Invoice Finance for the Recruitment sector
Invoice Finance can help your recruitment business
Placing candidates then waiting for clients to pay, needing to pay temporary workers, and more generally meeting your day to day financial commitments all rely on having the cashflow to match the demands.
And that’s before you even start thinking about trying to grow your business. Driving growth may require even more cash availability to commit to taking on new contracts.
Invoice Finance can provide your business with a more reliable and timely injection of cash, avoiding the need to wait for customer payment.
If you want to free up your internal resources to focus on other aspects of managing the business, you can also choose back office and payroll support services alongside your funding.
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What is Invoice Finance
How does it work?
Invoice your customers
Access your funds
Get paid the remainder
Key Benefits
Fast
Flexible
Secure
How we have helped other businesses
We’ve been supporting businesses for over 40 years, many in the recruitment sector…
£8 million
We supported an established recruitment business through a re-structure with an £8m Invoice Discounting facility. The business was hard hit by the pandemic and our support enabled the management team to take the business forward, as well as secure the employment of circa 2,000 workers.
- Industry:
- Recruitment
- Solution:
- Invoice Discounting
£100k
We supported a new-start temporary recruitment business specialising in the haulage industry with a £100,000 Factoring facility. Our funding was needed to help the business free up cash to meet their weekly payroll.
- Industry:
- Recruitment
- Solution:
- Invoice Factoring
£7 million
We provided a group of Manchester-based businesses in the recruitment industry with a £7 million funding line to support their growth aspirations. To maximise the support we provided, our solution was made up of a £6.7million Invoice Discounting facility alongside a £350,000 Cashflow Advance.
- Industry:
- Recruitment
- Solution:
- Invoice Discounting with £350k Cashflow Advance
£14 million
We supported a Midlands-based recruitment company with a £14 million Invoice Discounting facility, which helped to secure the jobs of 1,200 staff and temporary workers. Our funding has ensured the business has long-term working capital to support their growth and development aspirations.
- Industry:
- Recruitment
- Solution:
- Invoice Discounting
£150k
We supported a temporary recruitment business based in London with a £150,000 Invoice Factoring facility to help pay staff wages. Time was of the essence for the client in terms of receiving funds quickly. We were delighted to be able to provide them with access to their cash within 5 days of receiving their initial enquiry.
- Industry:
- Recruitment
- Solution:
- Invoice Factoring
£14 million
We supported a specialist automotive employment agency with a £100,000 Recruitment Finance facility to help them move from their current provider and support their future growth. Our facility provides increased flexibility of funding, with a back-office solution for managing candidates.
- Industry:
- Recruitment
- Solution:
- Invoice Finance with back office support
Download our guide for further details about our Invoice Finance solutions
