Engage Medical Group

Providing medical contract staff to the health care industry it’s essential to attract high calibre contractors. One of the ways in which to do this is to pay your contractors promptly.

“Without cashflow we wouldn't be able to grow to the same extent as we have."

For nearly 4 years Engage Medical Group has been enjoying financial stability through our invoice finance facility. 

Providing medical contract staff to the health care industry it’s essential to attract high calibre contractors. One of the ways in which to do this is to pay your contractors promptly.

Invoice finance is just the ‘tonic’ Engage Medical Group needs to secure their cashflow and working capital, without the burden of traditional ‘borrowing’. It allows them to pay their contractors quickly and efficiently, without the burden of late paying clients– notorious in the public sector medical industry - without being in debt to banks or lenders.  Instead, a steady stream of cashflow through invoice finance sees them not only meeting their financial responsibilities but also to relish larger contracts as soon as they arise as they know they have the working capital to support expansion.

As Scott Poulter, Director, explains, “Without invoice finance we wouldn’t be able to trade; whilst our business is thriving our outgoings have tighter timelines than our incoming payments. A loan would not be beneficial for our business as it would evaporate and we’d be back to square one. With invoice finance it is an organic facility that moves in sync with our own invoices, contractor outgoings and general overheads.”

“The facility has allowed us to grow our business in a very natural way, without the constant renegotiation of funding. Calverton’s invoice finance facility is flexible; ideally suited to our industry – large volumes of wages – that go out weekly and/or monthly to our contractors.” 

“Invoice finance enables us to maximise growth opportunities – we certainly don’t miss out due to lack of cashflow.”

“Without cashflow we wouldn’t be able to grow to the same extent as we have; certainly to the volume we have in terms of committing to larger sized contracts with our clients. They’d be no way we could fund weekly and monthly wages to the levels we can with invoice finance behind us.”

“The facility has enabled us to immediately pitch for new business, advertise for new contractors and meet the financial obligations each of these brings. Traditional funding for us would mean jumping through too many hoops and missing the opportunity. Calverton’s facility grows with us; as a result we feel they are invested in us and our business with active support, advice and encouragement.”

“At Engage Medical Group we are very customer focused, viewing our contractors and clients in the same high regard, so the fact that we get the same high level of customer service from Calverton Finance is greatly appreciated. It’s the level of trust that we have for one another, and their knowledge of our industry, which often means that we don’t have to spend valuable time – time we often don’t have – having to explain the reasons behind a desired change or requirement to our facility; they just ‘get it’.”

 

 

"The facility has enabled us to immediately pitch for new business, advertise for new contractors and meet the financial obligations each of these brings."

 |  Engage Medical Group

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