Gin lovers rejoice! Since its inception in 2017, a gin distillery in the North East has been making waves in the spirits industry with its top-quality gin. The company’s unique recipe and strategic location have contributed to its rapid success, establishing strong relationships with alcohol wholesalers and retail shops across the UK.
However, with growth came challenges. The distillery faced a significant hurdle: managing an increasing number of invoices which threatened to impede their expansion plans. They needed a solution to maintain steady cashflow and facilitate further business growth.
The Power of Invoice Finance
Enter invoice finance—a financial strategy allowing the distillery to leverage unpaid invoices to secure immediate funds. This innovative approach provided the cashflow necessary to secure larger premises and invest in advanced machinery, crucial for scaling production.
By utilising invoice finance, the distillery not only streamlined their credit control operations but also gained the financial freedom to focus on core business growth strategies. This move was instrumental in unclogging cashflow, enabling them to meet large purchase orders and invest in inventory.
A Seamless Financial Solution
The transition from purchase finance to inventory finance, and finally, to invoice finance, offered a seamless financial solution for the distillery. This strategy ensured that working capital tied up in stock was efficiently managed, supporting the distillery's expansion and production increase.
In essence, invoice finance played a pivotal role in transforming the distillery’s financial landscape, enabling them to focus on what they do best—crafting exceptional gin for enthusiasts across the UK.
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