pharmaceutical

Bibby provides £8m facility to pharmaceutical wholesaler




Bibby Financial Services (BFS) has supplied an £8m asset-based funding facility to Veenak International Limited.

The wholesaler of pharmaceutical and healthcare products – which was established over 20 years ago – is at the forefront of pharmaceutical export, import and wholesale activity.

The business’s products can be found across the UK and Europe, including Germany, Italy, Netherlands, Spain and Ireland.


Shan Hassam, group managing director at Veenak International Limited, said that it strongly believed that sourcing the medicines and supplies needed by the healthcare sector should be a streamlined and hassle-free process.

“To achieve this, our business must operate at maximum efficiency and our ability to access cash quickly is an integral part of that.

“The facility from BFS provides us with working capital that we can rely on when we need to. 

“The BFS corporate team demonstrated an in-depth understanding of our business and its needs and built a facility around that. 

“With this new facility in place, we can focus our efforts on working to expand our customer base and growing the business.”

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