Since starting in 2016, Workfast has grown to become one of Australia’s leading labour hire companies. Their Managing Director, Tim Nieuwenhuis, expects a boost of 30-40% growth over the next six months, having recently signed deals with many new clients, including 10 tier one rail, construction and mining companies.
Experiencing this kind of growth has come with its share of challenges, according to Tim. “Building a team is always a challenge. You need the right team. The team we’ve built is flexible and flows with the business. They don’t get hung up on doing something just for the sake of it, this means they can adapt quickly to changing demands and the needs of our customers”. But according to Tim this wasn’t their biggest challenge.
Workfast was experiencing rapid growth but the strain on cash flow started to impact their ability to accept new opportunities.
They needed a solution.
“The reason we came to Timelio is the flexibility, value for money and speed”, the same attributes Tim felt closely aligned with those at Workfast. “Our whole business is built on speed. We do everything fast, we don’t wait until tomorrow and that’s our number one differentiator.” There were other advantages too, “With Timelio there is nothing hidden in the fee. You know what you’re going to pay and it’s very reasonable, but more than that there’s a level of honesty and transparency that makes it worth it.”
Like many labour hire businesses, Workfast’s growth requires funding to make the most of available opportunities. “Timelio has been great for us because there’s no cap on growth, if you have the sales then they have the funding. Before Timelio we had to turn down contracts every month. If we’d had Timelio last year we would have turned over $15 million more, we just didn’t have the cash flow to support this growth.”
It’s an exciting time for Workfast, a young and growing company who have come into a competitive market and carved out a significant share. “This year we’re looking to expand into new industries requiring specialist products and skills to further grow our revenue and margins”, says Tim, “and that will come with another big ramp-up over the next few months”.
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