TaskMaster Resources, a Leeds-based workforce solutions provider, has secured £15m in funding from Bibby Financial Services (BFS) to accelerate its UK expansion. The funding includes a £13m Confidential Invoice Discounting facility and a £2m cashflow loan, designed to give the company the financial flexibility needed to scale its operations and integrate recent acquisitions.
With a 29-year history in temporary and permanent staffing, including sectors such as warehousing and industrial, TaskMaster aims to reach £100m in annual turnover. The funding has already facilitated the company’s acquisition of part of a competitor’s trade in the South-West, marking a key milestone in its post-acquisition strategy since being acquired by IPE Ventures.
The £2m cashflow loan is structured over three years to support TaskMaster’s expansion plans, enabling it to secure larger contracts and extend its geographical footprint across the UK. This funding is a crucial part of TaskMaster’s efforts to capture a larger share of the industrial recruitment market and further solidify its growth trajectory.
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