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 […]

Business Advice

Benefits of permanent recruitment funding

Why would a recruitment consultancy have their permanent invoices funded? It is a good question and one that we do get asked every now and again. There are several benefits to having your perm invoices funded, it won’t be needed by all recruitment businesses and it may be dependent on certain circumstances but it can […]

Business Advice

Is it a risk to start a recruitment business in 2023?

Let’s start off by acknowledging that seemingly every year brings about new challenges, new dramas and new potential concerns and anxieties about the state of business and the state of the world! 2023 is no different. No pandemics or Brexits or new wars on the horizon [we hope], but instead the media is warning at […]

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 […]

DynamiQ

Stay Connected – Even by the Pool ☀️

Summer is well and truly upon us, and with it holiday season. Not just for your network; your candidates, clients, your team and your colleagues… but for you too! Now, taking time off is vital. It is an essential part of work life balance – taking time out to recharge and reset. For many of […]

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 […]

Business Advice

Does your Funding Provider Actually Understand your Business?

We have plenty of options in the recruitment world for all of our service providers, in most cases. Most funding providers out there in the market offer traditional finance solutions – they simply fund companies and generally have an outdated, often very rigid approach in doing so. We hear stories all the time of the […]

Business Advice

Understanding debt and how it’s crucial to running a successful recruitment business

Here are a few of our key factors that are absolutely essential in reducing your exposure to debt and managing its performance.