Specialist recruiter bags £2.5m package to fund expansion plans
Lincoln-based recruitment firm Clements Young has secured a £2.5m funding package from NatWest to help accelerate its growth plans.
The construction and M&E specialist says it will use the invoice finance facility to explore a number of expansion opportunities, including recruiting more staff and opening more locations across the UK.
Matthew Jones, managing director at Clements Young, said: “As the business grew organically over the last few years, it became increasingly important that we secured a new finance solution that matched our needs and future ambitions. This new funding line gives us the flexibility and freedom to explore new opportunities, which really puts us in control of our own destiny.
“The team at NatWest have been invaluable in terms of their advice and support in terms of helping us move from a previous provider. Throughout, I’ve been able to pick up the phone and speak to the team, so it’s felt like a seamless transition for us and this personal touch has been an added bonus to the deal.”
Ken Feast, business development director, invoice finance, at NatWest, added: “It’s been fantastic to work closely with Matthew and his team to not only provide them with an invoice finance package that suits their needs but also support them with the wider aspects of taking a business on to the next stage of their growth journey. I’m really excited to see what’s next for them.”
Newark-based broker Funding Round advised on the deal supported by NatWest broker relationship manager Ben Davey.