A Chesterfield retailer of new and used touring caravans has secured a finance facility from HSBC UK to support the business as it navigates the current economic landscape.
Robinsons Caravans, which was established in 1960, has used the funding – secured through the government-backed Coronavirus Business Interruption Loan Scheme (CBILS) – to keep cash flow steady during the lockdown, during which time the business was limited in its ability to trade.
The business has continued to operate at a reduced level since March, with ‘virtual viewings’ increasing due to the lockdown restrictions. Whilst the sites have remained partially open to support its customers, the retail business which sells caravan equipment and accessories has been closed.
Paul Seabridge CEO of Robinsons Caravans, said: “The Coronavirus has had an impact on our business over the last few months. At this time of year it is historically the busiest time of year, and we have not been able to trade at our usual levels.
“We are incredibly grateful to HSBC UK, especially our relationship director, Simon Woods, for making the funding available to us which has really helped us during unprecedented circumstances.
“We are hopeful and are already seeing an uplift in activity as we emerge from these restrictions. International travel remains limited, and as a result, we are seeing new inquiries from potential customers looking to holiday in the UK and having a caravan or motorhome is a great way to do this.”
Liz Fuge, HSBC UK East Midlands Area Director, added: “We’re committed to supporting our customers during this period of uncertainty. It’s important we’re able to tailor our support according to our customers’ needs so we’re delighted we’ve been able to provide a facility to Robinsons Caravans that ensures it can return to business as usual as soon as possible.”