GLASGOW-based MBN Recruitment is aiming to win new clients in the US and across Europe as it expands using invoice-finance facilities from Clydesdale Bank.
MBN, a technology recruitment specialist which was founded in 2007 and is owned and run by Michael Young, expects to hike its turnover to £2.5 million in its financial year to next January from around £1.5m in the prior 12 months.
It has doubled its workforce to 16 in the last nine months.
The company has already expanded from its Scottish base into England, from where it now derives most of its income.
Mr Young, who founded MBN after spending five years working for recruitment companies, said: "Our focus is to grow a thriving export business."
MBN focuses on the technology, digital and analytics sectors. It sources staff at all levels – from graduate trainees to company directors.
Its client base includes FTSE-100 companies, financial services providers, retailers, utility companies, broadcasters, and digital media agencies.
It also provides services to small and medium-sized enterprises, consultancies and other suppliers within the information technology sector.
Mr Young, who is managing director of MBN, said: "We took the decision to seek a partner to provide an invoice finance solution as we identified this to be a requirement if we were to achieve our expansion goals.
"At the moment MBN has a strong footing in Scotland, and we have now expanded successfully into England, where today the majority of our income is generated.
"Clydesdale Bank proved that not only could they provide the best financial solution, but they also took the time to get to know our business and to support us in setting up the various systems required to utilise invoice financing. Now, with Clydesdale Bank support, we can expand further our business both in terms of breadth of service and in geographical coverage."
Derek Smith, business development partner at Clydesdale's business banking centre in Edinburgh, said: "MBN Recruitment already counts many high-profile UK businesses among its clients, and Clydesdale Bank looks forward to helping it achieve its ambitions of expanding its client base."
MBN declined to name its clients. While confirming it is profitable, it declined to disclose earnings figures. Given its small company status, MBN files abbreviated accounts with Companies House. These show a retained profit of £16,380 for the year to January 31 2012 for MBN Recruitment Solutions Ltd.
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