Wednesday 16 March 2016 by William Arnold Company factsheets

CML Group AUD BBSW+5.40% 18 May 2021 Senior Secured Bond

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CML Group Ltd AUD BBSW+5.40% 18 May 2021 Senior Secured Bond

CML Group Ltd (CML) is an ASX listed provider of finance, payroll and recruitment services with 45 full time staff across three offices (two in Sydney and one in Brisbane).  The group’s main growth strategy is focused on ‘factoring’ where a business sells its accounts receivables/invoices to CML at a discount in order to provide cashflow. CML has a market capitalisation of circa $16m as at 7 March 2016 and also has an additional $10m in ASX listed convertible notes.