Ultimate Finance provides £150k invoice facility for skin care brand
Skin care brand Elemental Herbology has secured a a £150,000 invoice finance facility from Ultimate Finance. The brand is also updating its e-commerce site.
Louise Riby, Managing Director at the brand, said: “The invoice facility provided by Ultimate Finance takes away the hassle of having to chase up the invoices, as they do that for us. It also allows us to draw down the money almost immediately. Not having to wait for the invoices to be paid by our customers frees up the cash so that we can manufacture even more products to cater for the increasing demand.”
Baljinder Mali, Regional Director of Ultimate Finance, added: “Elemental Herbology should be extremely proud of what they have achieved in such a short space of time. However, to build a global brand and grow demand so quickly can put quite a strain on cashflow.” She added: “It is a tremendous success story for an English skin care company and we are therefore delighted to support the company by providing a cashflow solution to build on its successful formula.”
“Elemental Herbology is a unique skin care range founded on the origins of the five elements, which balance and harmonise the beauty of nature and the power of herbal medicine.”
Elemental Herbology products are currently available in the UK, Europe, USA, Australia, the Middle East and Asia.