Case Study

Staff 86 Ltd

Staff 86 is an events and hospitality staffing company, supplying staff to venues and businesses throughout the UK.

Our Client:

Providing hospitality, hotel, and events staff, Staff 86 specialises in temporary staffing solutions; providing experienced teams to support their clients’ business during busy periods.

The Issue:

In addition to the challenges of finding the right people for each of their clients’ requirements, Staff 86 has found cash flow to be the business’ biggest issue.
This is, in large part, is due to payroll for staff being made on a weekly basis, but with clients often seeking 60- or 90-day payment terms.

The Solution:

Having been told of Zodeq’s expertise through their accountant, and the fact that both businesses are headquartered in Chester, Staff 86 approached us for our support with their cash flow as part of their ongoing, exciting growth plans.

Invoice finance was recommended as the ideal option for Staff 86, as this would allow them to release the cash tied up in an invoice as soon as it had been raised, therefore reducing stress on the business’ cash flow when making payroll payments to staff. Furthermore, the Zodeq team also offered recommendations to the Staff 86 team with regards to the issues the business faced, particularly in the start-up stage of Zodeq’s services; this advice was described as ‘invaluable’.

The Result:

Of course, aside from the significant improvement to Staff 86’s cash flow on a month to month basis, one of the main benefits of Zodeq’s finance service is that the team are able to focus on the business and its clients as opposed to spending time on credit control and sales ledger administration.

"We would certainly recommend having a meeting with Zodeq to explore the support available to your business if you are unsure.”

Jack Mitchell, Director