Capital raising in a post Royal Commission world
How does a start-up business raise money against used trucks in a post Royal Commission environment?
The owner of a transport business passed away and the deceased estate could find no more a suitable buyer than the business’ general manager (GM).
The GM set up a new entity for the purpose of completing the acquisition. As such, it was deemed a “new business” and was the first deterrent for traditional lenders, despite the fact that cash flow forecasts demonstrated a capacity to service.Read More
Side venture mishap costs regional transport business
This month’s case study highlights a special situations case where a transport company was depleted of its cash resources after the directors invested in a pub.
The cash burn on the pub venture led to ATO arrears in the transport business, ultimately making it impossible to fund the business through traditional means.Read More
$1.8m Capital Raising – A team of Professionals Approach
A regional transport business encountered a shortage of cashflow after they discovered that their accountant had not been correctly accounting to the ATO.Read More
Locked in an unprofitable contract? Build a “runway”
A transport business was locked into an unprofitable long term contract with one of its larger customers. They had made a mistake in agreeing to the terms in the first place to be sure, and the financial outcomes were noted unfavourably by the client’s bank.Read More