‘Crucial’ deal for construction company signed and sealed

A “crucial” deal has been struck for Yorkshire construction company JAC Consultancy.

Reach Commercial Finance has put in place a £100,000 invoice finance line plus insurance from Allianz to protect against future bad debt.

JAC Consultancy, based in Leeds, specialises in construction services across the UK.

Despite a healthy number of deals in the order book for 2022 and beyond, the company had accumulated significant debt and invoice finance problems, consequently putting pressure on trade creditors.

Following a referral, JAC sought expertise from Reach Commercial Finance and specialist Phil Trueman who stepped in to work with the company directors to create a plan.

Trueman carried out a review of JAC’s position and restructuring options for the business, drawing on the expertise of colleague Anthony Milnes at Reach’s parent company Leonard Curtis.

Trueman said: “This was a real collaboration between Leonard Curtis and Reach to get the client back on track. JAC has a young management team and they drew heavily on our experience to get through the process and deliver the right solution.”