Back
Invoice Finance

Helping MyRecruit save £70,000 with a new invoice finance facility

MyRecruit Ltd, a female-owned recruitment agency based in the North West, initially needed an all-in-one invoice finance and back-office service – perfect for launching the business. But as the firm grew, the founders wanted more control and lower costs. Evolve stepped in, found a better deal with Lloyds Bank and helped make the switch – saving MyRecruit over £70,000 over the next 12 months.

Founded in 2022 by Nicole Gilmore and Kathryn Hart, who had worked together in recruitment since 2017, MyRecruit focuses on staffing solutions for warehousing, logistics, manufacturing and commercial roles. Their years in the industry built strong relationships, with many loyal clients following them throughout their careers. Now three years in, MyRecruit has a growing team and a nationwide reach.

As a new business, MyRecruit started with an invoice finance provider that also handled payroll and back-office support – an ideal setup for launching the company. But as the business grew, Kathryn and Nicole wanted more control. Bringing payroll and accounts in-house meant they could access their data directly and explore finance options that suited them better.

A contact recommended Evolve Business Finance and after speaking with director Stef Radymski, it became clear there was a smarter, more cost-effective way forward.

Stef quickly identified that Lloyds Bank could offer the same invoice finance facility for significantly less. By switching providers and managing the back office itself, MyRecruit will save over £70,000 over the next year – money that can be reinvested into the business.

What our client said

A“Working with Evolve was brilliant. Really easy, really straightforward. Stef took all the details and within hours, he came back with an overview of the numbers. He did the legwork, listened to what we needed and found the best options. We trusted him and, in the end, the deal he got us was better than we expected.”

Kathryn Hart, director at MyRecruit

What we thought

A“MyRecruit is a great example of a business that has grown the right way - built on strong relationships, experience and smart financial decisions. Helping Kathryn and Nicole find a better funding solution that saves them money made complete sense.”

Stefan Radymski, Director - Evolve Business Finance