Member Article

Manchester’s Sellick Partnership secures £3.75m finance deal to support growth plans

Manchester-based recruitment firm, Sellick Partnership, has signed a new £3.75m re-finance deal to support its latest growth plans.

The package will see Sellick Partnership bring all of its banking facilities under one roof, with Invoice Discounting facilities moved to RBS Invoice Finance and its day to day business banking accounts handled by NatWest.

The decision follows the company’s earlier announcement to open a seventh office in London this spring and to achieve an increase in targeted profits of more than £1m in the next year.

The Invoice Discounting facility the company has secured with RBS Invoice Finance is set to provide the company with additional working capital during this period of growth, freeing up cash from the company’s sales ledger to support its rapid growth.

Established in 2002, Sellick Partnership is a leading provider of expert recruitment services across the UK. Operating primarily across the financial and legal sectors, the company has branches nationwide including offices in Leeds, Manchester, Midlands, Newcastle, East Midlands and Liverpool.

Jo Sellick, managing director of Sellick Partnership said: “We have been experiencing real growth over the last 18 months as both the interim and permanent markets within the finance and legal sectors have seen an upsurge in demand.

“This increase in revenue has generated growth for Sellick Partnership, and as a result we have got significant plans for the future – firstly with an office opening in London this spring to satisfy the increased demand we have seen from candidates and clients in the south east.”

Jonathan Wilson, head of Business Development at RBS Invoice Finance said: “Sellick Partnership has a top rated management team that has impressed us and we are pleased to be working alongside the business and supporting its growth objectives.”

Guy Boxall, Relationship Director at NatWest added: “We are delighted to provide Sellick Partnership with funding facilities which enable the SME to continue forward with its business growth aspirations. The firm continues to go from strength to strength and we wish it every success for the future.”

This was posted in Bdaily's Members' News section by Ellen Forster .