The right ingredients for success
Amid constant speculation about where UK unemployment will peak during the recession, the recruitment industry is feeling the impact.
However, taking on more staff that are dedicated to driving the business forward could provide a competitive edge in this climate.
The difficulty is often a lack of cash available to fund a recruitment drive without compromising a business’s position.
The director of a specialist recruitment company was well aware of the potential benefits of continued recruitment in this climate, and set out to secure the funding to facilitate this process.
Hilton-Baird took on board the problems the business faced with its previous factoring provider and recognised the importance of regaining the client’s trust in such a tailor made solution for the business.
The business’s new factoring facility has released the cash needed to expand by bridging the cash flow gap often encountered by recruiters when having to pay contractors before receiving payment in from clients, while the expert sales ledger management service has saved the company valuable time and resource previously invested into chasing debtors.
Crucially, Hilton-Baird ensured the facility was secured with a funder that fully understands the client’s line of business.