A client owned and managed a successful transport logistics company and it was made apparent that their existing bank did not have the resources to attend to his most basic financial needs. RSP was engaged to improve this position and put a more efficient financial trading platform in place.
Having a strong credit profile, the client was well received and a much improved platform was provided – guided by a highly engaged bank manager. Throughout the process RSP recognised, through re-engineering of his current portfolio equipment finance, that material cash flow benefits could be attained. This strategy was presented and accepted. A $2.0 M restructuring freed up in excess of $100,000 of cash flow p.a. which was then applied to aggressively reducing non tax deductible debt.