From Cashflow Gaps to Growth: Transforming a Wholesale Leader

Serving diverse sectors like plumbing, fire, civil, industrial, mining, and construction, this Aussie wholesale company had ambitious plans for growth. However, cashflow gaps pose a significant challenge. That’s where TP24 stepped in, turning financial hurdles into stepping stones for success.

Background

Location: Australia
Company: Plumbing Goods Wholesale
Funding Amount: $1,200,000

The Funding Needs

The company faced several financial challenges that needed addressing:

• Debt Consolidation: Simplifying and managing existing debt for better financial health. Given the significant investment required to meet the growing demand in sectors like construction and mining, consolidating debt allows the company to reduce financial strain and improve cash flow management.
• Funding for Growth: Securing capital to expand operations and tap into new markets. Access to additional capital ensures the company can scale operations to meet market demands. 
• Working Capital: Maintaining smooth operations with adequate cash flow. The high-value nature of sectors such as industrial and mining, which contribute over $200 billion to the economy, necessitates a steady flow of working capital to manage large orders and maintain supply chain efficiency.

Industry context

Australia’s wholesale industry is thriving, thanks in large part to significant developments across several key sectors. Construction projects are on the rise, leading to a surge in demand for plumbing and building materials. Wholesalers are crucial in ensuring these sectors receive the necessary materials efficiently and reliably, highlighting the need for strong supply chain management and financial stability to support this growth.

Funding Solution

TP24 provided a tailored funding facility of $1,200,000, designed to meet the company’s specific needs. Key features included:

• Confidential Facility with Control of Own Collections: Allowing the company to manage collections independently while benefiting from financial support.
• Quick Turnaround: From the first meeting to finance approval, the process was completed in just 9 days.

TP24 is here for those critical moments, helping businesses reach their next level until they no longer need us.

Explore TP24’s working capital solution, designed with customer-centricity in mind. Enjoy secure flexibility, minimal administrative burden, and a departure from traditional banking norms. Experience business finance, done differently.