When it comes to setting up a recruitment agency, UK entrepreneurs are often deterred by the challenges and expenses involved. This is why it is crucial to seek professional support and guidance from the outset. TBOS has a proven track record of delivering high-quality back-office services to recruitment agency start-ups. For over ten years, we have helped top-billing recruiters maximise their chance of business success.
Services For Permanent Recruitment Agencies
Undoubtedly, permanent start-up recruitment agencies can benefit from the back-office solutions offered by TBOS. These solutions ease your workload significantly, allowing you to concentrate on finding candidates, making sales, and building your client base. We realise that setting up a recruitment agency can put a strain on your budget, so we only bill you once you have made your initial placement. TBOS provides the following services for permanent agencies:
- Company creation, business planning and banking
- Permanent placement invoicing
- Email accounts and telephone support
- Daily bookkeeping and supplier payments
- Credit control
- End-of-year statutory accounts
- VAT returns and management accounts
These services are a godsend when setting up your own recruitment agency. The Accounts and Back Office Team at TBOS are industry experts, so you can reduce your outlay on technology, office, and staff overheads. Some agencies that work with TBOS have reported a fifty-day reduction in their average number of debtor days, just a few months after joining. All this leads to increased profitability and cash flow.
Services For Contractor and Mixed Recruitment Agencies
TBOS has a specialist team that works with numerous contract recruitment agencies, offering full customised support for recruiters placing one or more contractors. Over the years, TBOS has arranged more than seventy-five invoice finance plans for its recruitment agencies and built relationships with various lenders. Consequently, we can obtain invoice finance plans for recruitment agency start-ups (for both contract and permanent placements) that are cheaper than anything else available.
TBOS offers versatile funding options in fifteen currencies throughout Europe, America, Australia, Asia and South Africa. No long-term obligations or set-up fees are involved. You just contact our team when an international placement opportunity arises. TBOS will then conduct the required credit reviews and set-up your foreign currency accounts, before negotiating your international finance to kickstart your deal.
Next, after you finalise the deal, our staff will handle your invoicing, timesheets, payments and credit control. We closely monitor the exchange rate to avoid any financial losses during your placement. Better still, we do not bill you for our services until your contractors go to work, so you save money straightaway.
In comparison to employing an accounts department in-house, TBOS offers affordable administration solutions for recruitment businesses of all kinds. To learn more about how to set up a recruitment agency, contact TBOS today.
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