Prime Concrete Developments

For years, Prime Concrete Developments in South East Queensland faced the daily hurdle of cash flow constraints. Struggling to find the available funds to pay creditors on time, barely managing to pay wages and not having anything left were regular features of their financial cycle. When accounts receivable timelines exceeded 30 days or even 45 days till payments were processed, the ongoing financial strain ultimately led to being placed on stop credit with suppliers. The mounting stress and insufficient cash flow left them not knowing how or when this vicious cycle would end.

A fundamental goal for them was to gain greater control of their cash flow and working capital to ensure business continuity. They turned to us at ABL Corp to enable an effective funding solution that would keep them afloat and then go on to drive business growth.

The value from each sales invoice was paid into our account within just a few hours. This instantaneously provided flexibility and certainty within their business and completely changed how they operated. This then enabled Prime Concrete Developments to work on the business instead of in it, which formed the pathway they needed to facilitate growth instead of stagnation or demise.

“For any start-up or small business wanting to grow, ABL is the trusted partner of choice in the finance industry. Led by Paul Dowling, he will ensure that your business needs are met, facilitating cash generation, bill payments and wages, clearing overdue invoices and supporting daily operational needs that result in business flexibility. Beginning in 2017, we have shared a six-year partnership with ABL Corp and with their support, we have averaged a remarkable 236% growth each year.” - Mark Reed, Director - Prime Concrete Developments