (12,423,816)
Shareholders' funds 56,073 (47,094) (540,826) 176,131 1,052,832 2,085,097 939,256 (1,288,377) 1,994,336

Risks

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Valuation

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Appendix

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References and notes

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  1. ↑ https://www.arcticshores.com/meet-the-experts
  2. ↑ https://www.arcticshores.com/meet-the-experts
  3. ↑ https://www.arcticshores.com/meet-the-experts/adam-hale
  4. ↑ https://www.arcticshores.com/meet-the-experts/estelle-mccartney
  5. ↑ https://www.arcticshores.com/meet-the-experts/claire-jaques
  6. ↑ https://www.arcticshores.com/meet-the-experts/craig-humphrey
  7. ↑ https://www.arcticshores.com/meet-the-experts/hannah-garner
  8. ↑ https://www.arcticshores.com/meet-the-experts/kurtis-daniel-winn
  9. ↑ 9.0 9.1 https://www.arcticshores.com/meet-the-experts/jill-summers
  10. ↑ https://www.arcticshores.com/meet-the-experts/alex-richardson
  11. ↑ https://www.arcticshores.com/meet-the-experts/federica-rusmini
  12. ↑ https://www.arcticshores.com/meet-the-experts/fiadhna-mcevoy
  13. ↑ https://www.arcticshores.com/meet-the-experts/luke-montuori
  14. ↑ https://find-and-update.company-information.service.gov.uk/company/08589048/filing-history/MzEyODU0NTE0N2FkaXF6a2N4/document?format=xhtml&download=1
  15. ↑ https://find-and-update.company-information.service.gov.uk/company/08589048/filing-history/MzE2MTQ5OTg5OGFkaXF6a2N4/document?format=xhtml&download=1
  16. ↑ https://find-and-update.company-information.service.gov.uk/company/08589048/filing-history/MzE4NDcyNTQ2NWFkaXF6a2N4/document?format=pdf&download=0
  17. ↑ https://find-and-update.company-information.service.gov.uk/company/08589048/filing-history/MzIxOTIwNDY0NmFkaXF6a2N4/document?format=pdf&download=0
  18. ↑ https://find-and-update.company-information.service.gov.uk/company/08589048/filing-history/MzI0NTQ4NzY4NGFkaXF6a2N4/document?format=pdf&download=0
  19. ↑ https://find-and-update.company-information.service.gov.uk/company/08589048/filing-history/MzMxMDg1ODA4MWFkaXF6a2N4/document?format=xhtml&download=1
  20. ↑ https://find-and-update.company-information.service.gov.uk/company/08589048/filing-history/MzMzODc0MjM0OWFkaXF6a2N4/document?format=pdf&download=0
  21. ↑ 21.0 21.1 https://find-and-update.company-information.service.gov.uk/company/08589048/filing-history/MzM4MDUxODU2MGFkaXF6a2N4/document?format=pdf&download=0
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