The situation beforehand

M. Davenport Builders had extra working capital funding payments to make before Christmas.

Their cashflow was restricted due to unsold assets.

Pressure from increased material costs were suppressing agreed contracts.

An extended overdraft was agreed but further funding was needed.

The success we've achieved

Hallidays ensured that the positive elements of the business were compiled and presented at a meeting facilitated by us with the bank.

We produced various projections to demonstrate the affordability of the potential funding required.

Sensitivity models were also produced and submitted by us based around both reduced and increased gross margin.

We continue to support the business owner and liaise with the bank, relieving some of the day-to-day worry and stress.