22 January 2007

Specialist recruitment companies turn to EFE

Enterprise Finance Europe (EFE), the solutions-driven asset-based lender, has started 2007 as it means to continue by providing significant invoice discounting facilities for two more specialist IT recruitment companies - Hurst Resource management and Nexsus.

Established in 2003, Hurst Resource Management provides IT staff for companies ranging from FTSE 100 listed organisations through to start-up software houses. Headed up by Managing Director Paul Blowers, it provides a specialist agile development recruitment facility as part of its range of services.

Nexsus recently completed its first full year of trading. The country's only consultancy exclusively dedicated to the rapily-expanding business process management sector, it has already enjoyed success, placing temporary personnel with Reuters and Southern Technologies among others.

Both companies turned to EFE to see if it could provide more flexible financial solutions than their previous lenders. Invoice discounting facilities were put in place within a matter of weeks.

Says Richard Preston, Director of New Business, EFE:'We have a long history of working with companies in the recruitment industry and are delighted to have provided invoice discounting facilities to two up-and-coming, fast growing firms such as Hurst Resource management and Nexsus. The funding packages we have put together for both will give them the additional capital they require as they continue to grow.'

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