ValYou Recruitment is going from strength to strength, reporting a £1m increase in turnover year-on-year for the past three years. The business joined Skipton Business Finance in the hopes of increasing its output and allowing it to expand its reach across the UK.
BackgroundValYou, established in 2013, is a recruitment business based in Staffordshire. It offers vacancies in the construction and engineering sectors and specialises in providing vacancies on a temporary, freelance and permanent basis. Vacancy specialist areas include Trades and Labour, Plant Operative, and Management and Technical. The name 'ValYou' was derived from Managing Director Jason Challoner’s two sons, Vaughn and Luke.
ChallengeIn Jason’s words, “I couldn’t imagine running a recruitment business without a factoring facility”. Jason told us about negative experiences the business had with other providers which caused him to look for alternative options. "The fact that Skipton is an EFG lender was just the icing on the cake for us in the initial decision-making process." He added.
How we helped
ValYou started its partnership with Skipton Business Finance in 2016. By having a factory facility in place, the business has been able to increase its turnover by £1m year-on-year for the past three years. ValYou has also increased its employee numbers since starting up in 2013 with three employees, now employing 10 members of staff. ValYou is now aspiring to continue expanding, offering vacancies across the UK. With a current turnover of almost £5m, the business has set its sights on becoming a £10m turnover business. Reflecting on the relationship with Skipton Business Finace, Jason said: "With the funding, we have been able to expand and are now experiencing a significant increase in turnover each year,” “Skipton have supported us through a number of uncertain times where other providers wouldn’t and my main point of contact, Tom lawless, has made sure the process always runs smoothly" Jason added.
Closing your cash flow gapHaving an Invoice Finance facility in place can help your business plug the cash flow gap. It can allow your business to work efficiently and productively, without the worry of a lack of funds. Invoice Finance allows you to gain access to your unpaid invoices without having to wait 30, 60 or even 90 days for your customers to pay you.You can choose from Invoice Factoring where we look after the credit control process for you or, alternatively, Invoice Discounting where you are in charge of the credit control process. If you would like to find out more information regarding our Invoice Finance options, please email info@skiptonbf.co.uk or alternatively call 0800 0854150.