Accountants and Advisors for the

Recruitment Industry.

Your ultimate goal is to not just meet, but exceed your clients’ expectations, making those perfect matches that feel nothing short of magic. But let’s be real, it’s not all smooth sailing. The recruitment industry is as complex as it is dynamic, filled with its own unique challenges and opportunities. This is where having a squad of industry-specialised recruitment accountants and advisors becomes your game-changer. 

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Our clients

Recruitment agencies, just like yours, juggle the universal hurdles of business with the added layer of a highly competitive and constantly changing market landscape. Whether you’re a solo recruiter powerhouse, part of a dynamic team, leading an agency, or managing the intricate a large recruitment team, we’ve mastered the strategies for your success. 

How our advisors support the recruitment industry

From full back-office solutions through to invoice financing and management accounts, we have a team of specialists who can provide you with services tailored to your sector and business cycle stage.

Accountancy

Payroll

Our Payroll outsourcing services can be tailored to fit your company’s requirements. Our team can handle all of your payroll needs, including calculating salaries and deductions and transferring funds to all of your employees’ accounts so that you may continue to maintain your own payroll department. 

IR35 Off-Payroll

Managing payroll for temporary workers and contractors under the IR35 rules can be time-consuming and complex. We can determine if and how IR35 impacts you, and help you to navigate it smoothly. 

Compliance

Dealing with limited company, partnership, LLP and corporation tax compliance. It might not sound like the fun bit, but it’s certainly essential. 

VAT

Navigating VAT doesn’t have to feel like a game of snakes and ladders. Let’s make it straightforward, keeping you compliant and maximising your cash flow. 

Cloud & Back-Office Solutions

Our cloud-based solutions mean your finances are always at your fingertips. From bookkeeping and time-sheet management, to invoicing and managing candidate & supplier payments for you, our cloud and back-office solutions take the headache away from day-to-day responsibilities.  

Credit Control

Chasing payments? Not your job. We’ll play the enforcer, so you get paid on time, every time, maintaining the rhythm of your cash flow.  

Annual Accounts

More than just a regulatory hoop, think of annual accounts as your business’s yearly health check. We ensure you’re not just surviving but thriving. 

Company Formations

Starting a new venture? From legal structures to strategic planning, we’ve got your back. 

Forensic Accounting

Think of us as the detectives in the financial world, diving deep to uncover facts, protect your assets, and keep your business’s integrity spotless. 

Management Accounting

Real-time insights = forward-thinking strategies. Regular management accounts are the best way for your recruitment agency to see how you’re actually performing, and to stay on-top of the overheads of your business in real time. 

Taxation

IHT Planning

Inheritance tax or IHT can be quite a sensitive subject for many families and individuals, yet it is an important area that should be planned and thought out with the support of IHT specialists. We have a team of experts that can work with you to help you reduce or avoid IHT in a number of ways you may not of considered. 

R&D

Many recruitment companies could be eligible to claim R&D and aren’t even aware of it. We can work with you to assess your eligibility and submit any relevant claims. 

Personal Tax Planning

You’re unique, and so is your tax situation. Tailored strategies ensure you keep more of your hard-earned success. 

Tax Returns

Deadlines? Stress? Let’s leave those to suspenseful plot twists. We handle your tax returns with ease, accuracy, and perhaps a touch of flair. 

Tax Compliance

Playing by the rules doesn’t mean missing out. Stay compliant, smart, and ahead of the game, ensuring peace of mind and a focus on what you do best. 

Tax investigation and enquiries

In order to shield you from the burden of extra accountancy expences incurred during a tax investigation, we urge that our customers take use of our Tax Investigation Service, if you use this service, you will not be responsible for the costs of accounting fees linked with an HMRC inquiry. 

Advisory

Cashflow & Profit Forecasting

Predicting the future? Almost. Let’s ensure your financial forecasts are in line with your personal and business goals. 

Finance

Funding is the lifeblood of your projects. One of our key offerings is our expert assistance in securing invoice financing, a vital financial tool for recruitment agencies seeking to optimise their cash flow. 

Invoice financing, if you aren’t already aware of it, is a financing solution where businesses sell their accounts receivable to a third-party financier at a discount. This provides immediate access to cash tied up in outstanding invoices, enabling businesses to bridge gaps in cash flow, fund growth initiatives, and seize new opportunities without waiting for payment from clients. We work with invoice financing specialists across every recruitment sector, so can promise you’re in good hands. 

Money Management

Cash flow is perhaps one of the most important areas of business. Let’s manage it with precision, keeping you fluid and flexible. 

Growth Advisory

Scaling your business isn’t just a goal—it’s a necessity. Tailored advice helps your business not just grow, but flourish. 

Business Restructuring

When it’s time to pivot, you need a plan that ensures your business stays relevant, resilient, and ready for anything. 

Business Planning

Dreams are the blueprints of reality. Let’s turn your visions into actionable, strategic plans. 

M&A

Buying, selling, or merging, these are more than transactions—they’re transformations. Let’s make them smooth, strategic, and successful. 

Exit & Succession Planning

Exit planning allows you to transition your business to new ownership in a managed and systematic way. Whether you want to sell, pass on to a family member or just simply take a step back – taking time to plan now will benefit all involved. 

Accountability Coaching

Consider us your personal trainer for business fitness. We’ll keep you focused, accountable, and pushing past your limits to achieve greatness. 

Wealth Management

In order to suit the demands of customers, wealth management is an investment advisory service we offer that incorporates other financial services. With this information, our specialist wealth advisors will create a customised plan using a wide range of financial options. We will consult with you to get a clear understanding of your objectives and personal circumstances. 

Audit

Business Audit

A business audit is an in-depth investigation of a company’s operations in order to comprehend the company’s overall status, which is then recorded. As a result, you will be able to verify that the financial accounts of the organisation are accurate. Having an audit is a great way to ensure your recruitment agency can manage risk effectively, bonus point – your exit strategy is more likely to be a success at the point you decide to sell!  

Pension or Grant Audit

A pension audit is when a pension scheme’s financial accounts and contributions are audited by an independent auditor who is selected by the scheme’s trustees. 

Back Office Solutions

Sales Invoice Raising

Our Sales Invoice Raising service offers a seamless invoicing solution for both your permanent placements and contractors, alleviating the administrative burden on your team. For permanent placements, we create and send invoices directly from Xero, ensuring timely, professional communication with clients. For contractors, we utilise self-billing software to manage accurate invoice creation and expense tracking, sending invoices that appear as if they come directly from your recruitment business. This comprehensive approach enhances your professionalism and efficiency, allowing you to focus on core business activities.

Invoice Factoring

Available through a choice of our third party partners, Invoice Factoring is designed for recruitment business owners looking to improve cash flow by providing quick access to funds tied up in unpaid invoices. We handle all uploads and reconciliations with your factoring provider, ensuring your financial tracking is accurate and up-to-date, allowing you to focus on placing candidates and growing your agency.

Invoice Finance

Available through a choice of our third party partners, with Invoice Finance, recruitment business owners can enhance liquidity and effectively manage cash flow. We help you access funds from unpaid invoices, ensuring your agency has the necessary cash flow for smooth operations and growth, allowing you to invest in new opportunities and support your recruitment efforts.

Bank Transactions

Our Bank Transactions service gives recruitment business owners peace of mind by providing read-only access to your bank transactions. We reconcile your financial data regularly, allowing you to maintain full visibility into your cash flow without the hassle of daily management, so you can concentrate on delivering exceptional service to your clients.

Expense Management

Our Expenses Management service streamlines how recruitment business owners handle expenses. By uploading receipts and invoices, we enable seamless VAT reclaim and bank reconciliation, helping you stay compliant with HMRC while minimising paperwork, so you can focus on what matters most—your candidates and clients.

Payroll

Our Payroll service provides comprehensive management of your payroll processes tailored for recruitment business owners. We ensure accurate calculations and timely payments, keeping you compliant with HMRC regulations and ensuring your employees are satisfied and paid correctly, allowing you to focus on expanding your client base.

VAT Returns

Our VAT Returns service takes the complexity out of VAT submissions for recruitment agencies. We handle your VAT returns efficiently, ensuring compliance with HMRC regulations and maximising your VAT recoveries, so you can focus on running your business without the stress of tax compliance.

Credit Control Management

Our Credit Control Management service enhances your cash flow by proactively managing overdue invoices specific to the recruitment industry. We follow up with clients to ensure timely payments, reducing the risk of delayed receivables and improving your financial stability, allowing you to concentrate on finding the right candidates for your clients.

Bookkeeping and Management Accounts

Our Bookkeeping and Management Accounts service ensures accurate financial records and insightful reporting tailored for recruitment business owners. We handle all aspects of bookkeeping, enabling you to make informed decisions based on reliable financial data, which helps in strategic planning and resource allocation.

Cashflow Forecasting

Our Cashflow Forecasting service equips recruitment business owners with the tools to effectively plan for the future. We identify potential cash flow challenges and opportunities, enabling you to make informed financial decisions that support your agency’s growth and stability.

Virtual Finance Director

Our Virtual Finance Director service provides strategic financial leadership for recruitment agencies without the expense of a full-time hire. We offer tailored financial guidance, helping you navigate complex financial decisions and drive sustainable growth, allowing you to focus on building relationships and expanding your client base.

Monthly/Quarterly Board Meetings

Our Board Meetings service delivers expert financial insights tailored to recruitment business owners. We facilitate regular meetings that leverage real-time financial data, ensuring you have the information needed to guide your agency effectively and make informed strategic decisions.

Business Planning

Our Business Planning service assists recruitment agencies in creating robust plans that align with their goals and objectives. We help develop strategic business plans that enhance your ability to secure funding, streamline operations, and achieve long-term success in a competitive market.

Agency Sale Preparation

Our Agency Sale Preparation service ensures your recruitment business is ready for a successful sale. We optimise your financials, identify key value drivers, and position your agency to attract potential buyers, facilitating a smooth and profitable exit strategy when you decide to transition.

Are you prepared to stand out from the crowd, tackle the challenges head-on, and achieve your ambitions with a partner who’s as committed to your success as you are? 

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WHO WE WORK WITH

Executive Search Firms

Specialist Recruitment Agencies

Staffing and Temp Agencies

Testimonials

“Nordens have been dealing with myself & Dad for many years now. Nothing is an issue for these guys. The educated advice and support given by these guys is amazing. Communication is also top class with various departments and key people being at the end of the phone or email. 

Professional. Polite. Supportive. Trustworthy. Approachable. All the key things a business needs big or small from an accountant.”

Natasha Sandhu

“I’d like to thank Nordens and Jane in specific for going the extra mile at short notice to help whenever need. It’s very reassuring to have someone who understands the complexities and fast past nature of our business. A great service. Thank you.”

Anthony Sartain

“I have been working with Nordens as an advisory client for the last four years and it has been an absolute god send to my business and its success, as well as to my confidence as a business owner. Having them as a sounding board is like having an onsite CFO – I would be unable to run or grow my business and make key financial or strategic decisions without them and the fool proof forecasts he builds and we work from each year. I would absolutely advise and encourage any company founder of a start-up or small business to utilise this service and Nordens’ incredible expertise, particularly, if like me, you do not have the accounting knowledge or time to focus in such a complex and ever-changing area.”

Victoria Lindfield Associates

“I can highly recommend Norden’s who have provided me with a brilliant service, helping me resolve issues that I have encountered as a young business. Very professional throughout and always available to speak with. The VAT team in particular were a massive help and great to deal with.”

Lasting Care Limited

“Mitch, Sophia, Joe and the Nordens team are fantastic! Nothing is ever too much trouble and they always go the extra mile to support and help their clients. I don’t know what I’d do without them.”

Few & Far

WHY CHOOSE US?

Because standard is not in our vocabulary. 

The recruitment industry is a complex beast to navigate. There is no doubt about it, so choosing the right accountancy and advisory partner is paramount. Here’s why we’re not the ordinary: 

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1) Thorough and Bespoke Advisory Services

There’s business advisory and then there’s business advisory. Our strategic team of consultants provide you with unmatched expertise, structured solutions, and a commitment to clear, tangible results. We’re not just advisors; we’re architects of your success.

Frequently Asked Questions

01

How familiar are you with the recruitment industry, and can you tailor your accounting and advisory services to meet our unique needs?

Our team isn’t just acquainted with the sector; we breathe, eat, and sleep it (figuratively, of course – don’t worry, we do have other interests!). Tailoring our services? That’s the part where we really roll up our sleeves. We dive deep into understanding exactly what makes your agency tick and craft bespoke strategies that align with your ambitions, compliance requirements, and financial health. Cookie-cutter approaches are for baking, not your business. 

02

In the ever-evolving recruitment landscape, how do you stay ahead and keep us informed about regulatory changes that could impact our finances? 

Let’s face it; the recruitment world doesn’t just evolve – it leaps, bounds, and occasionally does cartwheels. Staying ahead of this whirlwind is no small feat, but we’re committed to ongoing education and have cultivated a network of resources that keep us on the cutting edge. You’ll be the first to know, and not just through a dry email update – we believe in proactive communication and will sit down with you to strategise on how to turn potential challenges in the market into winning opportunities. Whether it’s dealing with the challenges of the complex IR35 rules, or strategues ot future proof your recruitment business, we’ve got you covered. 

03

What strategies do you suggest for effective tax planning and minimisation for our firm?

Our approach isn’t just about looking at the numbers; it’s about understanding the story behind your firm, your future goals, and how tax planning can support your journey. From leveraging available deductions and credits tailored to the recruitment industry to strategic financial structuring that optimises your tax position – we’ve got a plethora of compliant ways to ensure you are maximising tax saving opportunities. 

04

Can you help us streamline our financial processes to enhance efficiency and transparency with our clients?

Efficiency and transparency are not just buzzwords for us; they’re principles we live by. We bring cutting-edge technology and a dash of human brilliance to revamp your financial processes. This means not only smoother operations and happier clients but also a transparent financial environment that builds trust. Your clients will not only see the value you provide but feel it in every interaction. Not only that, but we also offer complete back-office solutions, so if you don’t want the stress of dealing with your bookkeeping, invoicing, payments, credit control and more – this is an option worth exploring. 

Selecting the right accountant and business advisor is pivotal – so, let’s chat more about how we can embark on this journey together. 

05

What makes you different from other accountancy firms? 

Our industry specialisation means we’re not just familiar with your world; we’re part of it. We speak your language, understand your challenges, and celebrate your victories. With a blend of professional rigour and industry savvy, we’re equipped to offer insights that generic accountancy practices simply can’t. 

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If you’re currently considering a change of accountant, or engaging with one for the first time, reach out to one of our expert advisers to discuss your situation and consider all options available to you.