Drinks wholesaler expands offering with Invoice Finance

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This business specialises in the manufacturing of ready-mixed alcoholic drinks for a restaurant chain, which make for quick and efficient service and help control overheads at venues.

Having gained orders for additional lines of drinks, the business tasked its accountant with finding a funding partner that could support with the costs of developing the new range.

The team at Ultimate Finance tailored a £150,000 Invoice Factoring facility with additional whole turnover debtor protection to provide the business with the breathing space required to develop and launch the drinks.

Senior Regional Director Alastair Logan says, “As the business is expanding both its offering and its availability across the country, an Invoice Finance solution is perfectly suited to help it meet its ambitions. The facility will help provide access to cashflow, an essential need at such a time and debtor protection will help provide an additional layer of breathing space as the drinks make their way into more restaurants all over the UK and within airports”.

With the funding in place and the new drinks ready to be served, the business is now eyeing up further growth and looking to increase its turnover in months to come.