Time Finance has provided TBOS Healthcare Solutions with an invoice finance facility to support cashflow and early-stage growth.
The Cheshire-based recruitment start-up, which is headquartered in Wilmslow, supplies temporary and permanent healthcare workers to organisations supporting people across mental health, addiction and homelessness services. The business was founded by recruitment specialist Josh Brown and is using the facility to strengthen working capital as it builds its client base.
The facility was first agreed at £50,000 and has since been increased to £100,000. That increase gives TBOS more room to manage payroll commitments while taking on larger contracts. In recruitment, cashflow timing is critical because staff often need to be paid before client invoices are settled. Without suitable funding, that gap can limit growth even when demand is present.
The support from Time Finance has already helped TBOS take on its largest client to date. The company has also secured an exclusive partnership and gained access to the Matrix recruitment platform, which can help it reach more opportunities and manage demand more effectively.
TBOS now plans to invest further in technology and customer relationship management systems. These are practical steps for a young recruitment business looking to scale without losing control of service levels, compliance and client management.
Time Finance plc (LON:TIME) is an AIM-listed business specialising in the provision or arrangement of funding solutions to UK businesses seeking to access the finance they need to realise their growth plans. Time Finance can fund businesses or arrange funding with their trusted partners through Asset Finance, Invoice Finance, Business Loans, Vehicle Finance or Asset Based Lending.
