Member Article

The Parr Group wins increased funding

HR and recruitment firm The Parr Group has secured an increased funding line from Positive Cashflow Finance.

The business, which is based in Bolton, previously worked with a bank-owned funder since the early 1990s, but started working alongside Positive in 2012.

The Parr Group was in need of alternative funding streams, which Positive offered to help the firm continue its growth plans across new UK wide business drives.

North West clients working with The Parr Group include Catalent in Westhoughton and Bolton-based manufacturing business Eco Technical Ceramics.

The group provides temporary and permanent staff, and is a specialist in commercial, accountancy and industrial recruitment.

The firm also has a dedicated division for Work Based Learning, and offers staff placements to sectors that offer apprenticeships, NVQs and e2e.

Ian Blackledge, partner at The Parr Group, said: “We are absolutely delighted to have Positive on board.

“We’ve developed a strong relationship with the team and they have helped us to develop a bespoke invoice finance package, which will ultimately improve our cashflow.

“It has been an effortless process working with Positive as they are experts in our industry. The team does not operate on a box-ticking basis and they have come up with a logical solution to support our business’s needs.

“This has allowed us to deliver quality services to our clients and keep up with regular repayments.”

Phil Chesham, sales and marketing director at Positive, added: “We are delighted to have been able to provide a facility for The Parr Group to replace their previous funder and support their working capital requirements.

“They have built up a solid client base in the North West and are already looking to expand into other UK regions. We are confident that our funding line will help the business continue with its ambitious growth plans.”

Positive works with businesses and offers funding between £10,000 and £1m to improve working capital, fund acquisitions and growth acceleration.

This was posted in Bdaily's Members' News section by Miranda Dobson .