Shipping: Case Study 1

Background

A shipping company where AAB have been engaged as Corporate Finance advisors for nearly 10 years. Over that period we have supported the company's growth from start up to a business turning over around £15m. The key challenges have been ensuring the appropriate funding structure for the business to support its growth which required a mixture of equity, bank debt and mezzanine debt from several sources as it grew.

Our Approach

  • Prepare annual forecasts for each year based on the 12 month trading budgets then put into our forecasting model to produce full P&L, Cashflow and Balance Sheet forecasts
  • These forecasts cover a 1, 3 and 10 year period to show short, medium and long term outlook for the business allowing management to look at the expected cashflows of the business and plan for this accordingly
  • Also allow ongoing monitoring of performance against budget in a variety of key areas including debtor and creditor controls
  • Assist the business with five separate fundraising processes as it has expanded
  • Introduce debt providers, review the debt structure and requirements at each stage and work alongside the company’s legal advisors to execute each fundraising process

The Benefits to the Client

  • Access to a dedicated finance team with a wide range of experience that has supported them in the growth of the business
  • The Corporate Finance Team has worked closely with our Accounting Services and Corporate Tax Teams to provide a complete service to the client from monthly management accounts preparation to complex tax advice including international tax in the regions the company has expanded into

The Plus Factor in Action

  • We helped our client make money by providing a service whereby the company has been able to tap into our different resources as and when required
  • We saved our client time by preparing annual forecasts each year showing the short, medium and long term outlook for the business allowing management to look at the expected cashflows and plan accordingly
  • We gave our client peace of mind by knowing that they have used our extensive knowledge for nearly 10 years from start up of the business to a business now turning over around £15m
  • We supported them now and in the future by providing access to a dedicated finance team with a wide range of experience that has been able to support them in the growth of the business
Derek Mair web

Key Contact

Derek Mair
Partner

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+44 1224 625111

Our Plus Factor

Our Plus Factor

Our Global Reach

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