Market Sector:     Recruitment
Sales turnover:    £3m
Funding Line:        £250,000

Requirement:   Relieve pressure on back office function.  Work with Australian holding company.

A new UK subsidiary of a £60m IT recruiter based in Australia wanted more than a standard invoice finance facility. The UK business was set up to service their European market and required a bespoke back office recruitment finance package which could take care of everything, allowing them to get on with the recruiting. It was also important that Australia had real time access to account information.  A bespoke facility was put in place within 48 hours allowing the business to turnover £160k in month 3 of trading and the business continues to grow.   

Market Sector:     Media
Sales turnover:    £6m
Funding Line:        £400,000

Requirement:   Provide facility for projected working capital requirements.

We were introduced to a growing VC backed digital creative advertising agency dealing with some top brand names.  They had won some very lucrative business surrounding the 2012 Olympics and required additional working capital to support their expansion.

Although the receivable security was not straightforward (they were turned away by their bank) we put together a flexible facility that provided them with the funds when they needed them with a very competitive pricing structure.

Market Sector:     Recruitment
Sales turnover:    £2m
Funding Line:        £200,000

Requirement:   Replace bank facility.  Fund difficult RPO contracts.

We were asked to assist a long established temporary recruitment company who had been utilising the services of a bank factoring company for over 15 years.  The challenge for the business was to find a replacement funder who specialised in funding the recruitment industry. They needed a funder who understood recruitment and would be happy to fund invoicing to a key Recruitment Process Outsourcer (RPO). Their existing bank factor had been funding De Poel for many years and suddenly made the decision to stop.

With our specialist knowledge of the industry we have not only been able to replace the bank factor facility but we have been able to extend funding against the De Poel contracts. In addition to this we have taken over the responsibility for running their weekly payroll administration freeing up time for the directors to concentrate on growing their business and sourcing new customers.