- Sector: Recruitment
- Location: Singapore / Hong Kong
- Solution: Factoring
Unlock cashflow to achieve business ambitions
iKas International is a global recruitment consultancy primarily focused on providing talent to the Financial Services industry in more than 20 countries from its London, Hong Kong, Singapore, Sydney and New York offices. The business has grown rapidly since 2004 and needed access to immediate funding to meet current demand, as well as take on new clients and help them achieve their ambitious growth plans by improving their cashflow position.
With a detailed understanding of the recruitment sector, the Bibby Financial Services teams in Hong Kong and Singapore structured a factoring facility. With flexible funding in place iKas International were able to meet the demand of high volume payroll as well as invest in the recruitment of new clients and take on both contract and permanent staff to enhance their competitiveness.
“I would have no hesitation recommending Bibby Financial Services. They have a clear understanding of our business and strategy for growth. We are very ambitious and want to grow fast, and the funding we received has given us the confidence to go after our growth plans.”
CARL THOMPSON, CHIEF FINANCIAL OFFICER, IKAS INTERNATIONAL
Carl Thompson, Chief Financial Officer, iKas International commented, "I would have no hesitation recommending Bibby Financial Services. They have a clear understanding of our business and strategy for growth. We are very ambitious and want to grow fast, and the funding we received has given us the confidence to go after our growth plans."
"With our global funding capability and knowledge of the recruitment sector, we recognised the potential of iKas International's global business model. We see true value as a global business in being able to offer funding and were very confident in being able to support their growth plans." said Jackey Chu, Managing Director, BFS Hong Kong and Alan Wong, Managing Director, BFS Singapore.