The facility provided to Smart Solutions and its associated entities, Heat Recruitment and Bridgestone Group, will provide working capital across the three businesses and support the group as it continues to expand its presence across the UK market.

Established in 2007, Smart Solutions is a temporary recruitment agency, with specialists working across a number of sectors, including a division dedicated to waste and recycling.

After becoming the majority shareholder of Smart Solutions in November 2023, Robert Webb acquired Heat Recruitment and Bridgestone Group, both of which take a “similar sector-agnostic approach”, offering bespoke services that cover a wide range of industries, the CBF statement said.

CBF was introduced to Smart Solutions by management consultancy firm TGL Solutions. By building strong relationship with the group’s management team, they were able to structure a confidential invoice discounting facility that will provide the necessary working capital requirements across the three businesses, with the flexibility to fund new opportunities aligned with the group’s strategic growth plans.

CBF is the asset-based lending subsidiary of Cynergy Bank.

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