Fund your ambition. Improve cashflow. Drive growth.
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Invoice Finance can help your recruitment business
We have been supporting the recruitment sector with Invoice Finance for over 40 years, and in many ways, our industries have grown together. Last year we began working with the Recruitment and Employment Confederation to see if we could help more of their members to improve their cashflow.
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. That’s before you even start thinking about trying to grow your business, which 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. Adding Bad Debt Protection alongside can also protect against the impact of customer non 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.
What is Invoice Finance?
The Bibby difference...
Trusted
Human
Experienced
Our years of experience in the recruitment sector gives us the knowledge and understanding we need to support your business better.
What our clients say...
How we have helped other businesses
£8 million funding provided
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 funding provided
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 funding provided
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