Recruitment Finance

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When you work with a lot of staff, all on time-sheets, the admin work involved in getting your wages out can be a nightmare. In fact, we know it keeps more than one employer up at night. Don’t let this be you. Here at All Star Funding Solutions, we know that you need to focus on your business, not on your payroll. As a result, recruitment finance might be just what you need.

We recognise that Recruitment Finance is a necessity for many a recruitment agency. This type of funding is used to help pay temporary workersand contractor staff while waiting for invoices to be paid by clients. At the same time Recruitment Finance offers a solution to help you managethe day-to-day running of the back office administration and timesheet management. We work with a vast panel of Recruitment Finance specialists who can help your Business by releasing the cash tied up in unpaid invoices whilst removing the administrative burden. This can leave you valuable time to manage your business. Over All Star Funding Solutions we work with a variety of Recruitment Finance lenders and support teams. This means we are in a great position to negotiate the best deal to benefit your company. We will take a look at your financesand business options, and aim to broker a deal that will suit you.

Payroll Finance

We understand the importance of ensuring your workers get paid on time. Whether this is for temporary staff, permanent staff or self-employed contractors, we will arrange for the payroll solution that best fits your business.

  • Set up, amendment and deletion of employee records
  • Running of the payroll to calculate gross pay, deductions and nett pay
  • Create secure payslips
  • Create P45s
  • Arrange for payment to employees by BACS
  • Payroll compliance

Invoicing

We can arrange for a lender to raise your invoices for you using your own company-headed paper and VAT number.

Options include:

  • Preparing invoices from weekly timesheets or data
  • Mailing invoices
  • Completing a drawdown of funds to cover payments to workers
  • Analysis of VAT for VAT Return

Credit Control

We work with a panel of lenders who are able to complete your credit control in a professional manner.

  • Sending Statements
  • Sending reminder letters
  • Chasing for payment by telephone
  • Taking legal action if necessary

Invoice Finance

We work with numerous lenders who can provide payroll funding to pay temps and to provide you with the working capital to grow your business. With an Invoice Finance facility you can now get up to 100% of the value of your invoices on the day that they are raised.

The charges for using Invoice Finance differ on a case by case basis. The fees are usually no more than 5% per invoice.

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