Workforce provider Total Staffing Solutions Ltd (TSS) has secured strategic funding with the support of GS Verde Group.
Following the successful transition to an Employee Ownership Trust (EOT) in 2023, TSS has secured an expanded facility from incumbent provider SME Bank. The latest funding supports an accelerated payment of the deferred EOT consideration, marking another step in the business’ mission to empower its team and cement long-term sustainability.
Chris Jones, Finance Director of TSS, said:
“Becoming employee-owned was a significant step in recognising the contribution of our team and securing the values we’ve built the business on. This new facility allows us to continue delivering on that promise, strengthening our position, maintaining momentum, and focusing on our future together.”
The GS Verde Group, who also advised on the original EOT transaction, assisted in structuring financial models for debt servicing and supported the preparation of legal documentation to facilitate the agreement with SME Bank.
Chris added:
“The GS Verde team have been instrumental throughout, from our original EOT transition through to this most recent funding support. Their guidance across financial and legal elements ensured a smooth process, and we’re grateful for their continued partnership.”
