V7 Recruitment secures £2.8m funding from Cynergy for growth plans

Manchester-based specialist recruitment agency V7 Recruitment has secured a new, flexible £2.8m asset-based lending (ABL) facility from Cynergy Business Finance (CBF).

Founded in 2017, V7 Recruitment, which also has an office in Germany, provides bespoke services to a range of industries including aviation, construction, utilities and fire & security. 

The business moved into larger offices on Lever Street in Manchester at the start of last year, providing additional capacity for its growing team of more than 20 people.

As reported by Recruiter, the business also completed a management buyout during 2022. Providing a renewed focus, the MBO enables the team to continue with its international expansion, bolstering its current German office, along with plans to expand into the US by 2027.

To help achieve this growth, the business required additional cashflow support to increase sales and profitability and expand its service offering. The blended approach by CBF allowed the business to secure £300k of cashflow loan support, as well as a £2.5m ABL facility.

Looking ahead, the business will continue to bolster its team; its new Academy will recruit six graduates over the coming months, boosting early-career opportunities in the region and enhancing its training and development offering.

• Comment below on this story. Or let us know what you think by emailing us at [email protected] or tweet us to tell us your thoughts or share this story with a friend.

Cheshire-headquartered Gap Personnel acquired by Rcapital

Cheshire-headquartered recruitment agency Gap Personnel has been acquired by Rcapital in a corporate carve-out.

Contracts 14 April 2025

FINANCIALS: Gattaca bucks trend in first half of 2025

Engineering and infrastructure recruiter Gattaca has reported a “robust” financial performance for the first half of 2025.

Financials 7 April 2025

Granger Reis appoints two co-leaders for new real assets division

Global search and advisory firm Granger Reis has signalled its next stage of growth with the announcement of two co-leads for its newly-launched real assets division.

New to Market 31 March 2025

Madison Berkeley appoints Webb associate director

Madison Berkeley, a specialist real estate recruitment firm, has appointed Patrick Webb as associate director.

People 19 March 2025
Top