Our business was formed just 18 months ago and operates out of Gladstone, Queensland. The business specialises in project management, labour hire, engineering as well as commissioning/close out of major projects for clients in the mining and heavy industry sectors.
As a small supplier to some very large players we quickly found ourselves in the backbreaking position of having a labour force in place for a project, but then waiting anywhere between forty-five days to two and a half months for our invoices to be paid.
As self-starters with years of experience in project management and labour hire, we were well aware that maintaining cash flow would be key to our success.
A review of funding options was undertaken, looking at the offerings of our Banks as well as other debtor finance companies. Quite honestly, we were put off by the extensive fees charged, the limits and rigidity of the options available, as well as needing to make an ongoing commitment to one supplier.
We spoke to a finance broker who suggested Apricity Finance for the simple fact that they offer one flexible product that we can use as and when we need to.
Since we began our relationship with Apricty, we have been working in a much more stable business environment. We currently have our largest ever workforce (90 people) employed and can feel confident that they will all be paid on time, which is paramount to a business like ours. We are also in the exciting position of being able to take on bigger contracts and diversify our offering.
We have a great relationship with Apricity, and even recommended them to an associate last week.