CREDIT CONTROL TIPS FOR NEW START-UP RECRUITMENT AGENCIES

A hand holding a glowing lightbulb with interconnected business icons and a gear symbol inside, representing innovative solutions for recruitment agencies and back office outsourcing.

Making a placement with a client is the lifeblood of a recruitment agency. However, until the client makes payment, the agency has not fully realised the profit generated by that placement. In many start-up agencies, early placements are handled by the business owner, often using a borrowed invoicing template and without a clear understanding of…

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THE ADVANTAGE OF OUTSOURCING YOUR BACK OFFICE

A person using a calculator and writing with overlaid financial charts and data.

Recruitment business owners need to focus on making placements and nurturing client and candidate relationships rather than wasting time on repetitive administrative tasks. Too often, we see recruiters struggling because they are reluctant to outsource, either out of a desire for control or to save a few pounds. While it may seem sensible to keep…

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DO PAY-AND-BILL SOLUTIONS REALLY SAVE YOU TIME AND MONEY?

A traditional wind-up or key-wound, mechanical spring-powered alarm clock with two bells, between the bell is a pound sign. In the background there are fifty pound notes and and laptop - so show that time is money.

Recruitment agencies placing temporary or contract candidates often face a common funding challenge: workers need to be paid before the client pays the agency. To meet this requirement, agencies can either use their own funds, which carries risk, use a pay-and-bill solution, or secure funding from banks or specialist funding companies in the form of…

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GETTING A SHAREHOLDER AGREEMENT

Birds-eye view of shareholders sitting in a meeting coming to an agreement on purple circle backgrounds with an overlay of people shaking hands.

Running a recruitment agency means you’re not just calling the shots, but you also enjoy the profits, dividends, and value if the business gets sold. If you are the sole director and shareholder, then life is simple. However, if there is more than one shareholder, it’s wise to consider the future and how you’ll work…

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NEW YEAR! NEW YOU? NEW JOB? NEW RECRUITMENT AGENCY?

White paper torn back revealing the white words 'TIME FOR SOMETHING NEW' on a pink background. The white paper that is not torn says 'NEW YEAR! NEW YOU? NEW REC AGENCY?' repeated many times.

The Christmas and New Year break often gives people the chance to relax, reflect, and make decisions about the year ahead. For some recruiters, returning to work after the break can feel different, particularly if internal changes such as increased targets, reduced commissions, or removed bonus schemes have taken effect. When the role no longer…

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WHY THIS CHRISTMAS MAY BE A GOOD TIME TO REVIEW YOUR RECRUITMENT FUTURE

Man's hand held close to a crystal ball, trying to see into the recruitment future, sparkles in the background suggesting that Christmas may be a good moment to reevaluate your recruitment agency and think about what might be happening in the future so you can plan for it.

With the Christmas break fast approaching, many of us will soon be spending time with family, eating and drinking more than we should, and recharging before returning to work in 2026. However, the festive period can also be a valuable opportunity to reflect on the year gone by and set clear plans and targets for…

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WHEN DID YOU LAST REVIEW YOUR INVOICE FINANCE ARRANGEMENT?

A hand holding a magnifying glass over the letters 'IF' which in the financial world is know as a acronym for Invoice Financing. To the right and left of the picture are invoice buttons that are also subject to going under the magnifying glass. MAYACHI purple background.

Invoice finance is essential for any recruitment agency placing contract or temporary workers, as it provides the funding needed to pay contractors before clients settle their invoices. Once these facilities are set up, they can often run smoothly and consistently provide the required funding with minimal administrative oversight, provided they are managed correctly.However, these arrangements…

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HEALTHCARE RECRUITMENT: TO VAT OR NOT TO VAT?  THAT IS THE QUESTION

Light purple background with filled with blocky pill sharped question marks, overlaid is the text: HEALTHCARE RECRUITMENT - TO VAT OR NOT TO VAT? With a purple stethoscope shaped into a question mark.

We’d all agree that VAT isn’t the most thrilling topic. After all, it’s no Grey’s Anatomy! But when you’re placing medical staff through your recruitment agency, understanding how VAT applies can make or break your margins (and your sanity). So, we’ve provided a quick blog post to help make sense of this whole VAT-in-healthcare thing,…

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NAVIGATING THE AUTUMN 2025 BUDGET WHAT RECRUITERS NEED TO KNOW

A compass with the words 'AUTUMN BUDGET 2025' arching inside the compass dial. The idea is that MAYACHI can align finances to show you the correct direction for your business.

On Wednesday, 26th November 2025, at 12:35, the Chancellor, Rachel Reeves, delivered her second Budget speech, even though the OBR had released all the details before she began. The speech was the usual rowdy affair within the Westminster chamber, and the Chancellor spoke for over an hour and four minutes. The Budget focused on reducing…

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