This Victoria-based trade signage group specialises in trade signage printing services and printing supply and equipment distribution. The group is a leading distributor of high-quality signage, printers and printing products in Australia and New Zealand, with a fast growing and energetic team.
In a period of rapid expansion, and with a forecasted annual turnover of $12.5m, the business originally approached Octet for a Debtor Finance facility. At the time, they were going through an extensive cost-cutting process to reduce outgoings and streamline their staffing and procurement processes.
As part of a thorough assessment, Octet reviewed the creditors and debtors ledgers, and found that both were well spread.
This meant Octet could offer to fund the existing debtors ledger, along with new invoices going forward, under a flexible Debtor Finance facility of up to $1.75M spread across the group.
This facility, together with a robust Trade Finance facility of $350K, helped to create more cash flow and free up working capital. With overheads reduced, flexible lines of credit established and new access to invoiced funds, the company is set to well exceed their forecasted profit over the next financial year.
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