A non-emergency ambulance service provider faced financial constraints as it outgrew the capacity of its existing lender during a period of rapid expansion. To sustain its growth, the company required additional financial headroom and flexibility to secure new contracts, acquire vehicles, and scale its workforce. 

By refinancing its existing invoice finance facility and introducing a revolving credit facility, a comprehensive financial solution was implemented. This enabled the company to meet its operational demands, capitalise on new opportunities, and position itself for continued growth in a competitive industry.

The client, operating within the non-emergency ambulance service industry, faced a significant challenge as it outpaced the financial capabilities provided by its existing lender. This rapid growth phase necessitated a more robust financial structure to support its expansion ambitions. The core issue revolved around the need for increased financial headroom and capital to not only sustain but also accelerate the company's growth trajectory. Specifically, the company aimed to secure additional financial flexibility that would enable it to take on new contracts effectively. 

This requirement extended to obtaining a drawdown facility that was critical for funding the acquisition of new vehicles and supporting an increase in headcount. These steps were deemed essential for the company to maintain its competitive edge and fulfill its operational and strategic objectives efficiently.

To address these challenges, a strategic financial solution was implemented. The pivotal move involved swiftly refinancing the existing invoice finance facility, which was instrumental in securing the necessary extended financial headroom for the company. This refinancing was not just about enhancing the company's borrowing capacity; it was a strategic step towards ensuring the company's growth could continue unimpeded. In parallel, a revolving credit facility was introduced to complement the invoice finance. This additional financial resource played a crucial role in providing the company with a more robust and flexible financial foundation. 

The revolving credit facility, alongside the enhanced invoice finance, offered the company a comprehensive financial solution that supported its expansion initiatives. This dual-faceted financial strategy effectively empowered the company to embark on new contracts, invest in essential assets such as vehicles, and manage an expanding workforce, thereby positioning it for substantial growth in the competitive non-emergency ambulance service industry.