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.”

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