Unlocking Cashflow For Recruitment Firms

The last quarter of 2016 is set to arrive soon, and we have some good news for our clients in the recruitment sector. With the changes set to be effective from autumn 2016, the upcoming legislation aims to simplify lending to recruitment companies.

As per the new legislation, “Banning the ban on assignment” simply means that recruitment agencies will now be able to sell their debts to a lender/third party and lenders can collect the debts from the contractor directly, if the need be. This will boost invoice factoring widely and help solving a typical problem faced by recruitment companies.