Zodeq Recruitment Finance Review
Zodeq is a Chester-based invoice finance firm, set up in 2016, with a particular focus on recruitment agencies. It offers factoring (it chases your invoices) and invoice discounting (you do), plus payroll and back-office support for recruiters. Praetura Group invested in it in 2022. It does not publish its fees or advance rate.
What this page covers
This page covers
Zodeq's products, back-office support, sectors, ownership and what it does not publish
Not covered here
General invoice finance education (see /guides/), other sectors (see /industries/), the full provider directory (see /providers/)
Key Facts
Source: Zodeq's about page, invoice finance page and FAQ page, read 14 October 2026.
What Zodeq offers
- Invoice finance (factoring). Zodeq pays part of each invoice as soon as you raise it and collects the money from your customer. Your customers will know you use Zodeq.
- Invoice discounting. The same advance, but you keep chasing your own customers and they are not told.
- Zodeq 360. Back-office support for recruiters. Zodeq has its own payroll team and also lists HMRC administration as a service.
Who it suits
Zodeq suits a recruitment agency, including a new one, that wants funding and help with payroll from the same firm. It also funds other kinds of business, so it is worth asking if you are not in recruitment. Praetura Commercial Finance, in the same group, lends larger amounts against invoices and other assets.
Other lenders to compare
Zodeq publishes no fees, so get a written quote and set it beside quotes from others.
| Lender | Published minimum turnover | Paid up front | Source |
|---|---|---|---|
| Sonovate | No minimum | Up to 100% | sonovate.com |
| Ultimate Finance | None published | Up to 95% | ultimatefinance.co.uk |
| Bibby Financial Services | None published | Up to 85% | bibbyfinancialservices.com |
| Time Finance | None published | Up to 90% | timefinance.com |
Figures as published on each lender's own website, checked 14 October 2026. None of these lenders publishes its fees.
Our verdict
Zodeq is worth asking if you run a recruitment agency and want funding and back-office help in one place. It publishes no prices, so compare its written quote with at least one other lender before you sign.
Official site: Zodeq
Founder & Managing Director, Muswell Rose, founder and PSC of Best Business Loans Ltd
Adam is the founder and managing director of Muswell Rose and a founder of Best Business Loans Ltd, the company behind Market Invoice. He spent over three years as managing director of Penny, a UK invoice finance business, and his career runs through insurance, mortgages, commercial finance and fintech lending. He writes the Market Invoice library.
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