Funding for the human resourcing and recruiting industry

The human resourcing and recruiting industry in the UK

The human resourcing and recruiting industry has played an important role in driving the recovery for businesses and employees in the UK in the last few years. After a challenging period whilst navigating national lockdowns and hiring freezes, the sector contributed £42.9bn of direct Gross Value added to the UK economy in 2021, a 21.7% increase on 2020 and a rise on pre-pandemic levels.

The sector and its related industries are responsible for the employment of over 200,000 people across more than 30,000 businesses, another increase on previous years. With fierce competition and businesses in all industries still facing challenging trading conditions due to today’s economic landscape, it is vital that human resourcing and recruiting companies operate with a robust cashflow strategy to help them meet their ambitions.

How asset-based lending can help businesses in the human resourcing and recruiting industry

There is one common thing shared by all businesses and that is the need for cashflow to not only keep moving, but also meet their ambitions. Cashflow can be notoriously difficult to manage with regular costs related to rent for premises, employees’ wages, invoices, technology, machinery and tax obligations.

Asset-based lending can help lessen pressure points on a business’ finances by improving access to day-to-day capital, bridging the gap caused by lengthy repayment terms or quickly injecting a large amount of funding into the company that could help it on its way to more success.

Invoice Finance

Working Capital Finance such as Invoice Finance helps to improve cashflow by providing access to the cash tied up in invoices yet to be paid, which makes it a great solution for businesses in the retail and wholesale industry where they sell to other businesses on credit terms. Instead of having to wait until the end of the preferred terms for a client to repay, the funds are accessible within as quickly as 24 hours from invoicing, making it much easier to manage cashflow on a daily basis or save up for future growth plans, such as expansion, new hires or investing in new product lines. Common issues that Invoice Finance solutions have already helped businesses solve include seasonality, stock increases, supplier payments, staff wages, and growth opportunities.

Ultimate Finance’s tailored Invoice Finance solutions provide revolving access to the cash tied up in invoices yet to be paid.

• Funding up to £7m with cash in account within 24 hours of raising invoices or applications for payment
• Factoring and Discounting, disclosed and confidential options, with possibility to add on Debtor Protection
• Up to 95% pre-payment
• Dedicated specialist Relationship teams
• 24/7 account management via online portal
• Rated 4.9/5 on Trustpilot

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Recruitment Finance

Specially designed to meet the unique needs of the industry, Recruitment Finance provides the benefits of an Invoice Finance facility with access to sector-specific additions such as access to RSM’s market-leading Recruitment Pay & Bill services.

• Helps cut business costs by outsourcing payroll and back-office support
• Suited to any UK-based business that is “time-sheet” based
• Funding up to £7m with cash in account within 24 hours of raising invoices or applications for payment
• Factoring and Discounting, disclosed and confidential options, with possibility to add on Debtor Protection
• Up to 95% pre-payment
• Dedicated specialist Relationship teams
• 24/7 account management via online portal
• Rated 4.9/5 on Trustpilot

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Asset Finance

Our Asset Finance solutions make it easy to get the equipment you need without the need for large upfront costs, or to access large cash injections by unlocking the funds tied in existing assets.

• Up to £1.5m per customer, with cash available within as quickly as one working day
• Finance available for a variety of assets, including vehicles, equipment, construction and machinery
• Terms from 12 to 60 monyhs
• Hire Purchase, Leasing, and Refinance options available
• Easy to manage fixed repayments to help with cashflow management
• Rated 4.9/5 on Trustpilot

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Structured Finance 

At Ultimate Finance we have developed our expertise in creating fully tailored funding solutions that can meet the unique needs of a business. Our Structured Finance solutions provide funding against a mix of assets, be they receivables, plant, machinery, vehicles and / or property.

• Funding up to £10m
• Multi-asset solution with no restriction on single line assets
• Dedicated Relationship Manager across the entire facility to keep things seamless
• Fully tailored to the unique requirements of the business

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