Overview
Constructionware is a trade and construction business that works on major building sites from offices to homes and so on. They're aim is to do the dirty work and provide you with a place to be able to live out your potential.
About
Client Name: Jimmy
Industry:Â Trade & Construction
Location: Sydney NSW
Size: 10- 30 Staff
Constructionwares is a medium size business who's purpose is to be the main facilitator of change for those looking for a new start and a better life, creating their homes
"Oysterhub were able to restructure our business effectively to help boost growth."Â
Jimmy Dunn Vice President
How has your project helped the client?
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The Challenge
Jimmy was faced with the challenge of dislinking the director's family ties from the business to ensure that in case of an emergency that it was not all lost. The challenge lied in providing financial security for Jimmy and find alternative collateral for loans to enable business growth.
Finding alternative collateral
Previous finance broker could not provide effective restructuring advice
Complex financial structure
The Approach
We discovered that there was a lack in an effective finance broker who had experience within this regard and we were able to help fill this void when working with Constructionware. Upon observing the projected business cash flow, work in progress, forward order book and other factors a long term approach was devised.
Simplify the firm's financial structure
Restructure the businesses funding model
The Results
finding the pearl
We were able to attach a financial value on the Jimmy's future work and using the projected cash flows as collateral for the loans that had been secured facilitating in the ability to refinance and recapitalise. This simplified the financial security structure by removing the directors' and families' personal property as collateral.Â
In order to ensure sustainability of this restucture and continued benefit we are readily accessible to Jimmy and his team via:
- Constant financial meeting reviews
- Constant reviews of working capital needs
- Ongoing business feedback
Oyster Hub experts take care of all the financial hassle
Oysterhub restructured their financial strcuture accordingly
Jimmy has constant access to the Oysterhub team