Connect with us

Hi, what are you looking for?

Metaverse CapitalistsMetaverse Capitalists

Business

Durham medical supplier clinches multi-million pound funding boost

Forma-Care (UK) Ltd, a leading supplier of continence care products to the NHS, has secured a significant funding package with the support of Leonard Curtis.

The arrangement marks over £5m of funding raised in recent years, ensuring the Durham-based firm can accelerate its growth strategy, invest in product innovation, and strengthen supply chains amid market pressures.

The partnership between Forma-Care and Leonard Curtis goes back six years, when the business was first established. Its unique ‘single-debtor’ financing model, structured without personal guarantees, required a bespoke solution underpinned by proven ledger performance and clear future potential. Working in close collaboration with funders including Cynergy Business Finance and Abcor Finance, Leonard Curtis secured an initial credit line, with an additional facility to follow.

Wayne Dobson, managing director of Forma-Care, said: “Leonard Curtis has been with us since the very start, and the team’s unwavering support has been instrumental to our success. This funding package will allow us to continue growing, innovating, and meeting the evolving needs of our customers.”

Phil Trueman of Leonard Curtis added: “The package we have helped the business secure puts them on a firm financial footing to continue its development journey.”

Read more:
Durham medical supplier clinches multi-million pound funding boost

    You May Also Like

    Business

    In the UK, the care sector is under incredible strain, it’s good to know there are people working hard to address the issue. One...

    Stocks

    In this edition of StockCharts TV‘s The Final Bar, Dave shows how breadth conditions have evolved so far in August, highlights the renewed strength in the...

    Politics

    Post Content

    Business

    With the increased threat of industrial strike action looming across the UK, we consider whether a force majeure clause can strike the right chord...