Project Express

The Business

Project Express is a mid-size freight forwarder based in Essex.

Privately owned and operating in the sector for many years, it has developed a strong reputation for on time delivery and high quality customer service.

The Situation

The business was the victim of a major fraud which led to a significant hole in cash flow.

Additional lending from its bank and an HMRC time to pay arrangement provided breathing space for the company to restructure.

The added complication of a major supplier and global shipping giant, Hanjin, entering administration put even more pressure on cash.

Value Add

Stabilising the business by taking full control of the finance function, implementing cash controls and introducing accurate weekly and monthly reporting.

Managing the bank and other key external relationships to ensure the directors had sufficient funding to cover intra-month peaks.

Running a recruitment process to identify and select the right long-term replacement to lead the finance team going forward.

Location

Essex

Sector

Logistics

Deal

Business Growth

Confidential Logo

I was introduced to JDC by my bank after we were the victims of a major fraud.  From the first meeting I was confident they could help stabilise our position, control our cash and improve our financial systems for the future. I would not hesitate to recommend JDC to other business owners seeking some hands-on support.

Managing Director Project Express