Season 6 | Ep 22 – Paul Sammeroff on how starting a rec business with two strangers backfired within 3 years!

11 March 2023|In Podcasts|By Sean Anderson

On this week’s show, I’m joined by Paul Sammeroff, the Founder and Director of PAS Capital, a specialist recruitment firm headquartered in Glasgow that exclusively operates within the oil and gas markets.

Paul’s business is only three years old with just under 20 staff at the moment. What’s really interesting is the story that Paul’s been through in those last three years. 

He founded the company in January 2020, just before the pandemic, in partnership with two guys that he didn’t know. He was introduced by a rec to rec. 

One of the guys had recruitment experience, the other had cash and Paul drove their everyday operations. Together they created a business, but Paul quickly realised that this wasn’t becoming the partnership he had planned for. 

Sadly, the relationship didn’t work out and this led to serious strain on Paul, both in business and with his mental health. By the end of 2022 last year, Paul had decided that enough was enough – he was ready to walk away and leave the business or buy out his partners. 

In this episode, Paul breaks down everything that he did, all the challenges he faced, and how he got to a positive outcome.

I’m delighted for Paul that he’s in a place that he’s happy with, and I’m super excited for people to listen to this and learn the do’s and don’ts of going into partnership with investors and anyone when launching a new entity. So sit back, relax, and enjoy the show!