A London-based recruitment service provider has seen phenomenal growth over the past three years since using Recruitment Factoring with Hitachi Capital Invoice Finance; with the business growing from just two employees to 130 employees and is now turning over in excess of £16million. Our Recruitment Factoring product is designed to maximise cash flow by releasing the funds tied up in unpaid invoices. As part of this, we were also able to provide debt collection services to ensure that the recruiters didn’t have to worry about chasing debtors themselves.
Their business places candidates within prestigious financial service organisations, offering clients permanent and interim recruitment services. They are one example of many recruitment companies we’ve been able to help.
In order to grow their business, they approached several well-known recruitment factoring companies for a solution. Ultimately, they chose to partner with Hitachi Capital Invoice Finance because of our competitive factoring service that enables them to scale the interim side of their recruitment business by releasing the cash they have unrealised in customer invoices. We understand that many businesses look to recruitment factoring companies because they wish to grow, and as a result, it’s imperative that we offer a service that allows flexibility when it comes to increasing funding levels. Many traditional forms of lending do not allow for this, and lengthy renegotiation is often required.