THOMAS Recruitment Limited has secured funding from the Development Bank of Wales

Cardiff – CFI United Kingdom is pleased to announce that they acted as financial advisor to THOMAS Recruitment Limited (“THOMAS Recruitment”) on its fundraising via the Covid-19 Wales Business Loan Scheme from the Development Bank of Wales.

Established in 2007, The THOMAS Recruitment Group is a highly professional, award winning, fast growing national recruitment company that operates within the UK recruitment sector. With 6 offices in Wales and 3 in England, they have from inception, established a strong brand name that exudes quality and a service which is delivered with professionalism, passion and commitment to its clients.

The funding provided by the Development Bank of Wales will allow THOMAS Recruitment to endure the period of economic instability caused by Covid-19 and return to service its pipeline of significant projects in Wales and England when restrictions are fully lifted.

Jason Thomas, Managing Director of the THOMAS Recruitment Group said “From the start of the epidemic, CFI United Kingdom have fully supported us and worked tirelessly to ensure we secure the right levels of support. Their knowledge and expertise were excellent and without doubt have played a key role in supporting us through these challenging times. As a company, we aim to deliver a true, proven, added value service to all of our clients. Whether it be an SME or a large multi-national blue-chip client, our service remains the same, ensuring quality, professionalism and bespoke needs.”

The CFI UK team was led by Jason Evans (Partner), Simon Marsden (Director) and Ewa Modzelewska (Manager) who were responsible for advising the directors throughout the transaction, negotiating the terms of the facility and project managing the transaction through to successful completion.

Jason Evans of CFI United Kingdom said “We are delighted to have acted for THOMAS Recruitment in securing these facilities in such challenging times. The funding will provide the business with additional resilience and help the company prepare for renewed growth moving forward.  Having successfully assisted a significant number of businesses through the current situation, understanding your debt capacity is a critical aspect.”

The transaction closed on 29 May 2020.