New ADHD clinic in Manchester hits the ground running with invoice financing

Deal type: Working capital

Facility: Invoice finance

Facility value: £500,000 

The situation

A new ADHD clinic in Manchester approached us after they faced payment delays. 

The clinic receives NHS subsidies for assessments and prescriptions. However, it was taking two to three months for them to receive the funds. 

This created a bottleneck, as they had business expenses and employee salaries to pay. Also, as a new clinic, it was stunting their growth plans. 

The solution

After speaking with the client, we could see they were the perfect candidate for invoice financing (also known as a prepayment or advance). 

This would allow the clinic to send invoices to the lender for a percentage of their value while they waited for the NHS funding. Once they received it, they could repay the lender. 

As the debtor book was from the NHS, we knew our lending panel would classify it as a solid, reliable debtor and approve the deal. 

The result

We closed the invoice finance solution within two months, helping the new start-up to get off the ground. 

It provided them with a 90% advance against the NHS debt. They can draw on the invoice finance facility when they need it, then repay the lender when they receive the NHS funding. 

The ADHD clinic can now pay its staff and cover running costs while it waits for the NHS funding to come in. 

Your finance deal is a conversation away 

Invoice financing is one of the working capital funding solutions we secure for businesses across the UK. Explore the different options or get in touch to see what we can do for you.