Maintaining control of project cashflows
Financial Director of a high growth construction firm explains how Woodsford TradeBridge have been a valuable partner in supporting business growth and development.
To download the high growth construction firm case study click here
Controlling project cashflows – case study
Who is the client?
“We are a diversified construction company that spans across a range of construction activities. We deliver integrated construction solutions for many of the biggest names in UK construction, as well as running our own turnkey projects.
In less than 2 decades, we have gone from start-up to having a £200 million turnover.”
Why Woodsford TradeBridge?
“Working closely with Woodsford TradeBridge, we put together a supplier early payment programme to provide our project teams with a flexible tool for negotiating with suppliers and subcontractors.
Paying suppliers faster comes at a cost, our Woodsford TradeBridge facility gives the project team the flexibility to bridge this gap with a predefined cost of finance, ensuring we are not compromising overall performance to meet cashflow targets.”
What’s your biggest opportunity?
“As our business grows, and with Woodsford TradeBridge’s support we hope to continue to innovate. The next step for us is to develop the programme to further empower each of the group companies to optimise their own financial performance.
Our aim is to flexibly deploy a substantial amount of our own cash through the programme, enabling us to capture even more of the benefit without sacrificing control of our treasury function.”
To find out more about how Woodsford TradeBridge supported this high growth construction firm, download the full case study: