The agency that approached us was an education recruitment agency specialising in placing graduates in educational roles. Founded by an experienced professional with over 20 years in the education recruitment industry, the agency began as a startup with ambitious growth goals.
As a new business, the agency required a secure and risk-free funding solution to manage initial operations and support rapid growth. The agency needed a reliable financial partner to handle back-office functions and provide a foundation for scaling up.
The agency chose to partner with Recruitment Funding Solutions (RFS) and started with the RFS Protect model. This product offered the agency a “comfort blanket” by providing risk-free funding and comprehensive back-office support, crucial for any new recruitment startup.
With RFS handling payroll, invoicing, and other administrative tasks, the agency could focus on building its business. The agency quickly expanded, growing from a complete standing start to five staff members and placing 50 temporary workers within its first year. This rapid growth was reflected in their turnover, which surged from £0 to £2 million in the first year. The success also enabled the agency to move into its first office space, marking a significant milestone in its development.
To continue its upward trajectory and prepare for long-term goals, including the potential sale of the business, the agency transitioned to the RFS Evolve product. This move allowed the agency to record turnover in its own name, gaining greater control over its business operations.
The transition was smooth and efficient, with the full transfer of workers and clients completed in less than a month. With RFS Evolve, the agency began issuing its own Terms of Business (TOBs), invoices under its name, and directly employing candidates on a PAYE basis. These changes enhanced the agency’s reputation within the education sector, solidifying its presence in the market.
The transition to RFS Evolve allowed the agemcy to maintain continuity with the same back-office team, ensuring seamless operations and preserving established relationships. The agency’s growth continued, supported by the flexibility and tailored financial solutions provided by RFS.
Risk-Free Start
Secure funding and comprehensive support from day one
Rapid Growth
Expanded to five staff and 50 temps, achieving £2M turnover in the first year
Seamless Transition
Smooth move to RFS Evolve, completed in less than a month
Increased Control
Business turnover recorded in the agency’s name, with direct employment of candidates enhancing reputation
Continued Growth
Maintained momentum with consistent back-office support and strong client relationships
