Bibby Financial Services has revamped its recruitment finance funding solution to offer clients access to more of the funds tied up in their unpaid invoices.

Bibby is now able to provide UK recruitment agencies with access to 100% of the value of unpaid invoices - previously customers were offered 85% - within 24 hours of being raised.

It has also introduced a new, easy to manage combined single fee for all services offered in the recruitment finance package.

Ed Rimmer, UK chief executive of Bibby Financial Services, says: “The recruitment industry suffers from its own unique cash flow issues, having to pay staff and candidates while waiting sometimes up to 60 or 90 days for payment. To assist recruitment agencies, we have made our offering to the industry even stronger by increasing the funding available to clients and simplifying the way they pay for our services.”