Specialist recruitment business secures £250k growth facility
“Working with Ronan and Momenta Finance on this deal meant we could match our client’s growth plans with a facility that was both flexible and fast. From terms being issued to funds in the client’s account in just over 24 hours, the process was smooth and efficient, allowing the business to press ahead with hiring and investment at a critical point in their expansion.” – Rio Ball, Finance For Business
The client
This opportunity was introduced to Momenta Finance by Rio Ball of Finance For Business. It was led by Business Development Manager, Ronan Carter, who worked closely with Rio to ensure a smooth process from initial enquiry through to drawdown.
The client was a specialist recruitment business providing permanent and contract solutions to the UK manufacturing engineering sector. With a proven track record across a wide range of engineering disciplines, they place real importance on building long-term relationships with both clients and candidates, with a clear goal of becoming the recruiter of choice for the UK manufacturing engineering industry.
The opportunity
The business is in a strong growth phase, driven by increasing demand from new and existing clients across its core engineering markets. To maintain service quality while supporting higher activity levels, the company required funding to invest in additional staff and infrastructure. The objective was to secure a facility that would enable the business to scale operations, take on larger opportunities and grow revenue, without placing pressure on day-to-day cash flow.
Momenta Finance’s Solution
Momenta Finance provided a £250,000 Growth Guarantee Scheme facility over a 48-month term. The funding has been structured to support the company’s expansion plans while keeping repayments affordable and predictable. This will allow the business to recruit additional consultants and support staff, and invest in the systems and infrastructure needed to manage higher volumes of roles and candidates effectively.
Speed of delivery was a key feature of this transaction. Terms were issued at 17:35 on 15 January and the facility was fully funded by 17:48 the next day, 3 hours after the client signed, enabling them to proceed with its hiring and investment plans without delay.
The Outcome
With the new facility in place, the business is well-positioned to scale sustainably, increase consultant headcount and support higher levels of client activity. The funding provides the headroom needed to pursue larger mandates and broaden its client base, while protecting working capital and avoiding cash flow strain as the business grows. This leaves the company strongly placed to further enhance its reputation as a trusted, long-term recruitment partner to the UK manufacturing engineering sector.
The Introducer’s Perspective
“Working with Ronan and Momenta Finance on this deal meant we could match our client’s growth plans with a facility that was both flexible and fast. From terms being issued to funds in the client’s account in just over 24 hours, the process was smooth and efficient, allowing the business to press ahead with hiring and investment at a critical point in their expansion.”
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