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Access XCE’s financial data, regulatory filings, governance documentation, and treasury metrics.
Everything investors need to evaluate XCE as a UK-listed operating company built around executive recruitment, capital markets capability, and a Bitcoin-backed balance sheet.
The opportunity
Executive recruitment is a global industry worth hundreds of billions of pounds, yet remains highly fragmented.
Thousands of independent firms operate across specialist markets, many facing succession planning challenges, increasing operating costs, and growing competition for talent. Private equity rarely targets businesses of this size, trade buyers are scarce, and management buyouts are often difficult to execute.
XCE is building a different model: acquiring established recruitment businesses and allowing them to remain independent while providing the capital, infrastructure and support to grow. For owners, it creates a credible exit. For XCE, it creates an opportunity to build a diversified group of high-quality recruitment businesses without forcing them into a single operating model.
Treasury
The first and only international executive recruitment group with an integrated Bitcoin treasury.
At its core, XCE acquires and operates profitable recruitment businesses. On top of that foundation, the group combines operational expertise, capital markets capability, long-term ownership incentives and a Bitcoin-backed balance sheet to create a self-reinforcing growth model.
Bitcoin treasury companies are pioneering new approaches to capital allocation in public markets. XCE applies these capital markets tools to an operational growth strategy. Public markets access, long-term equity incentives and an integrated Bitcoin treasury give the group additional tools to attract talent, acquire businesses and strengthen the balance sheet.
XCE acquires profitable, owner-managed recruitment firms and allows them to remain independent. Owners, teams, brands and cultures stay in place, while each business continues to operate autonomously. XCE provides permanent capital and central infrastructure to support growth, without forcing integration or imposing a single operating model. For owners, this creates an opportunity to realise value from the business they have built without giving up the independence that made it successful.
The XCE investment case
Built by operators with recruitment, Bitcoin, and capital markets experience
XCE acquires profitable recruitment businesses and combines them with an integrated Bitcoin treasury strategy and public-market infrastructure inside one listed group.
The recruitment businesses, each with its own brand, clients, and culture, generate revenue, attract ambitious talent through earned ownership, and support treasury expansion over time. A stronger balance sheet improves XCE’s ability to attract recruiters, raise capital, pursue acquisitions, and support long-term growth. Together, both sides of the model are designed to reinforce one another and strengthen long-term shareholder value creation.
Three engines. One strategy.
Executive recruitment
- Generates revenue and cash flow
- Attracts high-performing recruiters
- Creates acquisition opportunities and supports the consolidation of high-quality recruitment businesses
- Expands the group’s network and reach
Bitcoin treasury
The long-term reserve asset
- Strengthens the balance sheet
- Aligns management and shareholders around long-term value creation
- Creates exposure to Bitcoin adoption
- Supports growth in Bitcoin per share over time
Capital markets capability
The growth accelerator
- Provides access to growth capital
- Supports acquisitions and expansion
- Enables future treasury initiatives
- Helps scale the platform beyond the limits of a traditional recruitment business
Executive recruitment
- Generates revenue and cash flow
- Attracts high-performing recruiters
- Creates acquisition opportunities and supports the consolidation of high-quality recruitment businesses
- Expands the group’s network and reach
Bitcoin treasury
The long-term reserve asset
- Strengthens the balance sheet
- Aligns management and shareholders around long-term value creation
- Creates exposure to Bitcoin adoption
- Supports growth in Bitcoin per share over time
Capital markets capability
The growth accelerator
- Provides access to growth capital
- Supports acquisitions and expansion
- Enables future treasury initiatives
- Helps scale the platform beyond the limits of a traditional recruitment business
Share price chart
Results, reports & presentations
Download the latest financial reports, governance documents, investor presentations, and regulatory announcements.
Reports & Presentations
Annual reports, investor presentations, interim results, and capital markets materials.
Admission Document
Board composition, governance framework, AQSE Rule 4.14 disclosures, and admission documentation.
RNS & Regulatory News
Live regulatory announcements, investor communications, and company updates.
Meet the leadership team
XCE’s leadership team combines expertise across executive recruitment, public markets, corporate finance, governance, and Bitcoin. Together, they provide the experience required to execute the group’s long-term growth strategy.
Scott Ellam
Founder & CEO
Angus Gladish
Chief Financial Officer
Richard Byworth
Board Advisor
Sam Roberts
Non-executive Chairman
Adam Back
Strategic Investor
Joe Bryan
Bitcoin Education Advisor
Vijay Selvam
Non-executive Director
Download the XCE Corporate Presentation
Our latest investor presentation covers the full investment case: BTC treasury strategy, BTC per share data, governance overview, and the Spencer Riley business.
