ABN AMRO Commercial Finance delivers £4m funding solution to recruitment conglomerate

img

News - 03 July 2020

Recruitment Investments is a UK based group of business owners who specialise in buying and selling successful organisations within the recruitment sector. The group is headed up by Recruitment Investments Limited and consists of trading entities: Champion Employment, Rugby Recruitment Services, Next Recruitment, Professional Staffing Services, Gill Cooke Personnel, Motion People and Enable Recruitment Group.

Recruitment Investments can provide centralised sales, marketing, legal and financial services to those within the group. Moreover, having previously been recruitment business owners, the team and investors at Recruitment Investments use their experience to support the aspirations of organisations looking to develop. They also support businesses that choose to realise equity.

In line with their personal growth ambitions, Recruitment Investments had a clear plan in place to grow a conglomerate with a combined turnover of £40m through acquisitions. Despite the challenging macroeconomic climate resulting from Covid-19, the lockdown period and the ensuing uncertainty, the growth strategy remained firmly in place. The perseverance and determination of the team resulted in the successful completion of two acquisitions during this time.

Invoice Discounting from ABN AMRO Commercial Finance was the perfect funding solution for their business needs. It comprised a £4m Group Assured Confidential Invoice Discounting which meant Recruitment Investments were able to unlock funding from an asset base where debtors were the main asset. This solution paves the way for acquisition growth and provides working capital support to bridge a working capital gap between operational costs and income from customers.

Gareth Stanger, Group Director at Recruitment Investments said, “The team at ABN AMRO Commercial Finance kept the process organised with excellent communication every step of the way. This new funding solution means we’re able to fully focus on our continued business growth.”

Ben Pittam, Business Development Manager at ABN AMRO Commercial Finance said, “This is the fifth acquisition that we have worked alongside Recruitment Investments on as their working capital partner. It’s been a pleasure working with them and we’re proud to have delivered another flexible funding solution that will optimise their strategic growth as well as bridge gaps in working capital.”

More relevant articles

ABN AMRO Commercial Finance provides £47.5m funding solution to packaging conglomerate

07 May

Reflex Group is a market leading packaging company with operations across the UK. The business helps its broad customer-base to create unique ‘shelf presence’ for their consumer products, ranging from brand conception design through to labeling and packaging.

Reading IT distributor set for continued growth with support from a £300m receivables funding syndicate

25 February

One of the UK’s leading IT distribution businesses is set for prolonged growth thanks to the support of a six-figure funding syndicate led by Lloyds Bank.

Partnering through the pandemic

11 June

When it came, the Coronavirus struck with lightning speed and the lockdown scrambled the best-laid plans. Managing Director of ABN AMRO Asset Based Finance UK, Simon Lefevre, explains how all teams across the business quickly mobilised to continue to work in partnership with clients and business partners through these difficult times.