Dorset: Leumi ABL completes funding deals with recruitment back-office specialist
Leumi ABL has added Quba Solutions, a Dorset-based recruitment services business which operates a complete back office for recruitment agencies, to its client portfolio.
Quba has invested significant time and money into its unique online dashboard system which includes the creation and authorisation of timesheets online, automated invoicing, credit management and finance.
Ashley Lyas, director at Quba Solutions, said: “We already run a successful business for contractors and agencies, ensuring they are legally compliant. Our system allows temporary recruiters to focus on their customers and spend more time on business development and subsequent fee-generating activities rather than on back office administration.”
Paul Tonks, Quba’s finance director, added: “Business has really taken off, and we became concerned about stretching our resources, so we accelerated a search for a finance provider to partner with. The facility with Leumi ABL solves that problem. The initial limit will allow us to treble our business before we need to ask for a review.
“Leumi ABL took the time to understand our business, and introduced us to our client manager before it had even done the due diligence.”
The deal was introduced by the client’s auditors, RSM. Advisers involved in the deal were RSM and Addleshaw Goddard.
