Begbies Traynor Group

Refinancing of Wholesaler


We assisted a profitable wholesale business that was experiencing adverse cash flow issue due to:

  • Incorrect working capital product (overdraft)
  • Prohibitive lease, with pending exit and dilapidations liability
  • Lack of accounting support for directors to make informed decisions

Work undertaken

Our team of specialists were engaged to facilitate a refinance and support the company through the transition. We also introduced external accountants to assist the existing book keeping function.


An invoice finance provider paid out to refinance the bank and provide cash to assist with a change of location.

It was recommended that they engage a new accountant to assist with the implementation of the invoice finance facility and to maintain management accounts, with a view to providing proactive advice.

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