• Business name: Pearson Anderson
  • Location: Leicester
  • Sector: Recruitment
  • Turnover: £10m
  • Funding provided: £1.4m
The experience and knowledge of those at BFS really stood out to us. The Recruitment Finance team was able to provide us with an offering that worked in-line with the operations of our business, and that was crucial when making our decision to choose them as our financial partner. Amit Kainth, CEO at Pearson Anderson Ltd

Recruitment Finance and Bad Debt Protection help fuel ambitious growth plans

About the company

Based in Leicester and founded in 2009, healthcare recruitment firm, Pearson Anderson, is managed by CEO Amit Kainth.

The business began by placing pharmacists from the UK and Europe into companies, before expanding its offering in the fields of optometry, nursing and healthcare assistants and support workers. The business also began franchising in July 2015 and successfully oversaw the creation of several franchises operating in the care industry.

As well as a large independent portfolio, Pearson Anderson also has contracts with organisations including Bupa, Four Seasons, HC one, Avante Car and Care UK. The business was awarded the NHS framework to supply healthcare professionals to over 1,400 trusts across the UK.

Pearson Anderson has a head office function in Leicester with 30 staff members, as well as training staff who are sent out nationally to support local offices.

 

The challenge

Pearson Anderson is an ambitious company which saw an opportunity to grow at a time when the UK Government relaxed the visa rules for doctors and nurses. With a network of recruiters across Europe, Pearson Anderson was well placed to help find the talent the UK needed.

Amit Kainth, CEO at Pearson Anderson Ltd, said: “In order for us to expand our services, we recognised that we needed to prioritise our efforts to drive growth over the next few years. 

“To free up new time for us to focus on this, we needed additional support in back office functions such as payroll management and daily administration.”

In order for us to expand our services, we recognised that we needed to prioritise our efforts to drive growth over the next few years. Amit Kainth, Pearson Anderson

Our solution

Pearson Anderson needed support in payroll management so looked to Bibby Financial Services (BFS) to structure a Recruitment Finance and Bad Debt Protection funding package. 

The structured funding line ensured that payroll is effectively managed by a designated BFS back office support team and the business was supported in the event of debtor non-payment as a result of protracted debt or insolvency. 

This arrangement allowed Pearson Anderson to free up time to prioritise growth and concentrate on offering services to new clients.

Mr Kainth added: “The experience and knowledge of those at BFS really stood out to us. The Recruitment Finance team was able to provide us with an offering that worked in-line with the operations of our business, and that was crucial when making our decision to choose them as our financial partner.”

Paul Fraser, UK Sales Director, Specialist Finance, Bibby Financial Services said: “Pearson Anderson is a market-leading healthcare recruitment agency that has experienced substantial levels of growth since its incorporation.

“Our team worked closely with Amit and his team to structure a Recruitment Finance offer that suited their business, allowing the company to pay suppliers and staff, and to concentrate on the areas in which they wish to develop over the coming years. 

“This, alongside back-office administration and payroll support, will allow Pearson Anderson to grow and prosper, and maintain their reputation as a market leading recruiter.”

“Our team has worked closely with Amit and his team to structure a Recruitment Finance offer that suited their business, allowing the company to pay suppliers and staff, and to concentrate on the areas in which they wish to develop over the coming years."

This will allow Pearson Anderson to grow and prosper, and maintain their reputation as a market leading recruiter. Paul Fraser, Bibby Financial Services





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