Quality Floors is a leading flooring specialist with offices in Sri Lanka and Bangladesh.
The company provides total flooring solutions to a diverse range of industries covering transport, healthcare, automotive, parking and commercial spaces.
500000
SQ M2 OF FLOORS
400
CLIENTS
5
COUNTRIES
14
years
Our first standalone Corporate Strategy and Planning engagement, where we actively worked together with management in boosting the bottom-line of the company.
BOTTOM-LINE
boost
BALANCE SHEET
healthy
We identified many operational and financial issues and focused on streamlining the business by:
- Improving efficiency and delivery of projects
- Implementing better working capital & cash management practices
- Monthly performance monitoring/reporting
- Reconstructing a healthier balance sheet
- Diversifying revenue streams by exploring inorganic expansion opportunities
Our biggest value addition – bringing a fresh perspective to old processes!
We introduced a monthly raw material and sales inventory tracking system, project cash flow management tool, a receivables tracking system, and also restructured debt, paying down expensive facilities and streamlining banking relationships.
These changes to working capital practices significantly improved cash generation as inventory stockpiles and debtors significantly reduced. Payments made to suppliers were better matched with collections, leading to lower net debt levels and better liquidity.