Client: Bridge Road Pharmacy

Woodsford RxBridge gives Bridge Road Pharmacy the Working capital they need to thrive

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A leap of faith

After a decade gaining experience and honing his skills alongside Day Lewis and Avicenna, Mithun Markwana took the leap and became the owner of his own community pharmacy, Bridge Road Pharmacy in Farnborough. When he learned that a nearby contractor was approaching retirement, Mithun decided to ‘do it for himself’ and looked for powerful pharmacy finance to help him spread his wings.

 

Why Woodsford RxBridge?

A personal reference held weight for Mithun and a recommendation from Christie Finance, his pharmacy vendor, led him to contact the Woodsford RxBridge team in search of working capital finance.  A facility from Woodsford RxBridge improved his cash position and allowed him to develop the services he needed to offer for the business to thrive.

“The first few months were challenging. Limited cashflow made it difficult to continue to offer some services for free. But as a new owner, I felt it was important to do it to keep the customers happy.
It’s important to act rather than wait for things to happen.’

To find out more about how Woodsford RxBridge supported this high growth pharmacy, download the full case study:

Client: Strachan’s Chemist

Woodsford RxBridge gives Strachan's Chemist the freedom to grow

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Who is the client?

Having built a group of four pharmacies in Lancashire from scratch and with extensive experience of the challenges facing community pharmacy at both local and national level, through his Chairmanship of the National Pharmacy Association, Ian Strachan of Strachan’s Chemist approached Woodsford RxBridge for rapid working capital finance to support and accelerate growth.

Ian built his pharmacy group based on traditional values, but recognises the need for constant business development to remain competitive and support growth in the long term.

 

Why is Woodsford RxBridge?

“The Woodsford RxBridge working capital finance facility is a way of unlocking unused resource in your business. These are uncertain, challenging times and this facility is a prudent way to access resource and use it to develop your business. Community Pharmacy contractors should be aware of it as an option that could play a part for many businesses.”

To find out more about how Woodsford RxBridge supported this high growth pharmacy, download the full case study:

Client: Sandhams Chemist

Woodsford RxBridge provides Sandhams Chemist with flexible pharmacy finance

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About Sandhams Chemist

Howard Sandham started his career as a community pharmacy contractor in 1982. Now, almost four decades later, he owns two pharmacies. This achievement has not come without its share of challenges however. With a lack of specialist funding in the sector and fewer manufacturers and wholesalers in the market due to business takeovers, it has become difficult to maintain a consistent profit.

 

Why Woodsford RxBridge pharmacy finance?

Woodsford RxBridge provided Howard Sandham with proven prescription factoring finance to help him manage volatility in the marketplace and provide peace of mind.

With no restrictions on use, the Woodsford RxBridge facility delivers the rapid working capital needed to enable Howard to buy enough stock to fill prescriptions and prevent customers looking elsewhere.

To find out more about how Woodsford RxBridge supported Sandhams Chemist, download the full case study:

Sector solution: Woodsford RxBridge Pharmacy Finance

Building a fintech solution for the 21st Century

Seb Miles, Managing Director of Woodsford RxBridge, explains how Woodsford TradeBridge built a unique funding solution for the independent pharmacy sector.

To download the Woodsford RxBridge case study click here

Building a funding platform to support growth in the pharmacy sector – case study

 

The Challenge

In early 2016, the Woodsford TradeBridge leadership team, led by Chairman Olivier Bonavero and CEO Mark Coxhead, identified a clear market opportunity to create a technology-powered funding solution for independent pharmacies and pharmacy groups.

 

More than £20m in funding – and increasing year on year

“ Under Seb’s leadership, and with his significant understanding of how the pharmacy and healthcare sector is funded, the quantum of Woodsford RxBridge funds out has increased to £20m over a staggeringly short period of time.”

Mark Coxhead,  CEO,  Woodsford TradeBridge

 

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Client: Abbey Pharmacy

Woodsford RxBridge provides Abbey Pharmacy with flexible pharmacy finance

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About Abbey Pharmacy

Gavin Gould is the owner of Abbey Pharmacy in Bangor, Northern Ireland, a modern pharmacy built on traditional foundations. Originally set up by his father, this established pharmacy has grown and developed over recent decades providing family care for its local population. A working capital finance facility from Woodsford RxBridge has recently helped bring the pharmacy into the modern era to ensure its continued success for decades to come.

 

Why Woodsford RxBridge pharmacy finance?

Woodsford RxBridge provided Abbey Pharmacy with a working capital finance facility that allowed them to complete the redevelopment of the pharmacy, to purchase a new pill pouch machine and drive new revenue streams.

With no restrictions on use and the highest quantum in the market, Woodsford RxBridge prescription finance delivers rapid working capital to help pharmacies embrace new opportunities.

 

To find out more about how Woodsford RxBridge supported Abbey Pharmacy, download the full case study:

Client: Homecare Pharmacy Services

Woodsford RxBridge provides Homecare Pharmacy Services with flexible pharmacy finance

To download the Homecare Pharmacy Services case study, click here.

About Homecare Pharmacy Services

Pharmacist Jason Baskind understands the importance of getting the vaccination programme out to the public.
His personal experience with the cruelties of the Coronavirus motivated him to open up a pop-up vaccination site.

Having lost his mother to COVID-19 very early in March 2020, Baskind was was keen to start vaccinating the general public as soon as possible. Towards the end of last year, as news started to flood in that vaccines were being approved for use, he seized the opportunity to play an active part.

“I can say with absolute confidence that for every person we’ve vaccinated it’s been a wonderful feeling.”

 

Why Woodsford RxBridge pharmacy finance?

Woodsford RxBridge provided Homecare Pharmacy Services with a working capital finance facility which enabled them to create the pop-up COVID-19 vaccination centre, allowing 1500 people per day to be vaccinated.

Woodsford RxBridge provides a flexible and fast working capital solution that allows you to draw down funds only when you choose to.

For pharmacists that wish to be able to respond quickly to their market, supplementing NHS funding with cash or a working capital facility, will give you the freedom to evolve, to grow, and to help your local community.

To find out more about how Woodsford RxBridge supported Homecare Pharmacy Services, download the full case study: