Our sister company Zodeq offers a range of finance solutions for start-up and SME businesses.They also provide a suite of back office services created with recruitment agencies in mind. Here’s a quick overview of their services:
Invoice financing, or factoring as it is often referred to, is commonly used by businesses to improve their cash flow. With invoice financing, rather than waiting for an invoice to be settled, a proportion of cash tied up in the invoice can be released by Zodeq as soon as the invoice is issued. Zodeq will then collect the payment from your debtor on your behalf saving you time and hassle.
Invoice discounting works in a similar way to invoice financing but you remain in control of collecting your payments. It can be a great alternative to traditional forms of business finance and offers a flexible solution to releasing cash which would otherwise be tied up in unpaid invoices.
Bad Debt Protection
The damage bad debts can have on a business can be unthinkable but there are steps you can take to minimise the risk of bad debt and to guard against the impact on your business. With Zodeq’s bad debt protection we can offer reassurance and peace of mind as well as saving you time chasing bad debts or dealing with administrators if the worst happens.
Asset based lending
Asset finance can help businesses release capital from assets they already own or can be an effective form of financing for acquiring new equipment, machinery, vehicles or other assets.
With Zodeq’s asset based lending everything is clear and transparent. Charges and monthly repayments will be agreed in advance so you will have a clear repayment plan and know exactly what your financial commitments are.
Back Office Services – Giving you more time to focus on new business
The Zodeq team have years’ of experience working in and with the recruitment industry they aim to save recruiters time and alleviate the pressure of carrying out back office tasks in-house.
Accurate and timely payroll is important, Zodeq can process payroll for your candidates ensuring that
- Tax and NI are taken care of
- Holiday, sickness, maternity and paternity pay are all managed and processed
- Auto-enrolment is in place and pension contributions are managed
- Payslips are distributed as well as related documents such as P60, P45, P21 and P11D
- RTI submissions are provided to HMRC
- Timesheet processing
- Timesheet processing can be time consuming. Whether you require weekly, fortnightly or monthly processing Zodeq can provide a service to meet your needs.
Zodeq can create and issue invoices ensuring they are accurate and issued on time.
Struggling to chase payments? Let Zodeq take care of your credit control. They will chase payments from debtors saving you time, improving your cash flow and minimising the risk of bad debts.
In addition to standard payroll Zodeq can take care of processing all your CIS registered contractors. Ensuring that your monthly CIS returns are accurate and submitted on time; giving you peace of mind that you are fully compliant with all the relevant HMRC legislation.
If you are interested in any of Zodeq’s services then get in touch with us.
Telephone: 01244 617 087, DDI Ext. 360
Mobile: 07960 903 733
Group Sales Director
Telephone: 01244 617 087, DDI Ext. 369
Mobile: 07792 313 195