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WHAT TO LOOK FOR ON AN INVOICE FINANCE QUOTE

Invoice finance is essential for recruitment agencies making contract and/or temporary placements, as it provides advance funding…

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INTERMEDIARY REPORTING – WHY ARE AGENCIES STILL NOT COMPLETING THIS?

On 6th April 2014, HMRC introduced the Employment Intermediaries Reporting requirements. This quarterly report must be completed…

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A hand adds a coin to a growing stack, overlaid with glowing digital growth charts and upward-pointing arrows. This illustrates how recruitment agencies can scale and increase profitability by utilising a professional recruitment back office.

4 BENEFITS OF BACK OFFICE OUTSOURCING YOU DIDN’T THINK OF

Recruitment agency directors should stay laser-focused on what they do best—making placements and scaling their business. Tasks…

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A professional conceptual image of wooden blocks / die resting on stacks of coins. A large block on the left is inscribed with the word "BUDGET," while smaller blocks to the right display financial icons like gears, rising bar charts, and pie charts. This illustrates the complex fiscal planning required by recruitment agencies following the Labour Spring Statement 2025, emphasising the need for robust bookkeeping, expert accountancy services, and a streamlined recruitment back office.

LABOUR SPRING STATEMENT 2025 – WHAT DOES IT MEAN FOR RECRUITMENT

On Wednesday, 26th March 2025 at 12.37, the Chancellor, Rachel Reeves, commenced her Spring Statement. The Chancellor…

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RECRUITMENT AGENCY EXPO – LONDON EXCEL – 18th-19th MARCH 2025

On Tuesday, 18th March 2025, the Recruitment Agency Expo kicked off at the Excel Centre in London…

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A top-down view of black dress shoes standing before a purple line that separates the words "YES" and "NO" on a dark, textured floor. This symbolizes the strategic decisions faced by recruitment agencies when selecting professional accountancy services, specialized book keeping, or a comprehensive recruitment back office solution.

I HAVE NO RECRUITMENT EXPERIENCE, SHOULD I START A RECRUITMENT AGENCY?

Every year, there are over 7,000+ new start-up recruitment agencies joining the growing number of companies within…

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Ten miniature woven baskets, each containing a single white egg, arranged in two neat rows against a white background. This visual representation of the proverb "don't put all your eggs in one basket" illustrates the importance of debtor diversification for recruitment agencies to avoid hitting concentration limits on their recruitment back office funding.

WHAT ARE CONCENTRATION LIMITS ON AN INVOICE FINANCE FACILITY?

When a recruitment agency requires funding through an invoice finance arrangement (often when making contracts or temporary…

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A person’s hand intervening to stop a row of falling wooden dominoes, protecting two stacks of coins. This visual metaphor illustrates how recruitment agencies use credit insurance to safeguard their recruitment back office cash flow and ensure financial stability.

BAD DEBT PROTECTION/CREDIT INSURANCE – WORTH PAYING OR WASTE OF MONEY?

Every recruitment agency hopes that when they make a placement, the invoices raised to the client will…

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Two hands in business suits holding a glowing digital globe, surrounded by a complex web of interconnected nodes and light sparks. This represents the global reach of recruitment agencies and the sophisticated recruitment back office infrastructure needed for international expansion.

4 FACTORS TO CONSIDER WHEN LOOKING INTO INTERNATIONAL RECRUITMENT

International placements are one of the methods UK recruitment agencies are exploring in 2025 to grow their…

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A person holding a glowing lightbulb featuring a rocket ship icon and upward arrows pointing towards a target. This conceptual image represents the spark of an idea and the launch of new recruitment agencies, supported by a robust recruitment back office.

WHEN SHOULD YOU START YOUR OWN AGENCY INSTEAD OF WORKING FOR ONE?

Every person who looks to start their own recruitment agency has their own reasons to take that…

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A person holding a large red octagonal stop sign in front of their face against a vibrant purple background. This striking visual serves as a warning for recruitment agencies to stop using unsuitable funding methods for permanent placements and to seek expert accountancy services.

RECRUITERS, STOP FUNDING PERMANENT PLACEMENTS THROUGH INVOICE FINANCE

Invoice finance is a great way for a recruitment agency to receive cash into their bank account…

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A purple calendar page for April with the 31st circled in bright purple ink and the words "PAY DAY!" handwritten inside. This highlights the importance of effective credit control for recruitment agencies to ensure consistent cash flow.

6 CREDIT CONTROL TIPS TO GET PAID ON TIME

When an agency makes a placement, there is an element of elation in helping the client and…

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WHAT ARE THE ADVANTAGES OF INTERNATIONAL RECRUITMENT?

Clients at MAYACHI often ask if expanding recruitment efforts to regions like Europe, the USA, or other…

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Close-up of a person’s hands using a calculator and writing on paperwork in a sunlit office next to a laptop. This represents the detailed financial analysis required by recruitment agencies when considering a move to invoice finance for their recruitment back office.

THINKING OF MOVING FROM PAY-AND-BILL TO INVOICE FINANCE?

Pay-And-Bill solutions are a great way for start-up and smaller recruitment agencies to place temporary or contract…

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Hexagonal wooden blocks with red arrows on a purple background, arranged in two paths that diverge in opposite directions. This illustrates the point at which recruitment agencies and their current providers may part ways, highlighting the need for more specialised accountancy services.

SHOULD YOU BREAK UP WITH YOUR ACCOUNTANT?

Although recruitment directors’ focus for their recruitment agency is to make placements, the staple within their business…

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