How TempStaff Solutions Ltd Accelerated Growth with Invoice Finance
Real results from a real business just like yours.
£50K–£80K
Weekly Facility
48 hours
Approval Time
6×
Revenue Growth (Yr 1)
£17K
Annual Cost (vs. £20K overdraft)
The Challenge
- Growing temp agency: placing 30–50 temps per week with corporate clients.
- Payroll crunch: £25K weekly payroll required Friday; client invoices due Monday; client payments arrive in 30 days.
- Overdraft maxed at £50K; couldn't hire more temps without increasing overdraft cap (expensive at 18% interest).
- Growth constrained by cash, not demand: turning away clients due to payroll funding limitations.
The Solution
- Applied for invoice factoring facility with non-recourse option (clawback protection for temp placements).
- Structured facility: £30K–£80K weekly advances (matching temp invoicing volume).
- Selective invoicing: financed high-value corporate clients (good payers, no clawback risk).
- Confidential discounting: clients didn't know factoring was being used (no perception impact).
- Facility approved within 48 hours; first advance received Tuesday of following week.
The Results
✓ Payroll Funding
100% of payroll funded week-to-week via invoice advances. No more Friday cash-flow stress.
✓ Temp Placement Growth
Week 1: 30 temps → Week 52: 120 temps (4× growth). Cash flow was the only bottleneck; factoring removed it.
✓ Revenue Growth
Monthly invoicing: £200K → £1.2M (6× growth). Marginal cost of temp placement stayed constant (factoring fees offset by scale).
✓ Client Roster
From 12 corporate clients → 45 clients. Ability to take on new client volumes (cash flow no longer constraint).
✓ Overdraft Elimination
Overdraft reduced from £50K (maxed) → £5K (unused). Replaced expensive debt with low-cost invoice funding.
"Invoice finance solved our payroll problem overnight. We could finally say yes to growth opportunities. Temp placements grew from 30/week to 120/week because we had the cash to fund payroll. The factoring fees (2.5%) are a rounding error compared to the business we gained. Overdraft interest would've been crushing."
Helen M.
MD, TempStaff Solutions
Unlock growth with invoice finance.
Pay temps today, invoice clients Monday, get funded Tuesday. Recruitment agencies welcome.
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