Fri, 28 Nov 2025 | BUSINESS NEWS
A recruitment firm that specialises in providing temporary staff in the health and social care sector is set to target organic and acquisitive growth after securing a new funding package. Bibby Financial Services has provided Diverse Recruitment Group with a £12 million confidential invoice discounting facility.
Diverse Recruitment Group is headquartered in London and generates annual turnover of around £100 million. The group’s brands include Diverse Recruitment, Imperium Resourcing, MCM Medical, Amare Health and Social Work First.
The funding package comes after Matthew Stacey from Antares Finance facilitated an introduction with BFS’s Banbury deal team, led by Christian Nolan. Having already supported an associated acquisition earlier this year, the BFS team moved at pace to provide the facility across Diverse Recruitment Group’s five entities.
Christian Nolan commented: "We're proud to partner with Diverse Group, a business playing a vital role in meeting staffing needs across the care sector. Our team worked collaboratively and at speed to structure a confidential invoice discounting facility that supports both their immediate requirements and long-term ambitions.”
The funding package enables the group to increase its individual customer funding limits, freeing up cashflow and providing access to the working capital required to target both organic and acquisitive growth.
Diverse Group Managing Director Tommy Love commented: "BFS supported at a critical time for our business. Their ability to respond quickly, understand the complexity of a multi-entity structure and increase our facility within tight timeframes made all the difference."
"The new funding line provides the working capital headroom we need to continue scaling across the UK care sector and to pursue future acquisition opportunities."
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