Healthcare wholesaler switches invoice finance facility

Industry: Healthcare

Product: IDeal™ with bad debt protection

Facility size: £750k

Trading since 2006, this industry leading wholesaler supply a wide range of products and expertise to various UK and overseas industries, from wellness to the pharmacy sector.

Already benefitting from invoice discounting, the company wished to consolidate their facility and bad debt protection with a provider that could also offer high levels of customer service. Close Brothers was able to offer a £750,000 invoice discounting facility with bad debt protection.

This will minimise administrative burdens whilst creating the additional cashflow required to enable further growth in the coming years.