Client: Group of community retail pharmacies in South/West London

Client: Group of community retail pharmacies in South/West London

Ready-made working capital facility enables growth and acquisition.

Asif, the director and shareholder of a burgeoning group of pharmacies wanted to acquire an additional pharmacy with an existing, growing business utilising available working capital, but it was difficult to build cash in the business to facilitate an acquisition.

By linking an unsecured debt facility to the pharmacies NHS dispensing turnover, Woodsford RxBridge refinanced the previous working capital facility and provided additional cash headroom. In leveraging both the existing pharmacies and the target pharmacies assets, Asif was able to complete the acquisition. The business now has a ready-made working capital facility to enable growth across the burgeoning group, with the next target acquisition having already been identified.

I switched my working capital facility from another provider to Woodsford RxBridge as it’s cheaper, more flexible and releases more funding which has both helped me grow my business and acquire another outlet.

– Asif from West London

Woodsford RxBridge provide funding to meet a whole range of uses, from a straight forward refinance of existing working capital facilities to enabling further acquisitions or accelerating equity release.

For more information on this customer and similar facilities, please contact Woodsford RxBridge on 020 7985 8418 or .

You can find out more about this finance solution and how it could help your business on our Growth page.

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