A relationship that grew with MMS
MFG was introduced to MMS in 2016, when annual turnover was approximately $20 million. We began by getting to know the directors, the equipment the business was operating and the funding already in place. The immediate purchases mattered, but so did the question of how the fleet and its banking support could keep pace with the business they were building.
At that scale, the next machine is rarely an isolated decision. A truck might answer an immediate need on site, while the banking position behind the entire operation has to carry the next contract, replacement and working-capital requirement too.
Placing the next machine in the wider banking picture
MFG introduced MMS to two major banks, including its house bank. As the relationship developed, equipment facilities sat alongside other banking requirements such as debtor finance, overdrafts, direct credit, cards and guarantees. The point was to build useful capacity around the business, rather than assess every asset as a separate loan.
The work has involved dump trucks, excavators, support vehicles and facilities with quite different purposes. Putting everything with one lender could limit what remained available elsewhere. The banking relationships therefore had to grow alongside the equipment program, rather than follow it months later.
A change in the work
As MMS moved from civil contracting into a fuller mining-services operation, the equipment requirement changed too. Its work came to encompass the people and plant a mining client needs on site, from technical personnel and operators to the machinery itself. Across 2022–2026 the equipment program included 120 to 200 tonne excavators, dump trucks, loaders, graders, dozers, service trucks and light vehicles.
MFG stayed involved as those requirements grew, considering which lenders should support the larger assets while keeping the broader banking facilities and future borrowing capacity in view.
The relationship today
MMS now turns over more than $250 million, compared with approximately $20 million when the relationship began. Across ten years MFG has supported more than 200 equipment purchases, including more than 100 dump trucks, and helped establish combined banking facilities exceeding $50 million.
The continuing work is not confined to arranging the next approval. Each purchase has to fit the fleet, the existing lender exposure and the work the business expects to take on after it.
