Bibby Financial Services (BFS) has provided a £12m confidential invoice discounting facility to Diverse Recruitment Group, enabling the fast-growing care sector recruiter to accelerate its expansion plans.
The London-based Group, which supplies temporary staff to the health and social care sector as well as local government, has an annual turnover of £100m and operates through several specialist brands including Diverse Recruitment Limited, Imperium Resourcing Limited, MCM Medical Limited, Amare Health Limited and Social Work First Limited.
The funding package was introduced by Matthew Stacey at Antares Finance, with the deal led by BFS’s Christian Nolan.
Following a previous facility to support an associated acquisition earlier in 2025, BFS moved quickly to deliver the new £12m line across five entities, recognising the Group’s need for increased working capital to sustain its rapid growth.
The facility has enabled Diverse Group to raise individual customer funding limits, improve cash flow and unlock the capital required for both organic expansion and further acquisitions.
Tommy Love (pictured), managing director of the Diverse Group, said: “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.”
Christian Nolan, corporate business development manager at BFS, added: “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. We look forward to supporting the Group as they continue to grow.”
The transaction was supported by Elliott Butlin, Rachel Hollett, Kate Jackson, Ashley Weddle, Andrew Strike and Steve Nixon.
