Invoice Factoring allows Recruitment Company to grow its people business
A London-based recruitment service provider has grown its business from two employees to 130 employees within just three years.
Since choosing Hitachi Capital Invoice Finance in 2008 for its factoring needs, this recruiter has driven phenomenal growth and is now turning over in excess of £16million.
Their business places candidates with prestigious financial service organisations, offering clients permanent and interim recruitment services.
In order to grow its business, they approached several well-known lenders. It ultimately chose to partner with Hitachi Capital Invoice Finance for its competitive factoring service that enables them to scale the interim side of its recruitment business.
Managing Director, said: "Hitachi Capital Invoice Finance was chosen as our factoring provider after discussions with a number of lenders. We decided to choose Hitachi based on their professionalism, commitment to customer service, competitive rates and security. Hitachi offered service charges five times cheaper than some of their competitors.
“The security aspect was really important to us as we felt that other providers couldn’t commit to lending the money. Hitachi Capital Invoice Finance occupy a great niche: they are larger than the smaller operators who we felt we couldn’t trust, and far more able to differentiate on exceptional customer service than the big brand names in the invoice finance market."
John Atkinson, Head of Commercial Business for Hitachi Capital Invoice Finance, said: "We are really pleased with their’ rapid growth since becoming their factoring partner in 2008. We now provide Invoice Factoring for their other businesses as the organisation appreciates the financial benefits of releasing cash straightaway, whilst benefiting from exceptional service."
View all case studies
