Professional Driving Recruitment Services Ltd tops 1m turnover in 20 months

Nottingham-based transport recruitment specialist Professional Driving Recruitment Services Ltd (PDRS) has topped 1m turnover in just over 20 months after start-up. The company has been benefiting from Venture Finance's leading Online Factoring service, Venture Factors Direct since its inception in October 2006, which has been key to its consistent growth.

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Founding Directors, and experienced recruitment consultants, Richard Black and Gaynor Corkhill, have built a reputation as a dependable source of skilled Heavy Goods Vehicle (HGV / LGV) drivers for both short and long-term contracts for the transport industry.

Richard Black, Director, PDRS picks up the story: Reaching our first 1m in turnover is incredibly exciting as it only happens once. Achieving this success in such a short timeframe and even during the well-publicised credit crisis has made us particularly proud. We feel the Online Factoring facility Venture provided was absolutely crucial to this achievement: cash flow is an issue for every start-up, but Venture Factors Direct really helped us to survive these difficult months. By releasing the cash from our sales invoices (as soon as they are raised) we were able to go forward with confidence to secure new clients and new business.

Given the nature of our business, we needed the best and most flexible Factoring service available. We found it in Venture Factors Direct and have not looked back. The straightforward Online Application process took less than a week to completion and the Venture Factors Direct team ensured we completely understood our facility. Even though the application process started online, we have enjoyed regular contact with Simon and his team, benefiting from a dedicated online support service, which has been a massive plus. We now plan to grow the business prudently and develop the strength and breadth of our client relationships.'

Having been recommended to the Venture Factors Direct service by an online broker, Richard and Gaynor applied for a Factoring facility online with only a business plan behind them. Simon Button, Manager of Venture Factors Direct comments: We were impressed with Professional Driving Recruitment Services' business plan and management team and did not hesitate to provide a factoring facility. The company's steady growth, even in these economically challenging times, is testament to the Directors' business instincts and hard work.

Venture Factors Direct is a unique online Factoring service in the UK, focusing on speed and flexibility. Its Online Application process takes 30 minutes and applicants receive an immediate 'in principle' decision within 15 minutes. Venture Factors Direct also offers savings of up to 43 per cent compared to a traditional factoring service and provides businesses with the benefit of Bad Debt Protection - increasingly important in these uncertain economic times. Once an application has been approved (and the necessary documentation signed) clients can immediately draw up to 85 per cent of the value of their invoices, 24 hours a day, seven days a week.