- Sector: Recruitment
- Location: Clare, Dublin and UK
- Solution: Confidential Invoice Discounting
Unlocking cashflow to achieve business ambitions
TTM Healthcare Group is a leading global healthcare recruitment company, delivering effective and innovative staffing solutions to the public, private and not-for-profit sectors across Ireland, the UK, Europe and the Middle East. The business has grown rapidly since 2002 and to assist that growth needed access to immediate funding to meet current demand, as well as take on new clients and help them achieve their ambitious growth plans by improving their cashflow position.
With a team of over 140 dedicated staff across heir networks in Ireland and the UK, they support over 3,000 workers find temporary roles each year and over 2,000 find permanent jobs. TTM Healthcare Group has grown to turnover in excess of €50m and has a strong international footprint with over 50% of its business occurring outside of Ireland.
With an expert understanding of the cashflow needs of businesses within the recruitment sector, Bibby Financial Services structured a confidential invoice finance facility that would support their expediential business growth over a 10 year period. With flexible funding in place TTM Recruitment were able to meet the demand of high volume payroll for both contract and permanent staff, as well as unlock cash from their debtor book to invest in business growth and enhance competitiveness.
Brian Crowley, Chief Executive Officer, TTM Healthcare commented, "I would have no hesitation recommending Bibby Financial Services. They have a clear understanding of our business and strategy for growth. We are very ambitious and want to grow fast, and the funding we received has given us the confidence to go after our growth plans."