A leading independent supplier of laboratory equipment
The Revolving Credit Facility from Just Cashflow
White Horse Scientific is a leading independent supplier of laboratory equipment. Over the years they have sourced new and innovative products from established manufacturers from around the world, especially those who did not have a presence in the UK market.
The company operates using a direct sales force or customers can purchase items online to speed up the process if required. WHS also employ a number of experienced service engineers for installation of technical equipment and also for annual servicing or annual maintenance contracts.
As a small independent distributor they have the flexibility often not found with larger organisations to customise a solution to meet customers specific needs. This has been a decisive factor in many recent temperature monitoring requests where they have been able to offer a truly bespoke solution to a number of NHS sites.
Ian Morris, Managing Director, explained to us that WHS designs and manufactures a very specific Blood Analyser used for routine tests on women during pregnancy. Once installed these analysers are serviced and maintained through a five year framework agreement with NHSBT, which is a crucial part of the business. In order to facilitate the development and manufacture of a large number of analysers for a new framework agreement it was essential for the business to secure funding to facilitate this, especially as the systems cost over £100,000 per site.
The speed of the process to facilitate the funds was extremely important as NHSBT had specified a very short timeframe in which to install all units at a number of sites around the UK. It was therefore critical that Just Cashflow did all they could to help Ian and his business as quickly as possible.
White Horse Scientific initially started working with Just Cashflow in April 2016 and when the order was placed in March 2017 it seemed logical to approach Just Cashflow to extend the terms of the facility.
Jamie from Just Cashflow Business Growth Team had worked closely with Ian in 2016 and following further communications, with the help of Jamie, Ian was able to undertake the process of extending the facility allowing WHS to manufacture all the analysers required to fulfil the whole order in one go.
When asked about working with Just Cashflow Ian said that he had found Jamie and everyone he dealt with had been very helpful, very friendly and always willing to listen to his very specific requirements. Overall a pleasure to deal with.
When asked if he would use Just Cashflow again, Ian commented that following the initial funding, they have already returned for further funding and would do so again if the need arose.Who have we funded?
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