Member Article

South Tyneside's CAS lands five figure funding to fuel expansion

Recruitment agency Composite & Aerospace Solutions (CAS) has secured a five figure sum through the Finance for Business North East Microloan Fund.

The investment into the South Tyneside-based company comes from Rivers Capital Partners, provider of loans to small businesses seeking to fund their ideas.

CAS focusses on providing recruitment to the composite and aerospace industry. Managing Director at CAS, Stephen Wilkinson, has a particular desire to build a more positive and reliable recruitment environment.

After working for companies such as Etihad, British Airways, Emirates & Lufthansa, Stephen felt it was the right time to pursue his vision.

Stephen and his fellow directors believe they will enable the company to succeed in this niche sector. The business already holds the information of over 2000 temporary contractors and will be supplying customers, national aviation companies and Formula One car manufacturers to name a few, with the project teams they require.

The Microloan allows CAS to create new jobs within South Tyneside, which will help the company expand allowing it to put more people into work. Expansion is significant for CAS Recruitment at this stage in order to build up their database.

The loan has helped CAS towards its goal of becoming a market leader by helping it to get the extra staff needed. Stephen’s ultimate ambition is to own a brand renowned for its rapid deployment of permanent staff and to be the preferred supplier of choice.

Stephen said: “I have found other processes to be lengthy and “ticky box”, however the service I received from Rivers Capital was worlds apart. [It was] a clearly defined process from the outset and the communication has been excellent.”

John White, Chairman at Rivers Capital Partners has said, “It is impressive to see what Stephen has built, and rewarding to know that we have helped CAS Recruitment in its next stage of development.”

The North East Microloan Fund offers small businesses with loans of £1,000-£25,000, specifically aimed at businesses that have been struggling to secure mainstream finance and can provide affordable credit for those with a poor credit history.