Business Growth

Through these articles, we aim to demystify the world of special situations financing and showcase how Hermes Capital uniquely supports SMEs (Small Medium Enterprise).

Through these articles, we aim to demystify the world of special situations financing and showcase how Hermes Capital uniquely supports SMEs (Small Medium Enterprise).

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?

Recently, a mining services business dealing with the wet & dry hire of equipment encountered setbacks in the mobilisation of large contracts, after the fleet had been largely either mothballed or retrenched. Despite the long-standing business being historically successful, recent financial data indicated a lack of serviceability – bringing the business to a standstill. The need for funding new equipment, re-certification of mothballed equipment and further working capital was apparent, with a total funding requirement estimated for $1M.