Founded in 1996 by CEO Rosaleen Blair, Alexander Mann Solutions provides integrated workforce planning, talent acquisition and talent management solutions to its Fortune500 and FTSE100 customer base through a portfolio of outsourcing and consulting services. It currently operates in over 90 countries, employing more than 4,500 people and servicing over 100 clients.
The working capital funding package will enable Alexander Mann Solutions to continue its growth trajectory and further enhance its suite of solutions for clients, helping to cement its position as the largest global provider of talent acquisition and management services by market share.
Joanne Roberts, Interim Chief Financial Officer, said: “Alexander Mann Solutions has built a reputation for being a global industry leader in engaging, motivating and retaining the best talent for its clients. We are now looking to continue to expand our client base, invest in our people and explore new opportunities, both in the home market and overseas.
“Lloyds Bank has provided us with the working capital required to drive growth, and we now have a clear focus on winning new business and widening our global customer base.”
Martin King, Director, Invoice Finance & Asset-Based Lending at Lloyds Bank, said: “For companies who are looking to drive and accelerate growth, working capital is essential. The funding package provided to Alexander Mann Solutions has given the business the capacity to invest in its future and continue to develop its leading talent management solutions without impacting its day-to-day cashflow.
“The business is another great example of the type of firm we’re proud to work with, providing them with a relationship-led approach to financing and long-standing sector expertise. We’re committed to helping firms across the UK prosper, which is why we’ve pledged to lend £2.6bn to businesses in the capital this year, enabling us to support them throughout every stage of their growth journey.”
The funding package is a syndicated facility from Lloyds Banking Group and HSBC.
June 2019
Issued on behalf of Lloyds Bank Commercial Banking by Citypress
For press information contact: Emily Darroch/ Emily.Darroch@citypress.co.uk / 0203 627 4558