A recruitment business based in Kent is set to boost its turnover after securing an invoice finance facility will Skipton Business Finance.
Blue Mountain Recruitment is a family-run recruitment business established in 2007. The business has operated on a small scale for the past 12 years but has recently experienced a surge in growth. Since April 2018, the business has seen a large increase in turnover and has subsequently grown its team.
Within this period, the business saw its turnover increase from £50,000 to £150,000 by April this year using their own funds. In order to keep up with this rapid period of growth, the business decided to begin funding with Skipton Business Finance.
The Invoice Finance facility will allow the business to access up to 90% of the value of an unpaid invoice. The facility means that the business is now able to expand its team and allow for the projected growth to continue.
Marilena Panaite, Director at Blue Mountain Recruitment, said: “By having an Invoice Finance facility in place, we are now able to continue the growth of our business, without the strain of cashflow,”
“It is a very exciting time for the business, as we have already experienced such a rapid period of growth but are now looking forward to seeing how our business can grow further.”
Prior to October this year, the business had never used Invoice Finance and is now looking forward to seeing how it can help the business in its plan for expansion.
Paul Bowden, Regional Sales Director at Skipton Business Finance, said: “We put a facility in place for Blue Mountain Recruitment to support the business through an expected growth in turnover,”
“It is great to be able to support a business like this through such an exciting period of growth.”
For more information on Blue Mountain Recruitment, visit https://bmrjobs.com/.
Blue Mountain Recruitment, established in 2007, is a healthcare recruitment business based in Kent. The business specialises in suiting candidates to roles within the healthcare industry.
Skipton Business Finance Limited, a wholly-owned subsidiary of the Skipton Group, is a factoring and invoice discounting company. Established in 2001, SBF provides financial products ranging from invoice factoring, invoice discounting, and its award winning My White Label solution. Skipton Business Finance is also an accredited lender of the Enterprise Finance Guarantee Scheme. It continues to be a UK-leading financier in the invoice finance market and is keen to maintain its position as a major, client-focused organisation in the UK.