Aldermore Bank has provided a £200,000 invoice finance facility to Skipper Recruit, a heavy goods vehicle (HGV) recruitment specialist.
The facility which includes bad debt protection, will allow Skipper Recruit to expand and achieve its growth plans.
Founded in June 2020 after the first national lockdown, the business specialises in supplying HGV drivers and logistics personnel to both the general and specialised haulage sectors.
Based in Norwich, Skipper Recruit provides personnel for clients based in Norfolk, Suffolk, Essex and the Midlands. The agency now has between 30 to 50 drivers out every day with customers that include small local businesses, national retail chains and some of the largest distribution businesses in the UK.
Danny Skipper, founder and managing director of Skipper Recruit, said: “The financing we have in place has been invaluable. It’s enabled us to operate smoothly and run the business with more confidence. Our facility has also grown as we’ve hit our targets which has helped us expand too. The team at Aldermore have been incredibly responsive and helpful all the way through.”
Hugo Hanlan, relationship manager at Aldermore, said: “We’ve been delighted to work with Skipper Recruit and see it grow through its early stages. The business works to clear targets and has developed its understanding of the working capital it needs for further growth. It’s well-positioned for the future and we’re pleased to be able to support it.”