These debtor finance facilities are fine for labour hire companies where they have to pay wages 7 days but don't get paid for 30-60 days. Would it be fair to say BPF major costs 80%+ is wages and they don't get paid for 30-60 days, then facility makes sense. Obviously an initiative of the new CFO. But means nothing if sales aren't increasing.
These debtor finance facilities are fine for labour hire...
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