Secure Trust Bank hits the spot for Red Dot Recruitment
The Warrington-based firm, which currently employs 10 staff, provides full time and temporary staff to call centres throughout the UK. The business was established in 2013 and achieved turnover of £945,000 in 2014. It expects strong growth in the coming months, with turnover expected to reach £2m this year.
The focus for the business is to expand into the healthcare and construction markets. These sectors are currently buoyant in terms of recruitment, with the construction sector growing at an annual rate of 5.3 per cent, alongside a huge demand for doctors, nurses and ancillary staff. With the additional funding, the business will be targeting a series of strategic acquisitions designed to capitalise on these growing markets.
Nick Hall has recently joined the business as a non-executive director and is looking to acquire other small recruitment firms. He brings a wealth of experience, having worked in recruitment across a variety of sectors including manufacturing, driving and logistics and retail. Nick recently sold his stake in the £75m turnover recruitment business, Assist Recruitment. The business will continue to be led by owner Martin Warding.
Martin Warding, owner of Red Dot Recruitment, said, “There was a lot of red tape from our previous lender, which was restricting our growth plans. We have known the directors at Secure Trust Bank for a number of years and they have an excellent reputation within the market. Our new invoice facility is much more flexible, giving us the freedom to expand into new markets and help us double turnover next year.”
Dave Green, regional sales director at Secure Trust Bank Commercial Finance, said, “Red Dot has an impressive track record with their turnover increasing year on year. We have provided the business with a cost-effective and efficient finance solution, which will speed up the firm’s growth plans as it looks to make a series of acquisitions, particularly in the construction and healthcare sectors. I look forward to working closely with Nick and the team through this busy period.”