Birmingham based start-up Nelson Recruitment Services Ltd only started out eleven months ago, but in that time, and with the help of Bibby Financial Services the company has tripled its monthly turnover, and has seen rapid growth with a projected turnover of £2 million in its first year trading.
Recruiting staff from across the Midlands for the engineering, industrial, logistics and manufacturing sector Nelson Recruitment are leading the way in the region. Around 80 per cent of staff placed are temporary and 20 per cent seek permanent positions. The business has 50 clients and around 200 individual workers on its books.
Better service to customers
Managing director Paul Nelson has over ten years’ experience in the recruitment industry, he decided to set up his own firm as he felt he could offer a higher level of service to customers.
Paul commented “After seeing the good, the bad and the ugly sides of recruitment, my experiences had left me discouraged at the quality of people in senior positions at certain agencies. It’s for this reason I took the decision to set up on my own, giving myself total control over the quality of workers, quality of service and ensuring the workforce were paid correctly and on-time.”
Paul is in the right place at the right time as the current market in the Midlands is booming. Paul comments: “Due to the growth of the economy as a whole, we have seen a positive impact in the region with people earning more and therefore spending more. The jobs market, which is particularly close to my heart, is also showing signs of improvement.”
“My business has seen significant growth over the past 10 months. However without the funding arrangement we have with Bibby Financial Services, this would not have been possible. The invoice finance facility they provide us with is imperative to our success. We are now able to easily keep on top of our weekly payroll, which ultimately means people get paid on time.
“Invoice finance allows us to have a steady flow of cash to keep up with an industry that demands a flexible funding arrangement.”
Cashflow for business
If you’re a business owner and you’re looking for funding to expand your business feel free to contact us today. You’ll be reassured to hear that we currently handle in excess of £4.9 billion in client turnover and provide cashflow funding to over 7,000 businesses, in over 300 industry sectors.
For more information about Bibby Financial Services’ cashflow solutions, visit: Bibby Financial Services or call 0800 91 95 92.