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 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.
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.