Development and implementation of a cash improvement programme, building design industry
A company involved in planning and constructing technically complex buildings, owner-managed, with € 35 million in turnover.
Developed daily cash forecasts
Created short-term liquidity by bringing forward customer payments of invoices
Increased the very conservatively set volume of invoices
Agreed supplier credits
Shortened customers’ payment terms and extended those of suppliers
Concluded external financing through a bank consortium
Raised the project managers’ awareness of liquidity
Achieved a sustainable improvement in earnings
- The measures described above removed the threat of insolvency.
- Available funds increased from € 0 to an average of € 2 million.