Press Release
REC - Annual Industry Turnover and Key Industry Volumes Survey Release
The Recruitment Finance Division of Lloyds TSB Commercial Finance is delighted to support the REC's Annual Industry Turnover and Key Industry Volumes survey.
The Recruitment Finance Division was launched in September 2007 and is the first of its kind in the UK. It involved bringing together expert staff from across Lloyds TSB Commercial Finance into one team to provide specialist financial advice and services to recruitment companies of all sizes, and in all sectors.
The division services around 15 per cent of the total recruitment companies in the UK, and offers a range of solutions including invoice discounting, factoring and back office services. Companies funded by the Recruitment Finance Division will also be able to tap into the retail, business and corporate banking services offered by Lloyds TSB in the future.
The recruitment industry is one of the most dynamic sectors in this country, as shown by the figures from the 2006/07 survey. There is a high volume of start-ups and significant level of merger and acquisition activity, plus one of the most challenging legislative environments in which to operate.
To be able to provide the right financial solutions a provider needs to have an in-depth understanding of that operational setting. Our belief is that this can only be achieved by providing a team who are solely dedicated to the recruitment industry.
With this in mind, we are proud to be associated with the pre-eminent survey of the recruitment industry. It symbolises our commitment to helping the UK's recruitment companies achieve peak performance.
Regards and best wishes
Paul Saunders
Director
Recruitment Finance Division
