Recruitment Success Stories

After Compupro’s finance facility was removed, Hilton-Baird assumed the task of sourcing the cash flow solution that would put them back on the right footing. Despite challenges, our expert team introduced the tailored recruitment finance facility that’s allowed Director, Andy Dunn, to look forward.

12 months on from securing a tailored factoring facility to suit his business needs, Hilton-Baird caught up with Neal Warcup to see how his business funding solution was running. With his cash flow boosted to underpin his growth, things are looking bright for Polar Recruitment.

With some credit lines still being withdrawn or tightened, accessing protection is proving a challenge. Hilton-Baird recognised the strength of the business and quickly identified a provider. With the shield of credit insurance, the business is able to concentrate on winning new business.

Funders have sought to manage their risk in the last 12 months, leaving clients in a position whereby credit limits are tightened to the point that their funding facility no longer meets their needs, but Hilton-Baird sourced a tailored invoice discounting facility to ensure Flowfront Ltd would not be adversely affected for long.

Despite the recession, Scott Ratcliffe was looking to expand S R Recruitment and employ more staff in order to take the business forward. However, the cash flow problems associated with paying contractors before receiving payment from clients had to be overcome, and they were thanks to Hilton-Baird introducing a factoring facility to release the cash he required.

Successfully starting up a recruitment company as the credit crunch tightened its grip on the UK economy was no easy feat, but Hilton-Baird ensured Polar Recruitment had the foundations in place to do so by introducing a tailored factoring facility to boost its cash flow, leaving working capital free to invest into expansion.

Established in 2005, Shirley Parsons Associates has grown rapidly with a turnover today of around £2m. Although such growth can bring short-term cash flow challenges, Hilton-Baird was able to introduce a tailored invoice discounting facility to release capital tied up in the company’s debtor book, providing the funding it needed to continue its growth.