"Quintessentially almost quadrupled staff in the regions from 22 to 84 during its financial year to 30 April 2025, according to newly released annual accounts, which again reported multimillion-pound losses and warned of material uncertainty about its future."
"The increase in staff numbers came less than a year before the conflict erupted in the Middle East with Iran retaliating against US and Israeli strikes by targeting Gulf cities including Dubai."
"Given the group's operational presence in the UAE, management has performed scenario analysis to assess the potential impact of a range of downside cases on the group's operations and financial performance."
Quintessentially, a luxury concierge service co-founded by Ben Elliot, significantly increased its staff in the Middle East and Asia from 22 to 84 before the US-Israel war on Iran. The company reported multimillion-pound losses and expressed concerns about its future. The hiring spree occurred just before wealthy individuals began leaving the region due to escalating conflict. Despite the challenges, Quintessentially plans to continue hiring and is opening a new office in Dubai, while monitoring the situation in the Gulf for potential impacts on operations.
Read at www.theguardian.com
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