Menzies Corporate Restructuring appointed to REC

Menzies Corporate Restructuring (MCR), providers of a complete range of turnaround, restructuring, insolvency and other related business services, has been appointed as a Business Partner to the Recruitment and Employment Confederation (REC) as a Business Partner.

The REC is the trade association at the forefront of the UKís 24.9 billion recruitment industry. It boasts more than 16,000 corporate and individual members from within this market.

MCR had to undertake a rigorous application process and prove to an REC panel that it could offer the necessary tools, skills and support to recruitment businesses that help them develop and grow.

ìWe have always worked closely with the recruitment industry via our position as the leading adviser in the UK to the factoring and invoice discounting market place,î comments Andrew Stoneman, managing partner, MCR. ìWe are regularly working with any number of distressed recruitment companies as they are typically very active users of factoring and invoice discounting to help manage cashflow and fund growth.î

MCR has found that its turnaround services and business approach has been in demand more and more by recruiters and the firm is increasingly involved in putting forward a range of rescue and refinancing solutions for recruitment companies.

Stoneman continues, ìBeing part of the REC Business Partner scheme is an important accolade and recognition of the work we are doing within the recruitment sector. It also gives us a platform to help convey our ëact earlyí message which we hope will see recruitment businesses that are potentially facing troubled times seek advice early on. Early advice is the best way to successfully restructure a business and we know we can add value as we carry credibility with the industryís key lenders. Additionally we are looking forward to working with REC members on raising all types of acquisition and working capital funding and providing a full range of accountancy solutions.î

Anita Holbrow is Marketing Director of the REC. She comments, ìThe MCR brand is strong and we can readily see how the firmís experiences of the challenges facing recruiters today will be able to bring real value to our members and therefore to us as an organisation. We look forward to working with them.î