Released on: March 17, 2008, 8:54 am

Press Release Author: Andrew Millet

Industry: Financial

Press Release Summary: Getting the investment and fundraising process right is
crucial for a recruitment agency. Business planning and fundraising expert Andrew
Millet of Wisteria Ltd aims to help.


Press Release Body: London, UK - 14/03/08 - Wisteria, a prominent business advice
and accounting firm based in North West London, have recently launched a bespoke
advice service for UK based recruitment agencies. The aim of the Wisteria\'s service
is to help recruitment agencies with fund raising, business plans, tax planning and
cashflow forecasting. The service is founded on the successful track record Wisteria
have with a number of leading UK recruitment agencies.

Andrew Millet FCA MBA (Wisteria\'s principal) comments \"Start up\'s and established
Recruitment companies can have cash flow fluctuations and money shortfalls due to
the fact that temps and agency workers expect weekly payment, whilst invoices raised
with the client for the services rendered can often take up to 30 and even 60 days
to be settled. On top of that there are PAYE and National Insurance taxes to
consider. This can potentially leave a young recruitment agency vulnerable.\"

Andrew also adds: \"The most common methods to finance a recruitment agency is
factoring, invoice discounting, overdrafts, bank loans, angel investment and asset
finance. Wisteria.co.uk provides in-depth explanations of each. Combined with a
focused and tailored business plan and cash flow forecasts Wisteria helps
recruitment agencies raise funds in a short period of time\".

It is always worth getting in touch with a chartered accountant before entering any
arrangement of this nature. This is because experienced accountants know the market
place and can negotiate and advise on the best source of funds.

Andrew concludes: \"Wisteria\'s bespoke recruitment agency finance advice service is
targeted specifically at helping recruitment agency businesses, regardless of
whether they are established or start-ups\".

To find more information on financing a recruitment agency business and to get
expert advice from experienced professionals please visit http://www.wisteria.co.uk
.



Web Site: http://www.wisteria.co.uk

Contact Details: Cavendish House
369 Burnt Oak Broadway
Edgware
London HA8 5AW

Phone: 020 8952 0140
Fax: 020 8952 0150
Email: seo@wisteria.co.uk