Simply Recruitment Group secures £500k in funding to drive growth
Simply Recruitment Group secures £500k in funding to drive growth

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UK-based recruitment firm Simply Recruitment Group, which is projected to hit £5 million turnover in its first 12 months, has landed a £500,000 boost, reports Insider Media. Bathgate Business Finance secured the deal for Simply Recruitment Group, which will provide working capital. The recruitment firm was established by sole director Paul Oakes, who operates a group of existing businesses, including an electrical services company.
The £500,000 facility includes credit protection and was approved and paid out within six days of the initial introduction. As part of the deal, the funder also agreed to increase the overall limit to accommodate the increase in sales forecast in the next 12 months, providing flexibility to the client as the business grows.
“At that point, we started looking for funding, speed and an understanding of the potential of our business was vital,” Oakes said. “Bathgate Business Finance and Zodeq grasped this quickly and worked closely with us to find a solution that could meet our time constraints and support our projected growth.”