£325k dedicated recruitment finance support for Bristol based consultancy business
Our South West team have secured recruitment finance funding of £325k for an IT recruitment agency. The Bristol based business has grown tremendously, turning over in excess of £6m.
This company provides highly-skilled consultants on placement with large well-known businesses across the UK. The IT consultants, who range from entry level to directors, are all employed on a temporary contract or permanent basis. The business required funding to support growth and increase cashflow efficiency.
Bibby’s understanding of the recruitment industry, together with a dedicated recruitment funding product, the business back-office support and the cashflow they required to improve their processes and expand.
Nick Risdale, business development manager, said:
“This is a successful business who was facing the same challenges as many others within the recruitment sector. A gap remains between paying the contractor and being remunerated from the client. Bibby’s recruitment finance is tailored to the industry, and will see this business continue to thrive.”