Independent Specialist Solutions

Our range of services and independent advice is designed to provide recruiters with the option of taking free impartial advice on a range of topics (1 Hour Free Consultation). This includes refinancing solutions where we will advise on the most appropriate working capital or financing options available. Our experienced team has close working relations with HMRC and given the pressure to meet legislative demands for time to pay arrangements we will be on hand to represent recruiters and allow them to get on with the core activities of the business. Additionally we will through our network of industry specialists be able to advise on back office outsourcing, debt management and turnaround.

HMRC Arrears

Our sister Company Corporate Strategies has assisted the management of many hundreds of businesses enter in to time to pay arrangements with HM Revenue & Customs to pay back arrears over a period of up to 18 months. Our service will allow the directors to focus on running their business whilst we deal with HM Revenue & Customs on their behalf and should enable the Company to avoid a formal insolvency process.

Business Start Up

Barriers to entry are low in the sector and each year a significant number of new start recruitment businesses are established. We can advise on what to look out for to avoid the pitfalls of starting a new business. We can assist understanding in key areas of finance, accounting, legal contracts and debt collection. Our independence ensures that the best solutions can be found to enable the recruiter to promote and place candidates to their clients with confidence.

Refinance

We can advise and support in the process of renewing or sourcing working capital finance. It is essential that the staffing company reviews facilities annually to ensure that the best service at the right cost is being delivered. Our independent advice can form part of the 'beauty parade' or to review contracts at any stage of the renewal process.

Legal Support

Given the considerable regulatory and legal requirements that all recruitment businesses face we can introduce specialist firms with the experience and capability to ensure that your business is compliant. From employment law issues to recovering outstanding debt we can via our extensive network ensure that you have leading advice on all aspects of the law.

Restructuring

Our sister Company Leonard Curtis is a top 10 turnaround and restructuring specialist and can provide both formal and informal insolvency advice including creditor negotiations and access to interim FD's on the informal side and exploring Company Voluntary Arrangement ("CVA") or Administration to help rescue or restructure a Company on the formal side.

Debt Management

It is vital that the time to pay allowed by the recruiter to its client is controlled. This means effective debt collection and if necessary legal remedies are in place. This will help to keep funding costs down and maximise cash in the business. Our advice will focus on existing internal processes and provide insight to the market solutions available.

Exit Planning

Early exit planning is something that should always feature in the recruiters strategic plans. We can advise on the options and assist in the process to realising the value for the owners. Through our extensive contacts we know the companies that are buying and can help in finding complimentary partners.

Acquisition

The fragmented nature of the sector means that there are always transactions taking place. We can assist in finding potential targets for acquirers where our extensive contacts enable us to match sellers with buyers. Our knowledge of the finance market will provide up to date intelligence on appetite to lend.

Back Office

As the sector recovers the need to ensure that the cost base is kept low throws into relief the option of outsourcing the back office. Understandably a big decision but there is strong evidence of recruitment businesses considering the benefits of outsourcing payroll and other back office functions. We can advise on the options available and if required participate in the process to final decision.

Recruitment Finance

We understand the essential need for working capital to bridge the cash flow gap between paying agency workers or contractors and receiving payments from end user clients. The use of invoice finance or bank overdraft has historically been used by c60% of the recruitment sector. We can advise on the most appropriate form of finance and assist in achieving the best fit for the recruiter.