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© 2018 Serengetti Finance Ltd

Business Ready Finance is a trading name for the limited company Serengetti Finance Limited, registered in England and Wales under company number 08926397. Registered office: 41 Connaught Heights, 2 Agnes George Walk, London, E16 2FP, England. Data Protection Registration Number: ZA174038. Business Ready Finance is a trading name of Serengetti Finance Limited. Serengetti Finance Limited is Authorised and Regulated by the Financial Conduct Authority FRN - 802252.

Unlocking Cashflow For Recruitment Firms

September 5, 2016

 

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.

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