Finance

Phil Chesham

Optimum Dental to spearhead acquisition using £950k fund

A Manchester-based dental firm will go ahead with acquisition plans after raising a £950,000 invoice finance facility from Positive Cashflow Finance. Optimum Dental Group, a nationwide group of DAMAS accredited dental labs, will be able to acquire the assets and business of 1st Dental Products Ltd, which turned over an excess of £6m in 2012. Funding from Positive will provide the business with the necessary working capital for its existing and future operations throughout the expansion strategy. Simon Ashton, Optimum’s chairman said: “To support our plans, we needed a partner who understood the potential of our business. “Positive took the time to understand that potential and worked with us to find a solution that met both our immediate needs and future plans.   “This gave… #acquisitions #funding #health

Editor’s Column

Oil price collusion rears its head again

Allegations of oil price fixing will rightly enrage small businesses who, as recently as January, were assured by the OFT that competition among fuel providers was working. The European Commission said…

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