MGMS provides search and selection services to the construction, private banking, sports, leisure, manufacturing and retail sectors.
In 2004, MGMS was judged best search and selection company.
Mike Sheard, chairman of MGMS, said: "In order to grow, we need to be able to convert our new recruits from hungry young talent into seasoned consultants.
MGMS, which specialises in head-hunting senior and middle-ranking executives, will continue to be run by founder and chairman Mike Sheard.
MGMS has won assignments to find key senior executives for companies in the UK, Canada Switzerland and Hong Kong.