Recruiter Protec gears up for growth

A SMALL Lancashire recruitment firm  is hoping a £1m+ funding deal will accelerate its growth.

Lancaster-based Protec Recruitment, which provides temporary staff to the industrial and logistics sectors, wants to boost its national footprint to beef-up its expansion plans.

Founded in 2012, Protec has six-full time staff, with as many as 200 agency employees currently on its books.
 
The £1.4m funding line from Secure Trust Bank Commercial Finance  will be used to support the company’s  day-to-day operations, aiding the firm’s cashflow and will assist with covering agency staff costs.
 
Managing director Dan Crosley said: “As a recruitment firm, having the ability to cover the cost of your agency staff is essential, and as a result, flexibility from your finance provider is crucial.
 
“It’s an exciting time for the company, and with further expansion expected in the coming years, the flexibility that Secure Trust can provide will become even more important.”
 
Matthew White, regional sales director at Secure Trust Bank Commercial Finance, added: “Recruitment as a sector is one reliant on alternative funding solutions to aid with working capital, particularly when considering the costs of covering up to 200 agency staff.

“The business has grown considerably over the last three years, and with the backing of a strong management team, Protec is in a strong position to maximise growth in the coming months.”