Industry: Recruitment
Product: Invoice factoring
Facility size: £200,000
Following a buy-out and rebrand, the new owners of this recruitment company were keen to find a lender that they could build a long-term partnership with.
The owners contacted Close Brothers Invoice Finance because of our relationship-orientated reputation. After we discussed their needs and goals, they secured an invoice factoring facility due to the additional credit collection support this would provide.
As part of their invoice factoring facility, they have access to a relationship manager who is available for support and advice. In addition, they receive account updates from our expert payment collections team who liaise with customers.
The facility has improved cash flow for the business by providing working capital at the point that client invoices are raised and making payment collections more efficient.
