Payroll funding aids expansion
A payroll funding solution, with full back office support, has given our client time to concentrate on their expansion.
A specialist mechanical and electrical recruitment consultancy, our client has built its success on securing permanent placements. With that side of the business going from strength to strength our client wanted to expand into the contractor market and needed a funding solution that would allow them to do this with ease.
In the past the business had used a payroll funding solution to assist with overcoming the cash flow problems associated with having to pay wages before being paid by customers, so they were well aware of the many benefits of this solution and keen to secure a similar facility in order to expand the business.
Having previously approached a different broker, the business felt the offer they received wasn’t a good fit for their needs and were hoping to find something more suited. With our extensive expertise in the commercial finance market, our expert team were able to help the business secure a facility that was much more aligned to the business’s requirements.
With our client’s first contractor due to start soon, finding something suitable quickly was crucial.
We therefore worked closely with our client to get to know the business and establish the company’s precise requirements. This information, combined with our access to a wide range of funders, enabled Hilton-Baird to match them with the appropriate options and ultimately the most suitable funder.
After gauging which facility would best suit our client, we introduced the two most suitable funders. The business opted for an all-in-one solution which provides full back office support and payroll funding.
Equipped with their new flexible funding solution the business doesn’t have to worry about dealing with payroll, invoicing and credit control, leaving them time and resource to concentrate on growing their business.
If you’re looking for a payroll funding solution, we could help find the best facility for you. Contact us today on 0800 9774833 or info@hiltonbaird.co.uk to speak to one of our experts.
