Durrant Pate/Contributor

Air conditioning and energy company CAC 2000 Limited is currently facing cash flow concerns, due to increased supplier demand for upfront payments and increased clearance costs due to full container shipments.

While the company has managed to stay afloat, the management is concerned about certain external factors, which are impairing the company’s cash flow including the increasing demand for advance payment and performance bonds on large projects and customers extending payments beyond the 14-30 days.

In its second-quarter report to shareholders, company CEO Gia Abraham advised, “Cash flow continues to be of concern as we deal with the  negative impact on our overall cash flow.”

On the positive side, the second quarter ended April 30, 2024, saw an increase of 15 per cent in revenues amounting to J$445.54 million, up from J$386.50 million for the comparable period last year. In addition, CAC 2000 was able to contain its overall operating expenses by two per cent to J$154.89 million down from J$158.67 million last year.”  

CAC 2000 Limited is 52 per cent owned by Caribbean Air Conditioning Company Limited, a company incorporated and domiciled in St. Lucia. The principal activities of the company are the provision of energy and indoor environmental quality (IEQ) solutions, especially around thermal comfort (which encompasses HVAC installation, maintenance and repair). 

The company is registered at 231 Marcus Garvey Drive, Kingston 11.