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We help recruitment agencies focus on their business

Recruitment agencies need to pay temporary workers and contractors while waiting for their invoices to be paid. At the same time, they need to manage the day-to-day running of back office administration and timesheet management. Each has different implications for their cashflow and time to focus on developing their business. Recruitment Finance can help you by releasing cash from your invoices and freeing up your time to concentrate on your business.

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How Recruitment Finance can help your business

Recruitment Funding is ideal if you need to pay temporary workers and contractors while waiting for your invoices to be paid. At the same time, if you want to reduce your overheads and use your time more efficiently, we can manage the day-to-day running of back office administration and timesheet management.

Our clients also value the reassurance that by working with us, they are complying with all appropriate legal and regulatory requirements. 


Our back office support

Our back office support team works on your behalf, freeing up your time to focus on developing and growing your business. Our service includes:

  • Completing end of year payroll returns such as forms P35 and P60 forms
  • Calculating net wages and salaries payable
  • Calculating and paying amounts payable in respect of PAYE, National Insurance and VAT

  • Preparing and sending payslips
  • Maintaining statutory pay and statutory maternity records
  • Preparing and issuing supplier invoices using your company letterheads

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Is your businesses suitable for Recruitment Finance?

Your business could be suitable for Recruitment Finance if you:
  • Yes: are a recruitment agency
  • Yes: issue your clients with credit terms of between 30 and 90 days
  • Yes: want a third party to manage your back office administration and timesheet management
Get a Quote

Features and Benefits of Recruitment Finance

Features:

  • Release up to 100% of the cash in your invoices with Recruitment Factoring
  • No long-term contracts and one simple fee as a percentage of your turnover
  • Support with back office and payroll management through our partners of 10 years, RSM Employer Services Ltd, the largest pay and bill provider in the UK
  • Optional Bad Debt Protection

Benefits:

  • Speed: access to cash within 24 hours
  • Expertise: dedicated support from an integrated back office and finance solution
  • Time: we manage your back office support service so you can focus on managing your business
  • Simplicity: one simple bundled fee means you can budget with ease
  • Flexible: one-month rolling contract gives you the option to cancel at any time
  • Industry knowledge: our team of experts have a detailed understanding of the sector having worked in, and directly with, recruitment agencies themselves
  • Personal: a relationship based approach backed by our Service Promise
  • Convenience: check your funding and access to real-time reports at any time with our 24/7 Client Online service
  • Security: option to protect against customer insolvency with Bad Debt Protection

After a year in business, Bibby Financial Services was recommended to find out how they could help my business grow. Realising that I could outsource my administration and free up time to build client relationships was a no-brainer. Knowing they’re on top of all the regulatory requirements gives me peace of mind. Existing Recruitment Finance client

How Recruitment Finance works

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Invoice your customers

And send a copy to us

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We pay up to 100% of the value of your invoice

Within 24hrs, allowing you to pay your staff, suppliers and take on new orders

Contact

We collect payment

Leaving you to focus on running your business

Payment

We pay you any remaining balances

Minus any agreed fees