Pharmacy in Liverpool uses credit facility to purchase newpremises and plug payment gaps
Deal type: Working capital
Facility: Revolving credit facility
The situation
A pharmacy in Liverpool approached us because they were waiting 30 days or more for NHS payments.
During our consultation, they mentioned their growth plans. That’s when we knew we could help in more than one way.
The solution
When the client said they were purchasing two other pharmacies, we knew a
revolving credit facility would work better than invoice financing.
Once they received the NHS income, they could use it to acquire the new
pharmacies, freeing up their working capital.
The result
By opting for a revolving credit facility, the client sped up their growth plans. Once
they open the new pharmacies, they can use the extra income to pay off the
revolving credit facility.
The client is also planning to use pharmaceutical robots soon to increase efficiency. Therefore, their costs will drop substantially, and they can pay off the facility faster.
Your finance deal is a conversation away
Only by talking to our clients can we recommend the best option for their business.
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