NHS supplier Forma-Care lands £750K facility from Ultimate Finance
What's the deal? Ultimate FinanceDealroom has a profile for this one. Try Dealroom → has provided a £750,000 invoice finance facility to Forma-CareDealroom has a profile for this one. Try Dealroom →, a UK supplier of adult incontinence products to the NHSDealroom has a profile for this one. Try Dealroom →. The lending capital eases working capital pressure and supports continued stock purchasing and order fulfilment.
Why now? NHS sales came in lower than anticipated, and Forma-Care's existing lender responded by cutting the pre-payment available to it. That squeeze tightened access to cash and pushed the company to seek a new funding partner.
What's the endgame? Founded in 2019, Forma-Care supplies four product ranges — Premium, Sensitive, Comfort, and Easy — exclusively to the NHS. It now plans to keep that focus while targeting more than £10 million in revenue in the near term.
What could go wrong? The company's debtor book is 100% concentrated on NHS customers, a profile Ultimate Finance said can make funders nervous. It assessed the ledger quality and operational controls before structuring the facility.
The signal: "When a lender tightens availability, it's rarely just a funding issue — it becomes an operational issue," said Sarah Harrison, regional director at Ultimate Finance. The deal shows how alternative lenders can back suppliers with concentrated but reliable public-sector receivables when mainstream funders pull back.
Read more: finance-connect.com
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