Welcome to the Amplifying Recruitment podcast.
In this episode, your host, Jamie Burrows, and Chris Worden, the Head Problem Solver at Director First, explore why 18% of UK recruitment companies stopped trading in 2024.
Chris did a deep dive on all the financial pitfalls that recruitment leaders fall foul of, from not separating tax money for HMRC to not fully understanding their company’s cash flow.
Throughout the conversation, Chris shares practical advice for recruiters, but his main point is to pick up the phone before it’s too late.
He also highlights common issues like unpaid VAT, PAYE, and corporation tax, which can spell ruin for unprepared directors.
Chris also touches on some of the so-called solutions that several business owners have turned to, from personal loans to overdrawn accounts, and suggests healthier financial alternatives.
Listen now to find out how to future-proof your company from financial difficulties.
We’ve distilled our most impactful Business Development Training into one focused, fast-paced day so you can unlock client-winning strategies without sacrificing your schedule.
✅ Proven New Business Development Frameworks
✅ Plug & Play Client Engagement Funnels
✅ Prospect Conversion Skills You Can Apply Immediately
✅ Live Follow-up Q&A for implementation support
Click here for all the info.