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Recruitment firm boosted by £150k GE funding

Written by Business Weekly

Wednesday, 31 March 1999

East Anglian Staffing Ltd, a recruitment company based in Peterborough, has received £150,000 funding from GE Capital Commercial Finance. East Anglian Staffing Ltd, a recruitment company based in Peterborough, has received £150,000 funding from GE Capital Commercial Finance. The funding, based on the value of the company's assets, will provide working capital to finance future growth opportunities in the region. Established two years ago, East Anglia Staffing currently employs eight staff in offices in Peterborough and King's Lynn and has a turnover of £2m. It provides temporary and permanent staff to industrial and food processing companies and counts several major East Anglian businesses among its clients. After a successful start it found that continued growth was restricted by lack of working capital and turned to the East Anglia office of GE for help. The Peterborough office of accountants MacIntyre Hudson introduced GE to East Anglian Staffing.

 

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