Finance & back office support for recruitment

Zodeq provides financing for recruitment agencies and a full suite of back office support options via our Zodeq 360 service. Zodeq’s DNA derives from the recruitment sector via our principal shareholder Exchequer Solutions Ltd.

The recruitment industry is in a state of continual growth, at a rate of around 18% year on year.

New agencies are set up and launched all of the time by entrepreneurial individuals wanting to take the step from being employed to starting their own business. The majority of these businesses within the UK will use some form of financing to support their growth, and will require back office administrative support to ensure they continue to run smoothly.

Services we provide

Recruitment financing

  • Up to 100% funding for your sales invoices to cover your payroll via invoice financing (commonly referred to as factoring) or confidential invoice discounting facilities
  • Permanent placement invoicing and funding
  • Producing and sending all invoices to your clients with accompanying timesheets
  • Producing and sending sales invoices in your company name
  • Allocating payments received
  • Monitoring and managing your sales ledger
  • If you require it, collecting payments from your clients and debt chasing

zodeq 360

  • Weekly calculation and processing of payroll for temporary workers
  • HMRC administrative requirements accurately and compliantly
  • Access to industry leading CRM software, specifically designed to support the recruitment sector
  • Clients invoices in a timely manner to ensure cash flow is maintained
  • A team of credit control experts to chase for payment of invoices in a customer focused manner
  • Processing of timesheets accurately, calculating sick and holiday pay where required
  • End to end pension provision services to ensure your business complies with auto-enrolment

Who Can We Help

  • New start recruitment agencies
  • Established recruitment agencies
  • Agencies seeking an alternative finance and back office partner
  • Agencies currently experiencing funding restrictions or poor service levels from their current provider. For example, we understand RPO structures and terms and conditions and other customers deemed as ‘difficult to fund‘
  • Agencies with Time to Pay arrangements or HMRC arrears
  • We can provide finance on both temporary and permanent placements
  • We can provide funding against export invoicing in all OECD countries and currencies

Speak to us

Give our team a call today to discuss your finance or back office requirements

01244 617 087