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Semester secures 250k financing

Semester secures &pound250k financing

Leading health and social care recruitment firm Semester Recruitment has secured a &pound250,000 funding line from Positive Cashflow Finance (“Positive”).

Semester had worked with a bank owned funder since 2009, but moved to Positive who were better able to meet their funding requirements.

Semester, founded in 2004, specialises in providing health and social care recruitment solutions to voluntary organisations, local authorities and private sector businesses throughout the UK. It has offices in Sale, Greater Manchester and Hemsworth, West Yorkshire.

Nicola Jenkinson, director at Semester Recruitment, said: “We have been looking for a more flexible and supportive lender to work with as the business grows. Positive fits the bill perfectly. They have demonstrated a real understanding of our values and our growth ambitions and have given us the financial flexibility to focus on achieving our aims.”

David Smith, managing director at Positive,added: “The recruitment industry is dynamic and competitive, so we are pleased to have been able to provide Semester with this invoice finance solution. I am confident that it will enable the team to focus on their growth strategy and free up cash to invest in the business and spur on growth.”

Semester, which employs 7 staff, had a turnover of &pound1.3million last year.

Positive works with businesses and provides funding facilities from &pound10,000 to &pound1million to improve working capital, fund acquisitions and accelerate growth. It has offices in Manchester, Basingstoke and Birmingham.

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