Mynt Recruitment refreshes its funding from Aldermore Bank
Mynt Recruitment, a recruitment business headquartered in York, has agreed a £750k combined invoice finance facility from Aldermore, the specialist lender and savings bank.
The business has been supported by funding from Aldermore since it was formed and previous facilities had already enabled the company to expand and open a second office in Hull. The new funding has been used to support the recent opening a third office in Rotherham, South Yorkshire.
Mynt Recruitment, which stands for “Meeting Your Needs Today”, employs 13 members of staff across its branches and some 250-300 temporary staff on a wide range of client assignments across the Yorkshire and Humberside region.
The business was established in 2004 as a part of a national franchise and later became independent in 2009.
Mynt Recruitment sources staff for engineering, manufacturing, production, logistics and warehousing roles within the industrial sectors, as well as administration, legal, finance and sales positions for the commercial sectors.
John Stanton, chairman at Mynt Recruitment, said:
“We’ve worked with Aldermore since we started the business, and the support they have provided has been a key driver towards our success. Expanding into different sectors and regions is crucial in the recruitment business as it helps to broaden both our client base and the number of candidates we work with so that we are able to match the right person with the right job and provide a better service for all parties. Record growth during these last three years has seen our brand go from strength to strength, but the new funding from Aldermore will enable us to continue to expand our range.”
St John Emms, relationship manager at Aldermore invoice finance, said:
“Mynt Recruitment is an ambitious business which has gone from strength to strength since becoming independent. We’re pleased to have already been able to play a part in helping the company to grow and expand into new sectors, and the additional funding we have now provided will allow them to continue their positive trajectory into the future.”
