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Case Studies » Credit Control & Debt Collection
for Yorkshire based Transport Business
Interim Business Consultant advising Yorkshire based transport business which operated mainly on European mainland and expanded rapidly but had been adversely affected by increase in financing costs, combined with increase in fuel costs and appreciation of Euro to sterling resulting in cash flow difficulties and erosion of margins. Undertook full evaluation and negotiated with bankers, factoring house, creditors and assisted management in changing customer profile and set up new logistics company to enable capital injection and substantially enhanced gross margins.
for City Training operation
Business Management contract at City Training operation running courses for personal and corporate improvement with 3 independent, inter-related companies experiencing financial difficulties. Completed full Corporate review and implemented revised operational methods covering administration and financial procedures and job costing budgeting for Tenders and negotiated with creditors to reschedule payments based on cash flow indicators. Relocation programme prepared and accepted by company.
Major European Insurance Loss Adjusters
Short term contract as Regional Credit Controller running small team for major European Insurance Loss Adjusters where amalgamation after merger plus incompatible computer systems resulted in financial complications. In charge of team of 8 and reduced debtors over 4 month period from £8m to £1.6m.
for Car and Van Hire companies
Consultant to Car and Van Hire companies undertaking successful corporate turnaround project, incorporating a diversification and expansion programme into related fields. Evaluated, negotiated and successfully concluded several major ongoing Fleet purchasing and Vehicle Management contracts and set up and oversaw new operating companies. Loss making business returned to substantial profitability.
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