Cashflow issues turned round for haulage supplier
Case Study23rd Mar 2022
Contributors
Related services
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
Related Case studies
Series of fundraising bids help shipping company grow
Audit reveals VAT issue for manufacturing company
Support for company in audit results in minimised tax liabilities
Club reduce costs through improved daily financial recording
Pensions regulations change prompts process simplification
Venue saves time on weekly payroll for 250 employees
Business expansion identifies potential tax issues
Local business sells out to national retailer
Start-up spirits distiller benefits from expertise
Automated finance systems for start up coffee shop
International acquisition of privately owned UK business
Payroll review results in efficiencies for UK food manufacturer
Post-Brexit reporting and funding for EU markets
Minority shareholder retires selling equity
Fishing partnership develop strategy to mitigate tax liabilities
Business expansion through growth capital funds