Nursing recruitment agency expands with Lloyds TSB Recruitment Finance
As businesses expand it’s crucial they have the financial support to enable them to flourish. Nursing Recruitment Agency, The Flame Lily has taken advantage of Lloyds TSB’s Recruitment Finance solutions to help it manage its cash flow as the business grows.
Established in 2001, The Flame Lily is a highly respected temporary nursing recruitment agency based in the UK. It has over 50 NHS and private hospital clients and over 1,000 nurses registered on its books.
Director, Never Ndemera, needed flexible financial solutions that would help him meet the changing demands of his growing business. Mr Ndemera took the initiative to get in contact with Commercial Finance’s Recruitment Finance Division.
“Our business continues to grow at a fairly rapid pace. Our reputation has strengthened and existing clients are taking on more of our temporary nursing staff. This means we have more staff that need to be paid on Fridays. For obvious reasons this made managing our cash flow challenging.
Client relationship manager Peter Turner recommended the CashFriday solution to us. As our business grows, the CashFriday solution enables us to stay on top of our invoices and ensure our temps are always paid on time,” said Mr Ndemera.
With more business coming from existing clients, Mr Ndemera also wanted to ensure The Flame Lily was safeguarded against the repercussions of a client going into administration or not being able to pay its invoices.
“Our CashFriday package also entitles us to debtor protection. This has proved useful already as one of our customers has been going through a tough time and has been unable to pay its invoices,” said Mr Ndemera.
Since its establishment The Flame Lily has doubled in size. By working with Commercial Finance’s Recruitment Finance Division, Mr Ndemera has successfully managed the financial growing pains of his business.
“We’ve developed a strong working relationship with Peter and his team. Their support has meant we can effectively manage our cash flow whilst our business grows,” said Mr Ndemra.