Zodeq supports high growth recruitment business to secure £1.5m facility
V7 Recruitment Ltd, a Manchester-headquartered international recruitment company, have recently agreed a 50% increase on an existing 7 figure, mixed currency credit facilities with Chester-based recruitment finance specialists, Zodeq Ltd.
The increased facilities will support significant growth for V7 Recruitment, with additional opportunities across the UK and Europe in the aviation, utilities, construction, engineering, manufacturing, and fire & security industries.
V7, who recently celebrated their 5th birthday and are headed by MD, Steve Whiston, have been a valued client of Zodeq since May 2020, having transferred to Zodeq from another provider as V7 wanted a recruitment specialist to support their expected growth at that time.
Steve Whiston, V7 MD has said, “This deal demonstrates how much of a true partner Zodeq has become over the last two years. They have been supportive throughout but particularly so during the height of the pandemic, which meant we were able to continue to increase turnover year on year despite the various challenges that were presented during that time. Their invaluable experience has really benefitted the business and we are grateful for their buy-in of our strategic vision which has a particular focus on increasing our European market share. We are thankful to Gareth, Paul and the rest of the Zodeq team and look forward to continuing the successful relationship as we focus on hitting our ambitious goals for 2022”
Zodeq and V7 are excited about the opportunities that greater funding flexibility will provide to V7 and will ensure the company continues to achieve their exciting growth plans. This includes a forthcoming move to larger Manchester offices to accommodate their ever-growing team. 2022 will be their biggest year to date!
Gareth Smith, Zodeq operations manager said, “V7 has achieved strong, managed growth over the past five years, and we are proud to have played a significant part in the success of this UK SME by providing a suitable flexible funding solution for the business. The increased facilities provided ensure that V7 have a continued, solid financial footing to achieve their ongoing aspirations for 2022 and beyond. Steve, Natalie and the whole team are a real delight to deal with and we cannot speak highly enough of them.”