Odin Seals Positive Funding Line
Stockport based, new start recruitment firm, Odin Recruitment Group Ltd (“Odin Recruitment”) have secured a funding facility from Positive Cashflow Finance (“Positive”).
Positive are an owner managed, independent invoice finance provider based in Manchester that offer funding facilities to SMEs in a wide variety sectors.
Odin Recruitment are an expert data cabling, telecoms and ICT recruitment firm providing both temporary and permanent workers to Structured Cabling, Network / Digital Infrastructure and Specialist IT Companies throughout the UK.
Managing Director of Odin Recruitment, Paul Ballentyne has over 10 years’ experience in the recruitment sector having worked for a number of well-established recruitment firms during that period. Paul expects to achieve turnover of £1.2million in the first year of trading and have a team of 4 consultants by 2018.
The £150,000 funding facility from Positive ensures the working capital is available to meet the contractors weekly/monthly wages while waiting for their clients to pay. By having the funding available, they are able to take on more contracts without having the cash flow headache of having to find a way to fund them.
Paul Ballentyne said: “Working with Positive ensures we have the funding in place to work with more Contractors, which allows us to support more business with their recruitment needs.
“I felt Positive were the perfect fit for us as Andy took the time to understand the plans we had for the business and tailored a facility to suit us.”
Andy Hume, Regional Sales Director at Positive said: “Paul is very enthusiastic and is clearly extremely knowledgeable in his sector and has an enviable client base.
“We are delighted to offer financial support to a local business and are confident that we will be able to assist Paul to grow the business to the level they want.
To find out more about Odin Recruitment and the services they offer. Visit them at www.odinrecruitment.co.uk