Recruitment Funding

We support Julia’s House; here’s why and how.

Here at QUBA & Clipper, we strongly believe for society to thrive, we must all collaborate. Every person, every organisation, every business, has a responsibility towards society, the environment, and each other. Throwback to 2017/2018 we made a conscientious decision to support two charities: one local to our Headquarters in Dorset, Julia’s House Children’s Hospice […]

Business Advice

Crafting your future: 5 Reasons to launch your own recruitment business.

Let’s talk about something exciting – the prospect of launching your very own recruitment business. Entrepreneurship can seem like a daunting idea for most, but trust me, in the world of talent acquisition, it’s a journey worth considering. As someone who’s knee-deep in the finance sector, particularly in supporting recruitment entrepreneurs like yourself with invoice […]

Business Advice

IR35 – what recruitment agencies need to know

One of the biggest bumps in the road within the recruitment industry over the last few years has been the changes to IR35. Even though things seem to have settled over the last few years, if you are a recruitment agency placing or looking to place limited company contractors you need to be aware of […]

Business Advice

Fraud warning – Ghost workers

The Invoice Finance Sector has seen a significant increase in cases of ghost workers. This typically involves a fraudulent company approaching a legitimate recruitment company and requesting they put workers through the payroll that aren’t legitimate. What are ghost workers and how can they have an impact? It’s the Director’s and owner’s responsibility to ensure […]

Business Advice

State of recruitment market

Introduction: Most sectors saw a quieter 2023 compared to the heady recruiting sprees post pandemic. Economic uncertainty hung in the air, the cost of borrowing increased significantly and labour shortages continued.  So, what will shape 2024 for the recruitment industry? Various factors such as technological advancements, economic shifts, and the aftermath of global events from […]

Business Advice

5 Things to consider when placing contractors internationally:

1: Obtaining specialist advice on the country that you are wishing to place the worker: Every country has its own laws on residency and tax, so it’s recommended that you seek the advice of a specialist in the relevant country. There are many Umbrella companies that offer such specialist advice and tailored payroll services for […]

Business Advice

The Hidden Costs of Recruitment Funding

Throughout our 9 years of operating in the recruitment funding world, we’ve had thousands of conversations with recruitment agencies and some of those have been partnered with competitors of ours. One thing that frequently comes up in conversation is hidden fees, or extra costs. Here’s a selection to be aware of: – Subscription / Platform […]

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What to do at renewal stage?

When approaching the end of your recruitment funding agreement, you may be unsure of what to do. It’s the perfect time to take a step back and assess how your funding partner has performed for you throughout the partnership. You may feel the solution you have in place is acceptable and renewing is the simplest […]

Business Advice

Get ready for launch in 2024!

Starting a temporary recruitment agency in the UK in 2024 presents unique challenges, considering the dynamic nature of the job market and the specific trends within the temporary staffing sector. However, that shouldn’t put you off.  Being Captain of your own ship can be a rewarding and exhilarating experience.  At QUBA Solutions, on average, we […]

Business Advice

2023 takeaways

For many, 2023 has been a challenging year in recruitment. There has been a downturn in placements, costs have increased, and insolvencies have been on the rise. But it’s not all doom and gloom, there’s been some positives to 2023 with newly formed businesses flourishing despite the economic knock backs as well as established agencies […]

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The end result of holding temps’ payroll; Conduct Reg Breach

We hear stories (fairly regularly unfortunately) about recruitment invoice financiers refusing to pay their agencies’ contractors / temps. This is obviously an awful situation to be in and very stressful for the agency with temporary workers relying on them to be paid. There is no legitimate reason why this should happen but, when it does, […]

Recruitment Funding

The benefits of recruitment funding – fast and flexible

Recruitment finance is a type of funding specifically for recruitment agencies which helps to be able to pay temporary or contract workers, while providing support with the back-office administration around this. It is different to traditional invoice finance / factoring and has some specific benefits which are as follows; Advance rate – in most cases […]

Business Advice

The importance of bad debt protection

What is bad debt protection? Bad debt protection is insurance against your end clients that covers your business if the client were to become insolvent. Why do I need it? It is crucial for you as an owner of a recruitment agency to have credit insurance in place with your end clients. If you don’t […]

Recruitment Funding

Scary truths about traditional funding

Throughout our 8 years of offering recruitment businesses invoice factoring solutions, QUBA Solutions has come across traditional funding or widely known as invoice discounting methods.We’ve seen it happen again and again, agencies failing because the foundations they’ve built themselves on are unsuitable.Cheap? Yes.Flexible and reliable enough for growing recruitment agencies? No. 1) The Funding LevelThe […]

Business Advice

Could your supply chain cost your business a six figure tax bill?

Umbrella companies are used regularly by recruitment agencies across the UK to pay temporary workers. Unfortunately, very few business owners are aware of how this can potentially lead to corporate insolvency or even personal bankruptcy. Quite frighteningly, recruitment agencies can be hit with a huge bill from HMRC if an Umbrella company in their supply […]

Business Advice

Why a recruitment funder should be a UK Finance member?

UK Finance is the collective voice for the banking and finance industry. It represents more than 300 firms across the industry, acting to enhance competitiveness, support customers and facilitate innovation. UK Finance has quickly become recognised as an authoritative, balanced, evidence-led industry body, representing their members who provide finance, banking, markets and payments-related services in […]

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Business Advice

Traditional Invoice Finance Alternatives

How does traditional invoice finance work? If you use a bank for recruitment finance, they will typically advance anywhere between 70% to 90% of the invoice value. How does that work in practice? In simple terms, you will produce your own invoices and upload them to the bank’s invoice platform. The bank will advance the […]

Recruitment Funding

Admin Can Make or Break an Agency – the DANGERS of using traditional finance vs Quba Solutions

“Know your Apples from your Onions!” What can go wrong for your agency from using a traditional factoring solution? We are asked all the time, what do we do that factoring doesn’t? What are the differences? Well strap in, because here are some pretty important things to consider, all of them pointing to the age-old […]

Business Advice

What Are Your ‘Bad Clients’ COSTING You?

Running a successful business doesn’t just rely on your ability to win new work and new clients; it relies on dropping bad clients too. Letting go of work may sound counter intuitive, but it is so often a fundamental key to a business’ success. You wouldn’t believe how many customers we’ve seen running temp desks […]

Business Advice

Frequently Asked Questions: Transferring Funding Providers

Why would you change funding providers? There are a few reasons that you may consider switching your current funding provider, here are some of the main ones: Your current deal is not cost effective. It’s no secret that you need to pay your invoice finance provider for their services with a percentage of each invoice […]