The benefits of recruitment funding – fast and flexible
Recruitment finance A type of funding specifically for recruitment agencies that helps to be able to pay temporary or contract workers, while providing support with the back-office administration around this. It is different to traditional invoice finance / factoring and has some specific benefits which are as follows; Advance rate In most cases recruitment financiers […]
The importance of bad debt protection
What is bad debt protection? Bad debt protection is insurance against your end clients that covers your business if the client were to become insolvent. Why do I need it? It is crucial for you as an owner of a recruitment agency to have credit insurance in place with your end clients. If you don’t […]
Scary truths about traditional funding
Throughout our 8 years of offering recruitment businesses invoice factoring solutions, QUBA Solutions has come across traditional funding or widely known as invoice discounting methods. We’ve seen it happen again and again, agencies failing because the foundations they’ve built themselves on are unsuitable.Cheap? Yes. Flexible and reliable enough for growing recruitment agencies? No. 1) The […]
Could your Supply chain cost you a six figure tax bill?
Recruitment agencies across the UK regularly rely on umbrella companies to handle payments for their temporary workers. Unfortunately, very few business owners are aware of how this can potentially lead to corporate insolvency or even personal bankruptcy. Quite frighteningly, HMRC can issue a huge bill to recruitment agencies if an umbrella company in their supply […]
Why should a recruitment funder be a UK Finance member?
QUBA Solutions and UK Finance: What Our Membership Means for You UK Finance serves as the collective voice of the banking and finance industry in the UK. Representing over 300 member firms, it plays a key role in promoting competitiveness, driving innovation, and ensuring that customers receive the support they need from financial service providers. […]
Benefits of permanent recruitment funding
Why would a recruitment consultancy have their permanent invoices funded? That’s a great question—and one we hear from time to time. Funding your perm invoices offers several benefits. While not every recruitment business will need it, it can be an extremely helpful—and sometimes essential—solution. The main benefits are as follows; Cashflow This is probably the […]
Reporting requirements for employment intermediaries
Employment intermediary reporting is an essential part of running a recruitment agency; submitting the reports are compulsory. Read our help guide to employment intermediary reporting below. What is an Employment Intermediaries Report? An agency that supplies temporary workers to an end client and does not pay those workers on a PAYE (Pay As You Earn) […]
5 Steps To Setting Up Your Own Recruitment Agency
The first 5 steps to setting up a recruitment agency of your own.
Traditional Invoice Finance Alternatives
How does traditional invoice finance work? If you use a bank for recruitment finance, they will typically advance anywhere between 70% to 90% of the invoice value. How does that work in practice? In simple terms, you will produce your own invoices and upload them to the bank’s invoice platform. The bank will advance the […]
Why Security Checks are so Important
Working in the recruitment world, you might already be aware of the need for security checks. Here we delve into why security checks are so important, and how they can ultimately help your business. Why Security Checks are so Important – In Short The Importance of Security Checks in Recruitment Security checks are particularly vital […]
Admin Can Make or Break an Agency – the DANGERS of using traditional finance vs Quba Solutions
What can go wrong for your agency from using a traditional finance solution? We are asked all the time, what do we do that factoring doesn’t? What are the dangers of using traditional financing options? What are the differences? Well strap in, because here are some pretty important things to consider, all of them pointing […]
Can’t Find the Right Talent? Go to them!
With recruitment the way that it currently is – more of a bunfight over the best talent than ever before – it is vital to find new ways to expand your search, expand your reach, and expand your business’ pulling power. We know it in life, and in business; “standing still” in never synonymous with […]
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