ThirtyThree, a recruitment communications agency with 140 staff in London and Bristol, has secured a £4 million funding package from Royal Bank of Scotland (RBS) to finance its ambitious expansion plans.

ThirtyThree, a recruitment communications agency with 140 staff in London and Bristol, has secured a £4 million funding package from Royal Bank of Scotland (RBS) to finance its ambitious expansion plans.

ThirtyThree provides services to blue chip clients, such as PricewaterhouseCoopers, Nationwide Building Society and BT Group, and recently completed its first acquisition of Bristol-based competitor RAA Sprague Gibbons.

The funding package included an invoice discounting facility for working capital, which will support organic growth as the business wins new business from existing and prospective clients.

The funds will also enable further investment in ThirtyThree’s Southwest operation, which now accounts for a third of group sales.

Andrew Young, ThirtyThree chairman, said: “Despite the changing economic climate, we are continuing to think long term and make judicious investment decisions. The RBS team worked closely with us to understand our business and support our objectives, while also taking us through a robust due diligence process.”

Martin Fackrell, associate director, RBS Structured Debt Solutions, Bristol, added: “ThirtyThree is an impressive business and the series of accolades won this year reinforces its reputation for delivering a first class product to its customers. We have explored together the group’s strategy and ongoing banking requirements in order to provide a bespoke finance package and I wish Andrew and the team every success in the future.”