So far this year, we’ve witnessed an increase in insolvencies and companies going into voluntary liquidation. This is related to the persistent cashflow difficulties among businesses. According to UK government figures, the year 2023 will see the largest
The benefits of using alternative finance to fund your recruitment business. In 1996, Jerry McGuire captured a spirit that has continued to resonate to this day. “Show me the money” is the 25th most frequently quoted movie line
The term ‘credit management’ is often associated with the final stages of the process when a client receives their invoice and payment is pursued. However, truly effective credit management should commence from the beginning of any prospective client
The Significance of Tailored Services in Recruitment Funding. Invoice financing offers a lifeline to your temporary agency by providing a cash advance through the early release of funds from outstanding invoices. This holds immense value for businesses seeking to
Recruitment Finance Terminology You Must Familiarise Yourself With Understanding the language of accounting and finance can be challenging, especially if you’re launching a recruitment agency for the first time. In this blog, we’ll highlight essential recruitment finance terminology
For entrepreneurial recruitment consultants embarking on their journey of establishing a temporary recruitment agency, grasping the intricacies of payroll management is imperative. Effective payroll administration guarantees accurate and punctual compensation for temporary workers, mitigating legal risks and fostering
Maximising the Benefits of Job Boards for Recruiters In recruitment, two essential elements are indispensable for success: a steady stream of job openings and a pool of exceptional candidates. With the fierce competition among companies aiming to attract
Why finding the right growth partner is so important… The year 2022 was a significant moment in the UK recruitment industry. Despite a tumultuous socioeconomic and political environment, the sector again displayed its resilience, with another year of
If you’re a business owner, the chances are that the one thing making you nervous more than anything else is when you will be paid. Whether you’re billing £1,000 or £1 million monthly, it doesn’t matter. It means
For a temp agency, skilful administration is essential for operational efficiency. It’s not just about maintaining contact details; the pivotal information – like worker availability, specialisation, Right to Work documents, worked hours, job history, and payment particulars –