Paragon Bank has provided a £500,000 Coronavirus Business Interruption Loan (CBILS) to Norfolk based plant hire firm, Newall Plant Ltd, continuing its support for UK firms impacted by coronavirus. The CBILS loan has allowed Newall to maintain cashflow during the pandemic. The recent loan has now enabled a recovery in July to almost 75% of […]
A company that makes bespoke fitted furniture says that a six-figure funding package from Lloyds Bank means it will return from lockdown ready to capitalise on customers’ growing desire to work and socialise at home. Greater Manchester-based Bluebell Fitted Furniture was founded by directors Mike and Alison Reuben in 1992 and specialises in the design, […]
UK manufacturing exports fell sharply in Q2 2020, according to the Lloyds Bank International Trade Index. The speed of decline was the fastest since data collection began in 1996, driven by the impact of coronavirus on both international supply chains and falling overseas demand for British goods and services. The Index hit a new low […]
Arbuthnot Commercial ABL is pleased to announce the recent completion of a £2m financing for Climatec Windows Limited and Alu-Tec (UK) Limited. The facility will be used to support the group’s day-to-day management team in the acquisition of a material equity stake alongside its existing shareholder directors, Steve Barker and Phil Bates. This has meant […]
Intelligent Environmental Services (iES), a leading North West environmental consultant, has secured a £500k invoice finance facility from Advantedge as it looks to build on its recent merger with Winsulate. Based in Bolton, iES provides expert hazardous material consultancy to a broad range of commercial clients, specialising in asbestos, contaminated land and wider environmental contaminants […]
Arbuthnot Commercial Asset Based Lending (ABL) has supported window and door manufacturer, GJB Group with a £1.2m Coronavirus Business Interruption Loan (CBILS). This is in addition to the £5m all-asset funding transaction that was completed for the Group in November 2019. Arbuthnot Commercial ABL was able to deliver the CBILS loan in just three days […]
The CBILS loan has enabled Hadley Hargreaves to recover from cash flow issues and losses as a result of the pandemic. It has also provided funds to purchase additional machinery, expanding the production capabilities of the business. Paragon has supported the Presteigne-based business since 2016 through invoice and asset finance, which enabled Hadley Hargreaves to […]
First Components Ltd specialise in the design and manufacture of precision milled parts, wire products, metal pressings, laser cutting and metal finishing design. The business has a rich portfolio of expertise and counts customers in the Automotive, Aerospace and Electronics industries, among others. Savigny Oddie Ltd is responsible for two respected industry brands – Oddie […]
A new survey from SteelScout has found that more than 60% of professionals in the manufacturing industry expect the sector to recover from Covid-19 and return to business as usual by mid-2021. However, they highlighted issues in the wider supply chain which might impact the recovery, with almost 30% unable to access the materials they […]
The coronavirus has brought significant changes to the way we work. And this change is expected to continue at least, for the foreseeable future. These changes have not only been felt here in the UK but around the world. As consumers watched a number of manufacturing companies close down one after the other, there was […]
