Courier Services Business in VIC Comes Back From Liquidation

When a courier services firm approached us, they had multiple subsidiaries operating at a loss and were under immense pressure to stay afloat.

To make it through this rough patch, they needed to restructure. The business was looking to optimise the use of PP&E by consolidating all entities into one company, as this would help bring it back to profitability. So, they liquidated the three entities and started a new company. 

Our Invoice Finance facility advanced for unpaid invoices, enabled their new company to improve cash flow, repay their debts and keep afloat. Now our finance facility will grow in line with the value of their outstanding invoices and work as a flexible solution to regulate their cash flow.