Payroll funding aids expansion – Sumo Recruitment Solutions Limited
A payroll funding solution, with full back office support, gave Sumo Recruitment Solutions Limited time to concentrate on their expansion.
Sumo Recruitment Solutions Limited is a specialist mechanical and electrical recruitment consultancy providing a dedicated service to the building services sector.
Trading since 2011, it 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 more than 70 funders, enabled Hilton-Baird to match them with the appropriate options and ultimately the most suitable funder.
After gauging which facility would best suit Sumo Recruitment Solutions Limited, 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 like Sumo Recruitment Solutions Limited you’re looking for a payroll funding solution we could help find the best facility for you. Contact us today on 0800 9774833 or email@example.com to speak to one of our experts.