Funding

The problem

A transport group operating bus services for local authorities and leader in its sector in the South of England was being squeezed by a lack of credit availability and increasing oil prices.

What we did for them

  • The turnaround strategy included working capital and stake acquisition funding
  • Turnaround fund invested £200,000 for a 51% stake in a new investment company which has acquired 100% of the transport group
  • Provided a working capital facility of up to £300,000
  • A condition of the investment was that debts owed to third parties (in excess of £1m) were written off
  • Post investment in the first six months group turnover was c£4.3m with pre-tax profits at c£250,000
  • To date the bank borrowings have been repaid and the group is trading profitably

0800 331 7418 Why Choose Us?