Increasing Working Capital and Turnover for Food Manufacturer

This food manufacturer and distribution company had been established for 10 years. In this time turnover had grown significantly – to the extent that the management team had just invested in new premises.

Objectives:

The management team was keen to generate a return on the increased capacity available. They therefore wanted to reach an increased customer base and improve turnover significantly. Their main objectives were to:

•  Determine were the opportunities for increased turnover would lie
•  Determine working capital requirements
•  Source affordable finance to cover working capital requirements

What Platinum Did:

We spent a period of three weeks working with the managing director to:

1. Develop a credible marketing plan showing how new customers would be recruited and the associated costs
2. Prepare financial projections to illustrate working capital requirements
3. Introduce management team to potential lenders
4. Follow up on additional enquiries from lenders

The Results:

Client raised £145,000 working capital. Turnover has doubled in the year since obtaining the funds and the company has opened its own outlets.

Clients Comments:

“We found the service extremely useful and professional. It came at a timely point – enabling us to focus on running the business while a professional critically looked at the planning.”

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