IT Recruitment Company – New Finance Facility
Moorfields Commercial Finance successfully assisted an IT recruitment company in obtaining new funding facilities to support its operations and group restructure. The £200,000 facility was structured as an invoice finance arrangement with selected bad debt protection, tailored to the company’s unique funding requirements.
Objectives
- Source new funding to replace existing, unsustainable facilities.
- Support a wider group restructure to stabilise the business.
- Enable funding against a single customer without the requirement for full bad debt protection.
- Improve liquidity to help the company meet its ongoing financial commitments.
Moorfields’ Actions
- Conducted a detailed review of the company’s existing financial position, debtor profile, and funding needs.
- Engaged with specialist lenders experienced in the recruitment sector to identify a flexible funding partner.
- Structured a bespoke invoice finance facility allowing the company to fund a single customer ledger.
- Worked with the lender to align the facility with the company’s cash flow cycle and restructure objectives.
Results
- £200,000 invoice finance facility secured, providing immediate working capital relief.
- Funding flexibility achieved, supporting the group’s restructure and ongoing operations.
- Single-customer funding enabled without the need for compulsory bad debt protection.
- Improved financial stability, allowing the company to meet obligations and focus on growth within the IT recruitment sector.
