In today’s competitive market, hassle free working capital is the lifeblood of the recruitment industry. When The ReThink Group required funding support, ABN AMRO Commercial Finance was able to provide a solution to meet their needs.
The ReThink Group is a leading talent management and recruitment consultancy firm working across a number of industry sectors and locations. Since starting up in 2005, the company has grown rapidly, with more than 200 staff and offices across the UK, Middle East and Australia.
Restricted by their previous lenders inability to increase their capacity for growth, ReThink Group looked for a more flexible funding solution. They were introduced to ABN AMRO Commercial Finance through Asset Based Lending Advisory Service, Litmus Advisory, who was able to package together a creative funding solution which would give them the necessary headroom for growth.
Through their flexible finance solutions, ABN AMRO Commercial Finance was able to give The ReThink Group the support required to help them reach their business objectives. The successful refinance offering provided them with a working capital line of £25m through the financier’s Receivables Finance offering, as well as an additional £1.5m Cashflow Loan.
ReThink CEO, Andy Lord, was impressed with the services provided by their new financier saying, “Having worked extensively in the Recruitment sector, ABN AMRO Commercial Finance was able to help us consider suitable finance options, and make a quick decision on a flexible funding solution to enable continued growth.
ABN AMRO Commercial Finance Sales Director Rick Owens noted, “With almost a third of our current client base made up of the recruitment sector, we have an excellent understanding of the challenges the industry faces. John Hunter and I are pleased that we have been able to work together with ReThink Group to provide a flexible solution through Asset Based Lending