manufacturing

 

In addition to designing financial, accounting, and business plans for a newly formed start up, the support provided by the CAIM expert solidified the financial credibility in the eyes of suppliers and bankers.

Problem:

The original business overextended itself, and ceased trading.

A small group of people from the original company decided to start a new business to take advantage of the unsatisfied demand vacated by the closed business.

The team had prospects, and sales and manufacturing expertise but lacked financial and administration expertise.

Solution:

Expert from CAIM joined as a non-executive director providing part-time finance and administration expertise as well as financial credibility with bankers, suppliers, and creditors.

Action:

  • Full financial plan with five-year plan prepared to demonstrate the viability of the business
  • The CAIM expert secured a substantial line of credit invoice discounting providers for the new business.
  • Favourable supplier credit terms were negotiated by the CAIM expert.
  • Favourable terms secured on a lease of premises, credit insurance, and other issues that emerge starting a business.
  • Bookkeeper recruited and trained.
  • A system designed for outputting reports extracting the costs and revenues for each custom manufacturing project.

Results:

At the end of the first year, the company was profitable and running smoothly, the involvement of CAIM expert ended happily.

In addition to designing financial, accounting, and business plans for a newly formed start up, the support provided by the CAIM expert solidified the financial credibility in the eyes of suppliers and bankers.

 

 

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