Since its inception, Laser's financial performance has been sound and consistently achieving positive year-on-year turnover growth. However, as from the last quarter of 2008, the company has been experiencing declining turnover and suppressed order book from its traditional major customers including amongst others Bell Equipment Ltd (contributed 65% of 2008 Turnover). The slump in demand: volumes were attributable to the sudden global economic slowdown, particularly within Laser's targeted market sectors namely, capital equipment, automotives and construction were heavily affected by the slump. The downturn coupled with the pursuant recession caused a working capital funding shortfall.