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Working Capital Management

Working Capital Management

"At a time of major change, Sollertia has provided the solid foundation on which many of our business critical processes have been rebuilt".

rotrex group logoName of Business:
Rotrex Group Limited

Director:
Simon Butterworth

Business Description:
Winch hire, sales and services and façade-access services

Location:
Gryphon Works
Wimsey Way
Alfreton Trading Estate
Alfreton
Derbyshire
DE55 4LS

Website:
www.rotrex.co.uk

Contact Number:
01773 603997

Overview:
Rotrex Group, winching and FM specialists, turnover of £9m+

Problem:
Rotrex needed to identify and stabilise their working capital requirement.

Solution:
Sollertia undertook due diligence on financial management of the business
operations performance, sales and purchase ledger condition plus future liabilities.

  • A detailed short and long term view of its working capital need was established
  • An ongoing management reporting profile was defined and agreed
  • Designated reports are produced at regular intervals
  • Allowed Rotrex to move from responding reactively to business needs
  • Provided a structured and planned direction of its working capital


Outcome:
The reporting regime devised by Sollertia means that:

  • Rotrex’s decision making is now better informed
  • Huge benefits are brought to cash flow management
  • Rotrex can increase and make better use of working capital


Comment:
"At a time of major change, Sollertia has provided the solid foundation on which many of our business critical processes have been rebuilt."

Simon Butterworth, Managing Director, Rotrex Group Limited