Business Growth

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.

It is not uncommon for many successful business owners, at some stage of their business life cycle, to be given the opportunity to acquire a business with a complimentary product or service. But how does the business fund this acquisition when the sale is on an all-in basis a majority of the time?

An air services business operating in the mining and energy sectors needed to fund the purchase of a new aircraft. The upturn in the mining sector meant increased demand for charter flights from large mining, civil and energy companies operating in the region.

An engineering firm that provides services to the rail infrastructure sector needed to buy a new piece of equipment in order to make the most of expansion opportunities that would – if seized – transform the business.

How can a business grow when they are continually being pigeonholed as just another construction company?