Recruitment firm ties up Â£8.5m finance package
Dutton International has agreed an £8.5m funding deal with the Royal Bank of Scotland (RBS) as the specialist recruitment company eyes a number of growth opportunities.
Based in Sheffield, Dutton International specialises in providing permanent and contract personnel to companies involved in the construction, engineering, petrochemical, power generation, nuclear engineering and associated industries.
The £54m-turnover business supplies staff to operators located throughout the country, and has branches in Aberdeen, Cardiff, Hull, Leeds, London, Sheffield and Stockton.
The facilities include a £6.5m refinancing package from RBS Invoice Finance and £2m of new funding to support acquisitions and managements strategic plans.
Managing director Matt Davison said: "As a business we continue to grow as the national economy continues to recover.
"We are committed to providing businesses with outstanding personnel who fit the needs of a firm or a project. We have a vigorous recruitment process and also have an ongoing appraisal process to ensure the development of contract staff for the future."