- Morestaff celebrates 25 years in business at an event with the Mayor of Dunstable
- Firm established by award-winning female entrepreneurs Denise Day and Kathy Doran
- Company has been supported by Royal Bank of Scotland's invoice finance team since inception
Established in 1991, Morestaff is an independent recruitment agency which specialises in supplying driving, retail and NHS workers to blue chip companies across Hertfordshire, Bedfordshire, Buckinghamshire and nationwide. It has over 30,000 candidates on its payroll and its clients including Ocado, Gist, The Works and PCL.
As it celebrates its silver anniversary, the company remains focussed on securing steady growth and future expansion.
Guest speakers at the event included Marilyn Davidson from APSCo (The Association of Professional Staffing Companies), the Town Mayor of Dunstable Liz Jones and Councillor Nigel Long of Central Bedfordshire Council and Gary Johnson from NatWest.
A working capital facility provided by the Royal Bank of Scotland's invoice finance team has contributed to the company's success ever since its inception. A factoring facility has also helped Morestaff maintain its cash flow. Morestaff banks with NatWest.
Denise Day, Director at Morestaff:
"To have reached 25 years in business is a real achievement and we are thrilled with the success we have achieved. We have faced many challenges over the years, successfully steering the business through a challenging industrial environment, periods of market buoyancy and a series of recessions.
"We've worked with the Royal Bank's invoice finance team since the very start and are delighted with the support we have received. By the nature of our industry, we have to pay candidates before having received fees from the customers ourselves. The Factoring facility has really helped to support our cash flow, bridging the payment gap to take on new contracts comfortably, secure in the knowledge that cash flow will remain stable. The team really understand our business and industry and our ethos is echoed by them – it is great to work with a likeminded team. Even after all these years of working together we feel our business is just as important as on day one."
Kathy Doran, Director at Morestaff:
"We are immensely proud of everyone at Morestaff as we reach this significant milestone of business success. Over the years we have supported local businesses and people with their employment needs and boast over 30,000 on our payroll."
Alex McCallum, Relationship Manager from Royal Bank's invoice finance team:
"Morestaff is a very successful business and we are proud we have been able to support its growth to reach this landmark of 25 years. Run by a focussed and dynamic team, the company is set to continue to thrive. We are looking forward to continuing to work alongside such a strong and successful organisation."
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