Working capital for labour hire company
Flexible cash flow facility for a growing business.
A small company specialising in formwork and labour hire for the construction industry achieved substantial growth in FY16. The company had tight cashflow and required a flexible working capital facility to expand their labour hire business.
- Confidential Debtor Finance facility
- 80% advance rate on invoices
- No security taken over Directors' property
- No monthly reconciliations, which minimised business disruption
- Working capital solution eased cashflow without taking on additional debt