Aldermore has provided a £650,000 (€548,366) finance facility to Positive Recruitment Solutions (PRS), a Warrington-based recruitment company.
PRS was founded in 2014, and has 11 employees over its three sites in Warrington, Rugby, and Bristol, providing recruitment services to the industrial, logistics, marketing, and PR sectors.
PRS hopes that the funding facility from Aldermore will allow it to maintain growth by expanding its services into new industries, and increase margins.
Darren Cunliffe, managing director at PRS said: “Our accountant introduced us to Aldermore due to its reputation for professionalism, speed and flexibility when providing finance to small businesses.
“The recruitment industry is fiercely competitive and the funding provided by Aldermore means that we are well-positioned to broaden our offering, build capacity in our offices and win new contracts, all the while delivering an excellent service to our clients.”
Tom O’Dell, business development manager, invoice finance at Aldermore, said that the bank’s finance facility would help PRS move forward.
He said: “The business has rightly focused on sustainable growth over the last three years and now is the right time for it to move into its next phase of growth with a funder capable of supporting its ambitions.
“Now has the appropriate financial support in place, we expect to see the company going from strength to strength and wish them every success.”