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Working capital for the payroll run.
A staffing desk pays its temps and contractors every week while clients settle on 30 to 60 day terms — the classic timing gap. These plain-English notes look at how short-term finance fits a UK recruitment company, and on every one, the company borrows, never you personally. No personal guarantee.
Few trades feel the gap between money out and money in as sharply as recruitment. You run the payroll on Friday for workers who placed this week, then wait a month or two for the client to pay the invoice that covers their wages — and the more you place, the wider that gap grows.
Creditcorp is the growing name for the Credicorp group, and Credicorp Limited is the lender behind it. It does one thing: short-term working capital for incorporated UK businesses. This page is a guide, not an application — when you’re ready, applying happens on the lender’s own site, credicorp.co.uk. The whole set of sectors lives on the industries hub.
Throughout, the borrower is the company — a UK private limited company (Ltd), LLP or PLC — not the director who signs. No personal guarantee, no charge over a home, no personal credit check on a director. These are not personal loans, payday loans or sole-trader finance.
Where the cash-flow gaps come from
Agency money tends to leave on a fixed weekly clock and return on the client’s timetable. Four pressure points show up again and again.
Weekly wages against monthly invoices
Temps and contractors expect paying every week — that is the deal that keeps a desk filled. The client, meanwhile, settles on 30, 45 or 60 day terms. So the company funds four or more payroll runs for a placement before the invoice that covers them is paid, and every new worker on the books widens the same gap.
Growth eats cash, not just margin
Winning a bigger contract is meant to be good news, but a desk that doubles its placements doubles the wage bill it carries up front long before the extra invoices land. The faster a recruitment company grows, the more working capital it has tied up in workers it has paid but not yet been paid for.
Payroll taxes and pension on a fixed clock
PAYE, National Insurance and pension contributions on a temporary workforce fall due whether or not the client has paid you. Those deadlines do not move to suit your debtor days, so the company has to find the cash on the date HMRC and the pension scheme expect it.
Software, office and marketing overheads
A back-office and CRM platform, job-board credits, the office lease and the spend that keeps candidates flowing all carry on between invoices. These are steady, known costs that have to be met out of a balance that swings with the payroll cycle.
Which kind of finance fits a staffing desk
Three shapes of short-term working capital, and how each tends to land in recruitment. The detail — amounts, pricing, terms — lives on the products page and with the lender; we won’t quote figures here.
A Business Bridging Loan — for a known, one-off gap
A single lump sum, repaid over a short fixed term. It fits the recruitment jobs you can put a figure on: covering the run-up of wages on a new contract until the first client invoice clears, or funding a planned ramp on a known assignment. You know the cost and you can see the remittance that will clear it. More on the Bridging Loan →
Credicorp Flex — for the weekly payroll rhythm
A revolving facility the company can draw on, repay and draw again. This suits a recruitment desk’s natural pattern — drawing to cover each weekly payroll run, paying down as client remittances land, and dipping in again the following week — without arranging fresh finance every cycle. More on Credicorp Flex →
Credicorp Slice — for a single supplier bill
Spread one supplier invoice over a few weeks while the supplier is paid in full today. Handy when a job-board renewal, a software licence or a back-office bill lands at an awkward moment and you’d rather smooth it across the weeks that follow. More on Credicorp Slice →
The company borrows — not you
Plenty of agency owners have already signed personal guarantees they didn’t love — an office lease, a back-office finance line, a software contract. The Credicorp model is the other way round: the agreement is between Credicorp Limited and your company, so the finance itself doesn’t add to what’s pinned to your own name.
- No personal guarantee — the company is the borrower, full stop.
- No charge over your home — your house isn’t security for a payroll run.
- No personal credit check on a director — the lender looks at the business, not your own file.
- Bodies corporate only — UK Ltd, LLP or PLC, never a sole trader or an individual.
This is exempt business lending under Article 60B of the FSMA Regulated Activities Order 2001, not consumer credit. The full regulatory position is set out on our lending and regulation page, with the company and trade-mark detail behind the group on creditcorpgroup.co.uk.
A worked example
An illustration, not a real customer — just to show the shape of it in recruitment.
A staffing company trading as a UK limited company runs a busy industrial temp desk. It wins a larger contract with a logistics client: good margin, a client it trusts, but the placement means running a payroll of several dozen temps every week from day one. The client pays on 60 day terms, so the company funds eight or nine weekly wage runs — plus the PAYE and pension that go with them — before the first invoice for the contract is settled.
Because the early gap is one-off and the payback is clearly the client remittances to come, a fixed-term Business Bridging Loan to the company can cover the run-up of wages until the invoicing catches up. The agreement is with the company, so the owner gives no personal guarantee and puts no charge over their home. As the desk keeps filling week after week, a Credicorp Flex facility would then let them draw and repay around each payroll run without starting over.
Recruitment funding questions
The questions agency owners ask most. For anything specific to your business, the lender’s team are at credicorp.co.uk.
Can funding cover temp wages before my clients pay?
Yes — bridging the gap between paying workers and being paid by clients is the single most common reason a staffing company looks at short-term finance. You run the payroll on a weekly cycle while a client pays on 30 to 60 day terms, so the cash leaves before it comes back. A Business Bridging Loan suits a known, time-boxed gap; Credicorp Flex suits an agency that funds wages week after week. The detail sits with the lender at credicorp.co.uk.
Will I have to give a personal guarantee or a charge over my home?
No. Credicorp lends to the company — your UK limited company, LLP or PLC — not to you as a director. There is no personal guarantee, no charge over a home and no personal credit check on a director. For an agency owner who has already signed guarantees for an office lease or a back-office system, keeping the funding itself off your own name is a genuine difference.
Does this work for a perm desk, not just temp and contract?
It can. A permanent-placement agency carries a different gap — fee invoices raised on placement but paid weeks later, with rebate periods to ride out — yet the timing problem is the same shape: work done now, cash in later. Short-term working capital covers salaries, software and marketing while those fee invoices clear. The lender confirms what fits your case.
Is it geared to the weekly payroll rhythm of a staffing desk?
That is exactly the pattern Credicorp Flex is built for. A revolving facility lets the company draw to cover each weekly payroll run and pay down as client remittances land, rather than arranging fresh finance every cycle. Temp desks that fund wages every week tend to value that drip-feed shape. Talk it through with the team at credicorp.co.uk.
Is this a consumer loan or a payday loan?
Neither. This is business credit to a body corporate, not consumer credit, and it is not for sole traders or anyone borrowing in their own name. Under Article 60B of the FSMA Regulated Activities Order 2001, lending to a UK company sits outside the consumer-credit regime. The full position is on the group site, creditcorpgroup.co.uk.
How quickly can funds reach my business account?
That sits with the operating lender, but business loans are typically released to your company bank account on the same working day once the agreement is signed. For a recruitment desk, where a payroll run lands on a fixed day whether or not a client has paid, that speed is usually the point. Apply or check timing at credicorp.co.uk.
More general questions are answered on the FAQ, there is plain-English background in the learn library, and the whole journey is on the how-it-works overview.
Related sectors
Recruitment shares its pay-now, invoice-later cash-flow shape with several service trades.
- Professional services — the same work-now, bill-on-terms gap, with salaries to meet between invoices.
- Logistics & transport — wages and fuel out weekly against long client payment terms.
- Creative & media — freelancers and project costs paid up front while client fees land later.
Or browse the whole set on the industries hub. Company and legal detail for the group lives on creditcorpgroup.co.uk.
Ready when you are
Whatever your desk needs funding for, applying, drawing down and managing your account all happen on the lender’s site, credicorp.co.uk.