Yorkshire based Mynt Recruitment has agreed a £825,000 invoice finance funding package with Aldermore, to manage an increasing sales ledger and see the business through its next stage of growth.
An acronym for “Meeting Your Needs Today”, Mynt was founded in December 2004 as part of a national recruitment franchise. It became independent in 2009 and now has 15 office-based employees working across three branches, in York, Hull and Rotherham, allowing it to offer its services to the whole of Yorkshire.
Focusing on the supply of up to 300 temporary workers in engineering, production, manufacturing, logistics, commercial, and sales roles at any one time, Mynt required additional funding to support rising demand.
John Stanton, chairman of Mynt Recruitment, said: “We have established a strong working relationship with Aldermore. 2018 and 2019 are pivotal years for us, with the opening of new premises and substantial technology investment. We know that the Bank will continue to provide the necessary support to help us grow our business further.”
St John Emms, relationship manager at Aldermore, said: “Relationships with clients like Mynt are what make us proud to do the work that we do. We have supported the business every step of the way and are delighted to see their business go from strength to strength. The management team at Mynt is exceptional – a group of loyal seasoned professionals providing an unrivalled level of service to a growing market.
“We look for partners who have a clear vision and are as passionate about their work as we are. The team at Mynt is the embodiment of that quality.”