Gap Personnel recruits Lloyds TSB Corporate Markets

Wrexham-based industrial recruitment specialist, Gap Personnel, has secured a 500,000 finance package from Lloyds TSB Corporate Markets. The deal comes as the firm switched banks as part of a drive to implement payment processing and enhance its working capital.

Gap Personnel was set up by Managing Director, Gary Dewhurst, in 1997. It has since grown to become a 50 million turnover company, with 40 offices across the UK employing over 200 full time staff, who place thousands of candidates with over 1,500 companies per year.

Gary Dewhurst, Managing Director of Gap Personnel, said, ìWe worked with Lloyds TSBís North West team on a project last summer, and I was particularly impressed by the way in which they nurtured the relationship. It was clear that the team already understood our sector and business model extremely well. So when we made the decision to move our banking, choosing Lloyds TSB Corporate Markets was an easy decision.

ìItís been a real pleasure working with James Barron and the team. Itís a breath of fresh air to talk to knowledgeable people who are based in our region and are empowered to make their own decisions. They certainly provide excellent customer service and I canít speak highly enough of Jamesí team with whom Iíve been dealing.î

James Barron, Relationship Manager, Lloyds TSB Corporate Markets, said, ìWeíre delighted to have been chosen by Gap Personnel, a business that is going from strength to strength. It gives us an opportunity to build on the relationships that we have been developing with Gary and the team since last summer.

ìThis deal certainly demonstrates that despite the current economic climate Lloyds TSB Corporate Markets is able to support quality management teams who have a clear vision for the future and over time, we hope to help Gary turn Gap Personnelís vision into reality.î