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”.
Great company to deal with, easy process to follow and staff are very helpful.
David and his team have made this process from set up to management of each invoice simple and easy navigate. The website for managing the invoices is easy to use and provides all details required. The team are responsive to queries knowledgeable with their help and advice. Thanks Timelio Team!
Setup is very easy and the Timelio team were extremely helpful throughout the entire process. Funding was approved and available within 24 hrs as promised. I would highly recommend Timelio.
Timelio was the answer to our funding needs. They are willing to listen and recognise that not all businesses are the same! They took time to understand our business and our strategy. The service is easy to manage, responsive and flexible. The fees are clear and upfront.
The Timelio platform has worked extremely well for my company. Every invoice we have submitted has been financed with a minimum of delay or fuss. I feel very willing to recommend it to any company that has solid invoices but needs to improve its cashflow.
Great alternative for new and coming companies to manage stock, receivables and growth. Fast and with good systems to make experience really smooth.
We love Timelio and have been funding some of our biggest customers. The platform is easy to use and we get a quick turnaround with funds into our account. It has made our cashflow improve immensely. Their fees are the most competative in the market. I would not hesitate in recommending Timelio.
MELINDA MINA GNIOT
Timelio is not your average invoice factoring company. They are very innovative with their approach to lending - even with debtors funding. I am impressed with how efficient they are in pulling the deal together - they have taken my old funding partner and myself by surprise.
We found Timelio at this years Xero conference, and it was very 'Timelio' if you get my drift. Within a week Charlotte and her team helped turn our cash flow problems around. Timelio is a very important partner in our business and we look forward to growing with you.
Timelio is a truly unique financial service that will work close with your business to achieve its goals and assist with growth. Coming from a history of using companies like Scottish Pacific and Bibby financial services I can clearly state that Timelio is a much more business friendly and well structured institue with no hidden charges and uncertainties.
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