- Location: Nationwide Ireland
- Sector: Recruitment
Recruitment consultancy finds cashflow solution with a personal touch
With more than 20 years’ experience in recruitment, Gerard Doyle, Co-founder and Managing Director of Recruiters, is an industry veteran. Starting his career in the placement of senior technical permanent hires, he founded Recruiters with an ambition to provide niche and high-end recruitment consultancy across Ireland and abroad, servicing a range of businesses including multinationals and blue-chip companies.
As business volumes increased, it became apparent that Gerard and his business partner the need for a finance partner who could provide flexible and reliable funding to support the businesses daily operations and ongoing growth.
Gerard Doyle, Co-founder of Recruiters said:"Our credit terms often means that we are paying a contractor twice or maybe three times before their client pays them for the first time, we looked at possible financial options including overdrafts to fund the growth of the business and none were suitable until we discovered invoice discounting."
"Our partner for invoice discounting is Bibby Financial Services, they really understand our business and through our relationship they help us to structure our financial requirements on an annual basis."
The Invoice Discounting funding solution has allowed Gerard and his team to focus their time on talent resourcing and growing the business. The funding line also helped Recruiters ease its cash flow pressures and better manage its credit control and payments cycles. Since then the relationship has developed significantly, allowing the business to prosper.
As a result of Bibby Financial Services' partnership with the Strategic Banking Corporation of Ireland (SBCI), Recruiters are eligible to receive the financial benefit of SBCI funding and a reduction on their existing Invoice Finance facility.