Bibby Group launch combined funding and payroll offer

The Bibby Financial Services Group has today announced the launch of a new product designed specifically to support the recruitment sector.

The service, which will be offered by Bibby Management Services Ltd (BMS), will focus on providing a suite of back office support services.

As Steve Hollings of BMS explained ìwe have a large number of clients in the recruitment sector who use our funding services and research undertaken amongst them left us in no doubt that they were keen for us to develop a payroll product to support that side of their business. Essentially they wanted a one stop shop solution for agencies from a supplier they trustedî.

The service will focus on supporting the finance and accounting parts of their business through a range of services covering payroll, book-keeping, statutory reporting (VAT,PAYE, NI), sales & purchase ledger maintenance, management reporting to name a fewî.

The intention is to expand the product offering to other related services if demand dictates.

As Steve continued ìClients will essentially benefit because it allows them to focus on running their business rather than administering it. They will have access to qualified professionals as and when they need itî.

The launch comes at a time when the recruitment sector is weighed down by the increasing amount of administration resulting from legislative changes. The sector needs a helping hand ñ this could just be it.