A successful recruitment business needs the cash flow to be able to act quickly when opportunities arise; by working with a business funding specialist that knows the UK temporary recruitment sector well, you can ensure that you have the necessary working capital to move your business forward.
How does Payroll Finance work?
Recruitment is a people business; agencies need to keep their people happy by paying them promptly. That can be difficult to do if your temporary workers need to be paid weekly or monthly, while you wait for payment of your client invoices. Payroll Finance takes away that worry.
We provide our recruitment, security and cleaning industry clients with a fully outsourced payroll management solution that includes a factoring facility and debtor protection. As well as handling all the key administration tasks, like making sure you are in compliance with all tax legislation, we fund 100% of your weekly wage commitments, paying your temporary staff directly on time, every time. We also pay you 100% of your agency profit margin every week.
We provide a comprehensive back office and Payroll Finance service. We manage payroll, sales ledger, credit control, Inland Revenue payments, VAT commitments, and more. A single fee, expressed as a percentage of your sales, pays for our services. If you've read our Business Charter, you know of our commitment to be fair and transparent, that's why there are no minimum charges or hidden additional costs.
Is Payroll Finance right for my business?
Payroll Finance is a specialised business funding solution designed to meet the needs of clients in the temporary recruitment sector. From start-ups to established agencies, as long as you're a recruitment business and have applied for VAT registration, we can offer you our fully outsourced Payroll Finance service.
From agencies that offer security personnel to those that provide cleaning staff, no matter what your staffing area our specialist Payroll Finance team can take care of all the details, from payslip production to VAT accounting.
Contact us today
Call 0800 169 4356 to learn more about the Payroll Finance services available through Lloyds TSB Commercial Finance. You can also find more information at www.recruitmentfinance.co.uk.
Payroll Finance is a specialised commercial finance solution for recruitment agencies. If your business does not operate in this sector, our Invoice Financing solutions will be more appropriate for you.
Terms & Conditions apply – Read our Business Charter.
The provision of credit or leasing services by us is subject to your meeting our Credit approval. Please ensure that you only apply for credit or leasing services that you can comfortably afford.