At Skipton Business Finance, we have been working with businesses in the recruitment industry for over 20 years, supporting their journeys and visions. In our venture to further support the recruitment sector, we joined up with Recruitment FDs as their first strategic partner in November 2022 and are proud to be working closely together to offer our support to recruitment businesses across the country.
Currently funding businesses of a combined turnover of £500m in the recruitment sector, we always felt that we understood the sector to an exceptional level and can see the challenges facing the sector in the coming years - from legislation to the emergence and development of technology such as AI. And because there is alignment of these challenges to that of the finance sector, we feel very much in a great position to not just empathise, but also to add value to the discussions that the Recruitment FDs Network facilitate.
Not only do we understand the importance and value that Recruitment FDs holds for us in improving how we communicate and support recruitment businesses, but we are also proud to give value back by being able to assist members of the network with making finance decisions.
We have also supported the network by offering advice and support on how to approach the finance needs of businesses in the sector and, in some instances, have been able to provide working capital for some members of the network, assisting those businesses to convert their unpaid invoices into cash which, in turn, provides them with a consistent and reliable source of working capital. In some cases, we have even been able to offer streamlined operations such as credit control to help reduce administrative burden and helping them focus on their core activities, such as sourcing talent and nurturing client relationships. We are proud to offer these services to the rest of the network.
Looking to the future, we are passionate about developing this relationship further and want to carry on supporting the network, along with other partners. Working closely with Paul, we are committed to building out the network across the UK. We see infinite possibilities for the network and are looking forward to seeing where this develops. Being a truly national operation is a more than achievable goal and we are proud to be a partner in that journey to support the recruitment sector.