Cashflow finance product for cash strapped transport companies

London: A cashflow finance product aimed at relieving short-term financial pressures at transport companies sector has been launched by recovery and restructuring experts Leonard Curtis Business Solutions Group.

Factoring Advisory Service, part of Leonard Curtis developed the product, called Oxygen, to prevent businesses with short-term financial issues from going out of business.

Paul Reeves, business development director at Leonard Curtis, says there are thousands of businesses throughout the UK that, while trading well, have the legacy of the past three years to contend with.

“Many transport businesses have suffered because of the difficult trading conditions they have faced in recent years. For many SMEs it has resulted in a build-up up of uncomfortable levels of debt with the HMRC, key suppliers or landlords.

“Many businesses are struggling finding access to funding difficult or experiencing cash management problems often due to bad debts.”

“Oxygen is a cashflow finance product which directly focuses on this issue. Its primary function is to provide firms with a tailored and flexible solution which will help them deal with short-term financial issues.”

WORLD NEWS

K Group tests Thermo King E-200 for Finnish grocery delivery

Helsinki, Finland: K Group has tested Thermo King’s electric E-200 fridge on an electric-powered MAN eTGE van on food delivery in Finland.  K Group is …

READ THE FULL STORY >

Krone Cool Liner celebrates 25 years

Werlte, Germany: Krone launched its first refrigerated trailer in 1996 and to mark the 25th anniversary a special Edition of the trailer is being launched. …

READ THE FULL STORY >

Bolloré Logistics to open new pharma unit

Roissy, France: Bolloré Logistics is to handle healthcare products at its Roissy hub with an 800m2 extension of a pharmaceutical unit. This will give Bolloré …

READ THE FULL STORY >

New coldstore for Brussels Airport

Brussels, Belgium: Brussels Airport has opened refrigerated storage for Kuehne+Nagel, Worldwide Flight Services and Expeditors. Kuehne+Nagel is expanding its activities at Brussels Airport for handling …

READ THE FULL STORY >

WHAT’S ON

Latest Tweets

Hultsteins appoints Longhurst Refrigeration as its UK aftersales service partner: bit.ly/3x65xK8 pic.twitter.com/pm8lz8b0iD

© 2021 Global Cold Chain News | Terms of use | Privacy Policy
Commercial Transport Publishing Limited, registered in England and Wales, Company No: 6453302. Registered Office: 6 Corunna Court, Corunna Road, Warwick CV34 5HQ