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Recruitment’s First 100% Perm Recruitment Finance and Rebate Scheme Extended Across UK

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Simplicity has announced the success of the only 100% invoice finance and fully funded 12 month rebate option for permanent recruitment businesses. The 100% Perm Finance solution provides 100% of finance upfront as standard on permanent placements. In doing so, recruiters have immediate access to the full value of each invoice raised, taking away problems associated with cash flow management.

David Thornhill, managing director of Simplicity said:

“Our 100 per cent Perm Finance solution with 12 month rebate scheme is the only one of its kind for the UK recruitment industry. The great part about the solution is Simplicity pays the rebate, not the agency.

“We know the major issue stopping agencies from reaching their true potential is cash flow, in one simple solution we provide agencies with the ability to attract new clients with the 12 month rebate and the cash to help them grow. The 12 month rebate is unique in providing a platform to increase fees and therefore improve their profits.

“We are committed to helping recruitment business owners achieve the success they seek and we believe that our 100 per cent Perm Finance scheme will help our customers achieve faster, smarter growth by providing them with the critical tools and financial control needed to run a long term, successful and profitable business,” Thornhill added.

The recruitment sector is currently booming with over 4,000 new agencies opening their doors in the last 12 months alone. This has resulted in greater competition within the permanent recruitment space and an even greater need for recruiters to stand out from the crowd. This is where Simplicity can make a difference.

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Never switches off. Dubbed as Mr Innovation by colleagues and industry, in 1987 David Thornhill first started out in the recruitment industry as a payroll clerk for a local firm in Gloucestershire, Staff UK. David went onto write the first ever software model of its kind for the temp recruitment market, integrating payroll, invoicing, sales ledger, funding and comprehensive management reporting; in essence creating a completely new funding supplier sector.

Prior to the Cash Simply venture he also worked as a board director for another recruitment company, where David used his extensive operational, accountancy and IT skills, to streamline processes and grow the business through increased cash flow and cost savings.

In April 2004, David aka “Mr Innovation” and Tom Atkinson joined forces to launch and begin trading under the brand name Cash Simply, which marked the start of a company based on a similar model to those they had previously developed to great success. They have progressed from a standing start to an annual turnover of more than £45 million, and have built an operational base that could double or treble that volume.

When he’s not dreaming up his next business venture, David enjoys running, attending music festivals and doing the occasional charity skydive. His next challenge is to complete a marathon.

 

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