PC Recruit secures 50,000 funding line
The funding line provides the business with a vital foundation for growth, facilitating the opening of new offices in Cambridge and Bury St Edmunds, in order to expand the business throughout the South East. It will also appoint new sales consultants to strengthen its current team.
Chloe Garrett, managing director of PC Recruit, said, “Having more cash on our balance sheet will support the growth of the business as we look to open new offices and take on more staff. The flexibility of the funding line ensures that we can continue to provide skilled labour across a number of core sectors. We are looking to double our turnover in 2014 and, with this financial support, we are confident of achieving that.”
Caroline Langron, managing director of Positive, said, “The UK recruitment market is growing rapidly at present, and is set to pass its pre-recession peak of £27bn this year. We are delighted to be working with PC Recruit and, with the drive and vision of the management team, we are confident that the business will grow substantially.”
Positive Cashflow Finance (“Positive”) is an independent invoice finance provider with offices in Manchester, Birmingham and Basingstoke offering facilities from £10,000 to £1m.
PC Recruit, established in February 2013, is based between two sites in Haverhill and Saffron Walden. The company supplies staffing solutions to both SMEs and major blue chip organisations in Suffolk, Cambridgeshire, Essex and Hertfordshire specialising in the clerical, sales, marketing, industrial and leisure sectors.