Croydon-based accountancy firm MDH has helped a recruitment client secure £600,000 in growth capital to stabilise cashflow and position the business for future profitability.
Michael Hemme, Founder and Managing Director at MDH, was approached by the recruitment firm during a period of financial strain. Following a series of meetings to understand their challenges and cashflow position, Michael and his team prepared detailed financial forecasts and undertook a full credit repair process. This resulted in several funding offers from reputable lenders, with £600k in growth capital ultimately secured.
In addition, Michael coached the Managing Director through discussions with a key supplier, resulting in an equity investment that included a minimum buyback option and improved credit terms.
MDH also completed a comprehensive expense analysis, enabling the company to reduce costs, return to profitability and plan confidently for future growth.
