Greensill Wins “Trade Finance Top Ten” at 2019 Euromoney Trade Finance Awards

2nd July, 2019

Greensill, a leading provider of working capital finance globally, was named to the “Trade Finance Top Ten” at the 2019 Euromoney Trade Finance Awards, in recognition for its work in frontline healthcare with the UK government’s Crown Commercial Service.

Greensill’s £1-billion-plus programme with the UK Crown Commercial Service (“CCS”) allows pharmacists who dispense drugs to be paid early, instead of waiting two-plus months to get paid from the UK government. The cutting-edge framework agreement between Greensill and CCS is a technology-led approach to supply chain finance that allowed the UK government to replace their previous, smaller-scale bank solution and provide a template for broader growth across the entire public sector.

“It’s a great honour to have our work with pharmacists across the UK as well as the NHS BSA recognised by Trade Finance,” said Greensill Director of Origination Robert Pooles. “Our work ensures those who dispense essential medications and care are paid promptly, as they deserve to be. We look forward to continuing and growing our relationship with the Crown Commercial Service in other government-funded programs.”

Greensill Director of Origination Rob Pooles (left) with Paul Allison, CCS Deputy Director, Financial Services Group (center); and Matthew Holt, CCS Strategic Category Lead - Financial Services (right).

Upon winning the deal in late March, Greensill and its platform partner Taulia needed to act quickly, as the existing scheme with a global bank needed to be replaced within nine weeks of signing. Greensill’s team successfully transferred more than 1,600 pharmacists to its scheme ahead of the deadline. The framework is unique in that it is “single supplier” with Greensill, the only approved provider for SCF across the entire public sector, without the need for further procurement.

The framework has been so successful that CCS is currently exploring other areas where the UK government can implement SCF for early payment. The scheme could apply anywhere there is a government-approved cashflow.

The Trade Finance Top Ten celebrates standout transactions which reached financial close in 2018 across a range of categories. Winners are selected by the editorial team at Trade Finance, along with an independent panel of industry experts.

Greensill’s work with the CCS was also recognized as one of the “Best Deals” of the year at the 2019 Global Trade Review Leaders in Trade awards.

< Back to News

Visionary, Bold, Disruptive

Each month, Greensill’s team of experts contribute to the latest insights and analysis, setting the agenda and leading the discussion on unlocking capital so you can put it to work.


27th July, 2020

Doctors Go Digital

A new digital partnership has developed solutions that enable the NHS to cover staff shortages more efficiently, provide on-demand pay for doctors working additional locum shifts and can potentially reduce the NHS annual agency bill for temporary staff.


16th June, 2020

Fair Finance in Latin America

Greensill is rapidly scaling up to offer Latin American businesses a much-needed lifeline and fairer access to finance. Learn how a new Greensill partnership aims to unlock $750 billion of working capital across Latin America.


22nd April, 2020

Drive to Survive: Funding the Automotive Future

Covid-19 and regulatory pressure present incredible challenges for the automotive industry, but investments in the future of transportation offer a path forward. Learn how Greensill is helping to fund the automotive future.


6th March, 2020

Spotlight on Suppliers

Greensill founder and CEO Lex Greensill understands the difference a steady stream of reliable working capital can make to a small business. Hear from the businesses and people who rely on Greensill to make finance fairer for all.

Sign up to monthly insights in our Newsletter

Subscribe to the Greensill monthly newsletter to discover the latest in news, views and insights in the world of balance sheet optimisation, working capital and supply chain finance. Join the discussion today.