Edinburgh’s Peace Recruitment Trades and Labour, which focuses on supplying temporary contractors to the construction trade, said it is on track to build its revenue to £1.8 million, marking year-on-year growth of 50 per cent, and generate more jobs.
An offshoot of Peace Recruitment, the firm was set up in 2012 by Tamara Jaberu and Chris Peace, and now has more than 6,000 registered contractors.
Its growth has been backed by a £500,000 invoice finance facility from Ultimate Finance in Scotland, with client invoices paid by the cashflow-provider almost as soon as they are issued.
Jaberu said that previously the firm had to turn down some work “because we didn’t have the large cash reserves needed to pay the people we had placed within seven days and then have to wait months for our invoices to be settled”.
She added: “Each year we have grown the business but this year has been phenomenal.”