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Our client purchased a passenger transportation company 12 months ago which had lost several major contracts under the management of the previous owner. After a back to basics focus on customer service the business has now turned the corner and has increased their vehicle fleet to cope with the increase in demand for services.

The increase in business has placed a strain on cash, with suppliers and employees on weekly or fortnightly payment cycles and key customers on 20th of the month following credit terms. Their bank was not able to extend the current facilities and referred them to Interface. Interface has been able to provide the required funding to bridge this cash flow mismatch and provide our client the opportunity to build the additional equity in the business and a trading history that will enable them to obtain an increased funding facility from their bank.