Client Area

Building Company Perth

Learn how our finance team helped this small business grow by restructuring their business finance

Scenario

Our finance specialist Wade Henry was approached to review a building company’s financial structure. Both directors were uncomfortable that they had their personal property and spouses’ guarantees tied up with their business.
 

The challenge

Wade’s challenge was to untie the personal property from the financial security and find alternative collateral for loans to enable the business to grow.
 

The finance broker difference

Experience with similar professional services businesses, including other building companies, gave Wade a good understanding of the industry that helped when researching the business. Wade looked at the businesses projected cash flow, the forward order book and the work the building company had due to complete. A long-term approach was used to assess upcoming jobs.
 
To help the new client Wade needed to: 

The result

Wade put a financial value on the client’s future work and used the projected cash flow as security against the loans. This enabled the client to refinance and recapitalise. It also simplified the financial security structure by removing the directors’ and their families’ personal property as collateral.
 
The client continues to benefit from the assistance and accessibility of their finance broker through:

  • Regular financial review meetings
  • Regular reviews of working capital needs
  • Ongoing business feedback

 
Do you have a challenge for our finance brokers? See how they may be able to help you with business, personal and home finance. Contact our team of brokers today.
 
 

contact us today

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To find out more about this service or request a complimentary consultation, simply fill in the form below and a member of our friendly team will be in touch shortly.

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