Menzies Corporate Restructuring (MCR), the provider of turnaround, restructuring and insolvency services, has been appointed as a business partner to the Recruitment & Employment Confederation (REC).

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.

Andrew Stoneman, managing partner at MCR, says: “We 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.

“Being 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 ‘act early’ message which we hope will see recruitment businesses that are potentially facing troubled times seek advice early on."