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Case Study:

The Top Knot.

a cut above the rest

Eoin Daniels did not start with a burning ambition to be a business owner. After working alongside other tradies who were running their own show, he decided if they could do it, there was no reason why he couldn’t also. More than 10 years later his decision seems to have paid off as his business, Top Knot Carpentry & Joinery, is successfully completing major projects and employs 500 people across three states of Australia.

About 12 months ago, Top Knot were approached by one of their key customers, Icon, who were implementing Supply Chain Finance with Timelio. Top Knot were invited to participate in the early payment program which enabled them to get their invoices paid quicker. Eoin says, “it’s not too often someone comes along offering early payment, especially when they are a builder, so we were interested from the beginning.”

“once we got into the routine we moved from 45 day payments

to 7-14 day payments. This has meant an injection of cash not previously on


After successfully taking up the Icon early payment program, Top Knot looked at other opportunities to increase cash flow with Timelio by accessing invoice finance for their other key customers.

Eoin says they were initially hesitant to make the changes to their administrative process, but it ran much more smoothly than they anticipated, and it has been fantastic for their planning.

“The whole transition to Timelio’s invoice finance marketplace has changed the way we run our contract administration.”

“We now chase payment schedules as a rule, and it gives us a great advantage. We can also forecast our cashflow with a great deal more accuracy.”

“Timelio’s invoice finance marketplace has changed the way we run

our contract administration.”

Lessons learned along the way

Eoin says the business today resembles nothing like how he started when he was operating on his own out of his home. “I had to learn so much; Microsoft Office, creating business cards, pretty much everything from scratch, and I certainly learned the hard way.”

He offers some advice to other young people wanting to work for themselves. “Do your research before you start. Look at the market and understand what you’re getting in to. It shouldn’t necessarily put you off, but it should hopefully prepare you for the reality of what you’re facing, and you’ll be much better equipped to deal with the issues. I’d also suggest getting in the right people to help you. Go to the experts, because they know what they’re doing.”

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.



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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