Cashflow issues turned round for haulage supplier
Case Study23rd Mar 2022
Contributors
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Our Client
A successful UK family-owned haulage and logistics supplier who suffered short term cashflow issues.
The Board and management team were focussed on day-to-day business operations and didn’t have the experience in wider commercial strategic or financial matters.
Our Approach
- Prepared quarterly board reports and met with the Board to review KPI’s and future plans
- Prepared annual financial projections – profit and loss account, balance sheet and cash flow and correspond with the bank on client’s behalf
- Reviewed current cashflow issues, projections and banking covenants regularly and challenged management where appropriate
- Carried out tax planning advice for both the business and for the management team as individuals
- Prepared presentations and held discussions with the bank for refinance arrangements
The Outcome
- Project managed refinancing and projections projects from start to finish on behalf of client to ensure the management team remained focused on day to day operations
- Proactive tax advice was given to the client after reviewing the business costs and analysing different finance options
- Peace of mind for client was achieved as AAB provided commercial advice given our experience in dealing with transactions with banks on other projects
- Regular contact from AAB to ensure projects are kept moving forward
- Improved efficiencies internally in finance and admin function
- Successfully refinanced banking arrangements
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