Client: Group of community retail pharmacies in North London
Linking working capital facility to NHS turnover creates ‘cash headroom’
Daniel, the owner of a group of three standard hours, community retail pharmacies in North London, was frustrated because a lack of working capital meant that his businesses were growing at a slower rate than planned.
By linking the working capital facility to the pharmacies NHS turnover, Woodsford RxBridge were able to provide a significantly greater quantum of funding than was available from their bank or other providers. The business now has access to a larger working capital facility to meet ongoing creditor payments and has more cash headroom to invest in growing the pharmacies.
Woodsford RxBridge provide funding solutions specifically for pharmacy businesses drawing on more than 25 years of experience and knowledge of the sector and an understanding of the capital-intensive demands of purchasing and running a pharmacy.
You can find out more about this finance solution and how it could help your business on our Growth page.