CashBuilder case study £2.5 million generated for SME
The owner was very concerned about the deteriorating cash balance and asked us to increase the cash balance to ensure survival and future growth without impacting the business operations.
What we did
- Engaged the business and management team to focus on debt collection and invoicing
- Increased visibility of aged debt, and initiated debt review meetings with the management team
- Focused on improving the project administration prior to the point of invoice
- Appointed a dedicated credit controller
The net cash balance increased from near zero to over £2.5m. This secured business survival and provided the cash to enable continued future growth.