Growing a recruitment business is an exciting yet demanding venture. A common challenge faced by many businesses in this sector is cashflow management.

While all eyes are focused on geo-political events, we are also distracted and enthused by the possibilities of AI and the excitement that comes with that possibility.

The scary thing that most are not focused on (while we’ve been a little distracted by the above) is the rising and very real threat of cybercrime.

Is your business grappling with the complexities of payroll management? 
You're not alone.
But first understanding the risks involved is crucial.

Recruitment businesses thrive on the ability to maintain a steady cashflow, which is crucial for both sustainable growth and operational efficiency. For many growing recruitment businesses, partnering with Skipton Business Finance can be a game-changing strategy.

The code we want to talk about is the Cash Flow Code. Success often hinges on securing top talent quickly. Let's dive deep into some of the unique hurdles faced by recruitment and what you can do about it.

In today's competitive landscape, finding and retaining top talent remains a significant challenge for businesses.

However, despite the critical role talent plays in organisational success, hiring decisions are often made without sufficient data. It's time to rethink recruitment practices.

Picture this: you are a successful Personal Services Company (PSC) contractor, but just when you think you have everything under control, a letter arrives from HMRC notifying you of an IR35 enquiry. Do you have the time and experience to fight your corner?

To celebrate the announcement of a new partnership, we’re giving you the chance to win a £25 Love2Shop voucher, by engaging with our LinkedIn post about this exciting partnership.

Did you know that 33% of businesses make payroll mistakes annually? This statistic should be a red flag for recruitment agencies for many reasons.

In today's competitive talent market, attracting and retaining top performers is crucial for recruitment agencies. However, traditional payment cycles can put your firm at a disadvantage. Candidates often face waiting periods to receive their placement fees, impacting their cash flow and potentially swaying them towards faster-paying competitors.

Step into the world of financial management with Numarqe, where innovation meets user-friendliness in a delightful blend. It's time to bid farewell to conventional financial practices and welcome the efficiency of virtual credit card transactions. Numarqe isn't just a credit platform; it's your business's trusted companion, here to transform how you handle finances with elegance and charm.

What do the new rules mean?

We will shortly be approaching the third anniversary of the extension of the revised off-payroll worker (IR35) administrative rules to medium-sized and large private businesses. Following an announcement in the 2023 Autumn Statement, a new offset mechanism is set to be introduced from April 2024. Potentially, the new rules will make it more attractive for businesses to use the services of off-payroll workers operating via such intermediaries.

Understanding T&E:

When drafting a T&E policy, it is important to conduct a thorough assessment of your company’s requirements when it comes to travel and expenses. Consider the nature of your business, the frequency of travel, and the specific needs of your employees. Identify key stakeholders, such as finance, human resources, and department heads, to gather insights and ensure a holistic approach.

The recruitment industry thrives on dynamism, but navigating complex financial landscapes can be challenging. At Skipton Business Finance, we understand the unique needs of recruitment agencies. That's why we’re offering a no obligation finance facility health check.

At Skipton Business Finance, we understand the cash flow challenges faced by recruitment agencies.  Placing talented candidates is only half the battle; you also need to wait for client payments, which can create a gap that hinders your ability to grow. Invoice Finance can bridge this gap by providing an advance on your outstanding invoices, but some misconceptions might be holding you back.
Let's debunk five common myths and set the record straight for recruitment businesses.

For recruitment businesses, navigating cashflow can be challenging, especially when dealing with slow-paying clients. Invoice Finance offers a solution by unlocking working capital tied up in outstanding invoices. However, with multiple providers vying for your business, choosing the right one goes beyond just competitive rates and advance percentages. Client care emerges as a significant factor often overlooked but crucial for a smooth and successful partnership.

How Kingsbridge can support businesses looking to offer services under a genuine statement of work (‘SOW’).

Recruitment companies are highly experienced in providing skills and people. Some have also been exploring the opportunity of providing what HMRC refers to as ‘contracted out services’ to their end-user clients.

In the rapidly evolving landscape of finance, Corporate credit cards are no longer just a tool for employees to pay for business travel and entertainment expenses. Today, they’re part of the CFO’s toolkit of business payment solutions. Let's delve into why implementing a Corporate Credit Cards is a strategic move for businesses.

Bad Debt Protection (BDP) is a great option for any business wishing to safeguard against these potential losses.

With Skipton Business Finance, you can access BDP as an add-on service to your existing Invoice Finance facility, which allows you to protect your business against bad debt caused by customers failing to pay.

If the ‘rule of the robots’ from banks ever comes to pass, it will be because we allowed it to, by believing that technology can never be wrong, and that insights and recommendations from a ‘black box’ should always override human decision-making.