PRS agrees new finance facility with Aldermore
Positive Recruitment Solutions is looking to expand its offering following the agreement of a new £650,000 finance facility with Aldermore.
The funding facility allows PRS to maintain growth by introducing its offering into new industries and increasing margins.
Darren Cunliffe, managing director at PRS, said: “After celebrating our third anniversary and moving to a new head office, we wanted to maintain our sense of achievement and forward momentum.
“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, added: “PRS is an ambitious small business that has enjoyed significant success during its first few years of operating.
“The business has rightly focussed 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 that PRS has the appropriate financial support in place, we expect to see the company going from strength to strength and wish them every success.”