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Bristol invoice finance provides funding for Scottish dairy farm

Optimum Finance has provided a new facility to help the farmer fund the gap between delivery and payment

Bristol invoice finance provides funding for Scottish dairy farm(Image: Mossgiel Organic Farm)

Bristol-based invoice finance provider Optimum Finance has provided a new funding facility for a Scottish organic diary farm.

The new invoice finance facility will help Mossgiel Organic Farm, in Aryshire, expand its range of diary products and manage business cashflow, bridging the gap between delivery and payment.

Owner and farmer Bryce Cunningham founded Mossigel on the principle of creating truly sustainable diary. Alongside its herd of 45 Ayrshire cows, the farm is also a platform for a co-operative that includes five other Scottish organic farms.

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The farmers’ organic milk is sold to a broad range of customers, from single bottle doorstep deliveries through to local businesses and larger retailers. Two years ago, it won the tender to supply the nurseries and primary schools of East Ayrshire with the first zero waste, zero emission deliveries of 100% organic milk anywhere in the 海角视频 to a local authority.

Invoice Finance is a method of cashflow funding that uses receivables as the principal asset against which money can be raised. Optimum Finance pays the farm an agreed percentage of the invoice value as soon as it is submitted, driving access to liquidity at the point of invoice as opposed to needing to wait.

Mr Cunningham said: "How quickly we get paid is usually more to do with the systems our customers use. Those that are more digital, and more compatible with our own, are usually the quickest to pay, whereas those who are still using primarily paper-based systems take longer to pay their bills."

Mossgiel Organic Farm currently produces something in the order of 1.6 million litres of organic milk every year, and has an ambition to be producing 400,000 litres of milk every month in the next 10 years.