Case Studies

Financial Challenges. Structured Solutions. Measurable Outcomes.

Each of these reflects real finance and commercial work. Client details are kept confidential; the figures are drawn from genuine engagements.

Discuss a Similar Challenge

Case Study 01

From AED 14M to AED 101M in Banking Facilities

Challenge
A growing Dubai contractor was winning larger projects, but its banking facilities had not kept pace. Working-capital headroom was tight, and the business needed materially more capacity to mobilise and deliver.

Analysis
We examined the financials, pipeline and facility structure the way a credit committee would — working-capital ratio, debt-to-equity, receivable quality and WIP conversion — to pinpoint exactly what lenders needed to see.

Action
We rebuilt the financial presentation, structured the right mix of facilities, and managed relationships across multiple banks — growing capacity in stages as the business strengthened.

Result
Banking facilities were built from AED 14M to AED 101M across 10+ banking relationships.

Banks fund a well-told balance sheet and reliable cash flows — not the size of an order book.

AED 14M → 101M

Banking facilities structured across 10+ banks

Focus

  • Business growth
  • Working-capital requirement
  • Banking capacity
  • Facility structuring
  • Financial presentation
  • Relationship management

Case Study 02

How an AED 80M Project Required a Different Funding Approach

Challenge
An AED 80M project carried an AED 30M funding requirement that did not fit a conventional corporate loan — and standard requests risked being declined.

Analysis
We started with the economics of the project — contract value, payment terms, mobilisation, procurement, payment certificates and retention — to see precisely when cash would move and where the gap sat.

Action
We modelled repayment to the certification cycle rather than a flat monthly term, ring-fenced the project’s cash flows, and structured the request as project finance a lender could underwrite with confidence.

Result
The funding was structured around the project’s actual cash-flow cycle, with repayment visibility matched to how the money arrives.

Project funding should be built around the project’s cash-flow cycle — not simply the amount asked of the bank.

AED 30M

Project funding requirement, structured to the cash-flow cycle

Focus

  • AED 30M funding requirement
  • Project cash-flow cycle
  • Contract structure
  • Payment certificates
  • Repayment visibility
  • Project-based funding

Case Study 03

When Revenue Growth Creates Cash-Flow Pressure

Challenge
A contractor’s order book was growing quickly, but cash was getting tighter — mobilisation, supplier and subcontractor commitments were rising while receivables arrived slowly.

Analysis
We tracked the leading indicators that move before the accounts do — uncertified work-in-progress, payment-certificate collection days and retention exposure — to locate where cash was leaking.

Action
We set a weekly measurement rhythm, tightened the certificate submission and collection cadence, and built a funding strategy to carry the working-capital requirement of growth.

Result
The business regained visibility over its cash position and could fund growth without being caught short between projects.

A bigger order book increases working-capital needs — growth has to be funded deliberately, not assumed.

3 Numbers

Leading indicators that warn roughly 90 days early: uncertified WIP, IPC collection days and retention.

Focus

  • Growing order book
  • Increased mobilisation
  • Supplier / subcontractor commitments
  • Delayed receivables
  • Working-capital pressure
  • Funding strategy

Case Study 04

Protecting Project Margin Before the Final Account

Challenge
A project was generating strong revenue, but it was unclear how much profit would actually remain — costs, variations and subcontractor exposure were all moving.

Analysis
We built budget-vs-actual and cost-to-complete visibility, valued variations and assessed commercial exposure, so management could see where margin was really heading before the final account closed it off.

Action
We put project profitability on a regular reporting rhythm, quantified claims and variations, and flagged commercial exposures while there was still time to act.

Result
Management gained a clear, ongoing view of project margin — and could protect it rather than discover it at the end.

Revenue is not margin. The time to protect profit is during the project, not at the final account.

“If the project finished today, how much profit would actually remain?”

Focus

  • Cost-to-complete
  • Variations
  • Subcontractor costs
  • Claims
  • Commercial exposure
  • Margin visibility

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