Transport Logistics

Payments to key suppliers are crucial to the viability of any business, especially when suppliers and wholesalers account for the majority of a company’s turnover. But how does a business remain on good terms with a supplier when unable to keep up with their obligations?

Last week, the financial press reported action being taken by the government to help SMEs better access capital and manage their cash flow. Highlights according to The Australian include forcing large corporations to adhere to 30-day terms and a $2 billion fund to be loaned to SMEs. In our case study this week, we demonstrate how Hermes Capital is ahead of the news cycle with cash flow solutions available that specifically address freeing up cash tied up in accounts receivable.

How does a transport and logistics business recover from a partnership break-up? Particularly when the damage included a cash flow crisis, a voluntary administration (VA), and a long line of equipment financiers who did not want to support the restructured business?