Situation

The company is an international civil engineering contractor with particular specialisms in large-scale infrastructure and surface mining.

Challenge

The company has been exploring various financing options ahead of anticipated contract wins and continuing large-value projects.

How we helped

Our team had previously engaged with this client and had agreed to a smaller facility, to support the working capital requirements of a new contract. Due to the continuing relationship, a review of their short and medium-term funding requirements evidenced a need for further working capital.

Results

A £300k facility was requested and quickly agreed upon. The funding has enabled the business to plan for current and future projects on a more secure financial footing which should facilitate continued strong financial performance.

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