Success Stories

New facility improves cash flow for recruitment business

New £600k factoring facility improves cash flow for recruitment business

A recruitment business affected by the impacts of the Covid-19 pandemic has improved their cash flow by securing a new non-recourse factoring facility.

Before the pandemic hit, a large portion of this business’s revenue came from the hospitality sector, but lockdown restrictions in the UK caused that revenue to cease.

The business also felt their existing finance facility and funder were failing to provide the support they required to overcome the challenges they were facing.

Hilton-Baird Financial Solutions were able to support the company in finding a new facility that offered a high level of service and provided access to the funding they needed to keep their cash flow healthy.

Positive outcome after a difficult year

Established in 2016, this business had spent years building up their customer base and taking steps to protect their cash flow. However, with approximately 80% of their revenue coming from the hospitality sector, the pandemic and subsequent lockdowns hit them hard.

They were left in the precarious position of receiving 90% of their income from one client, who were struggling financially themselves.

Complicating matters further, they felt that their existing funder was no longer delivering the level of service and support they required, so they wanted to explore whether a different funder and facility would be more suited to their requirements, offer more flexibility and a different approach.

Having been in contact with Hilton-Baird since 2017, they were aware of our expertise and the value we could add to their funding search as an independent broker.

After presenting them with the most suitable options for their business, our client secured a £600,000 non-recourse factoring facility with a funder that was flexible on the concentration of the ledger, offered a higher level of funding and took a more creative approach than their previous funder.

The new facility has provided them with much-needed funding and allowed them to stabilise their cash flow, giving them the best possible foundation to move forward and put the impacts of the pandemic behind them.

If you would like to explore whether there are more suitable funders and funding facilities available for your business, or you have a new requirement for funding, we can introduce you to the most suitable facilities. Call our team of experts on 0800 9774833 or request a call back at a time that works for you.

Some of the funders we work with

  • IGF Invoice Finance
  • Optimum Finance
  • Clear Factor
  • Ultimate Finance Group
  • ABN AMRO Commercial Finance
  • MaxCap
  • Royal Bank of Scotland
  • Aldermore Invoice Finance
  • Roma Finance
  • Peak Cashflow
  • Time Finance
  • Castlebridge
  • Investec
  • Blazehill Capital
  • Woodsford Tradebridge
  • Kriya
  • Nationwide Finance
  • Santander Corporate & Commercial
  • Sonovate
  • eCapital Commercial Finance
  • Giant
  • Merchant Money
  • Pulse Cashflow Finance
  • Leumi ABL
  • PNC Business Credit
  • Metro Bank SME Finance
  • Regency Factors
  • Haydock Finance Ltd
  • InvoCap
  • Praetura Invoice Finance
  • Cynergy Business Finance
  • Barclays
  • Berkeley Trade Finance Ltd
  • Tradeplus24
  • 4Syte
  • Davenham Asset Finance
  • Partnership Invoice Finance
  • Lloyds Bank Commercial Finance
  • Skipton Business Finance
  • Close Brothers Invoice Finance
  • Accelerated Payments
  • Team Factors
  • Davenham Trade Finance

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We are a credit broker and not a lender and offer credit facilities from a panel of lenders