A Winchester-headquartered international procurement consultancy specialising in the FMCG and healthcare sectors has secured a significant investment from the alternative finance provider Growth Lending.
Oxbridge Associates sources and sells branded items such as toiletries, cosmetics and dental hygiene products.
Operating in both the UK and the Netherlands, it works with organisations around the world to reduce costs, improve internal processes and develop their own procurement teams.
The company obtained an initial working capital facility from Growth Lending in February this year but has now secured further investment for its Dutch subsidiary, Oxbridge Associates B.V.
This will be used to support the firm’s international expansion, enabling it to establish a presence in more European countries. It will also allow the business to pay suppliers up front.
Ben Funnell, managing director at Oxbridge Associates, said: “It has been a pleasure to work with Growth Lending on both of these deals, as Tom and the team have been able to provide us with a tailored solution that meets the differing needs of our businesses, in the UK and overseas.
“The facilities will give us the necessary working capital to grow our business further, enhancing our buying and selling capacity and supporting our expansion plans.”
Tom Stewart, regional director at Growth Lending, added: “Oxbridge is a fast-growing business with a strong management team, which has huge ambitions.
“Since the launch of Oxbridge B.V., sales have grown substantially across the European market and this facility will enable the group to capitalise on its international reach, while smoothing cash flow throughout the supply chain.”