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Case Study

The CompanySkipton-based Healthcare House provides information and advice on a wide range of healthcare issues as well as supplying medical consumables and equipment across the UK.

It is the parent company to three other businesses – Deliver Net, which delivers supplies to hospitals, care homes and businesses, Click Healthcare an online advice portal and Clickcare Solutions which is aimed at charities and online shops with a requirement for healthcare products and services.

The ChallengeManaging Director Tim Lockett wanted to adapt to a growing healthcare market by developing the Healthcare House brand further and build brand equality across the businesses.

The SolutionA £100,000 Business Loan from Finance Yorkshire is being invested in content, design and software

programmes to maximise the experience for users.

Tim said: “The money will also help us to put in place the infrastructure and brand we need to deliver an interface that can also be used by professionals as we are looking to develop a diagnostic tool for them, as well. We now have the team in place, and the funding, to take the business where we want to be.”

The Investment RationaleFinance Yorkshire was introduced to Healthcare House by Tom Evans of Barclays Corporate Banking in Bradford and has gone on to invest £100,000 of the company’s £300,000 requirement to build its expanding offering.

Finance Yorkshire Investment Manager Jonathan Craig said: “Barclays had provided additional support to the business and felt Finance Yorkshire was a good fit to help Healthcare House with its growth plans.

“We’re very pleased we were able to help out with the gap funding as Healthcare House are a great example of a forward-thinking and growing Yorkshire business.

Future ExpectationsAdded Tim: “I see a big change in the provision of healthcare, both in the UK and globally, in the next ten to 15 years and I want us to be a prominent supplier in the delivery of healthcare products, services and advice to the most vulnerable in society.

“Excluding the Government and the NHS, the market for healthcare equipment in the UK is half a billion pounds but I can see that doubling in the next decade.

“That forecast, combined with the Government’s desire to see procurement decisions taken out of hands of a public body and increasingly given over to the consumer, suggest a growing market which we hope to gain a considerable share of.”

Healthcare House

Skipton-based Healthcare House provides information and advice on a wide range of healthcare issues as well as supplying medical consumables and equipment across the UK.

BusinessLoans

Pictured: Finance Yorkshire Investment Manager Jonathan Craig (left) and Healthcare House Managing Director Tim Lockett.

The Business Loans team provide loans to complete financial packages for businesses.

The business loans fund will lend £15k to £150k depending on how established the business is. Small and medium sized enterprises in their early stages can qualify for loans up to £50k, established businesses up to £75k and established and profitable businesses up to £150k.

Business loans are available for a wide range of purposes including funding the gaps in working capital, and capital expenditure. To qualify, businesses must be generating revenue and show the business has the potential to grow.

They must also show funding through conventional sources of finance are insufficient or unavailable. Business or personal assets are not typically required to be provided as security but a personal guarantee may be required.

An extensive team has been developed to ensure financial intermediaries and businesses across the region have easy access to an Investment Manager.

The team is split into three areas:

West Yorkshire and the North - Grahame Lunt and Jonathan Craig

East Yorkshire, the Humber, North and North East Lincolnshire - Ian Atkinson

South Yorkshire - Karl Hodson and Ian Howson

Business Loans - £15,000 to £150,000

To find out more aboutFinance Yorkshire’s Business Loans please contact us.

Meet the team...

Other finance available from Finance Yorkshire:

Seedcorn FinanceUp to £780k

Equity Linked Finance£100k - £2m

Ian AtkinsonInvestment ManagerT: 01226 323732M. 07799 647549iana@finance-yorkshire.com

Jonathan CraigInvestment ManagerT: 01226 323733M. 07796 958107jonathanc@finance-yorkshire.com

Tony GoulbournDirectorT: 01226 323736M. 07831 623529tonyg@finance-yorkshire.com

Clive DownwardInvestment DirectorT: 01226 323729M. 07775 898414clived@finance-yorkshire.com

Grahame LuntInvestment ManagerT: 01226 323746M. 07713 997816grahamel@finance-yorkshire.com

Ian HowsonInvestment ManagerT: 01226 323730M. 07876 592960ianh@finance-yorkshire.com

Karl HodsonInvestment ManagerT: 01226 323731M. 07713 997826karlh@finance-yorkshire.com

1 Capitol Court, Capitol Business Park, Dodworth, Barnsley, S75 3TZ

www.finance-yorkshire.comTel. 0845 649 0000 info@finance-yorkshire.com

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Finance Yorkshire Ltd is a company limited by guarantee (Registered No 07075478). Finance Yorkshire Ltd (0845 649 0000) comprises three sub funds, Finance Yorkshire Equity Fund, which is managed by Neon Capital Partners Limited, Finance Yorkshire Small Loans Fund, which is managed by EV Business Loans Limited and Finance Yorkshire Seedcorn Fund, which is managed by Enterprise Ventures Limited. Each of these Fund Managers is authorised and regulated by the Financial Services Authority.