Friday, October 23, 2020

Funding supports Leicester manufacturer through COVID-19 pandemic

Sheet metal fabricators, B&P Fabrications, has secured a finance facility from HSBC UK through the Coronavirus Business Interruption Loan Scheme (CBILS).

The funding has enabled the company to continue to operate throughout the pandemic, supporting its cashflow and helping maintain regular payments across its supplier network.

Chris Fenwick, Managing Director at B&P Fabrications, said: “We saw a massive drop in customer orders in March when the lockdown came into effect, but we kept the business open throughout to provide essential products for our customers, including vital export orders to our clients overseas.

“We also supplied beds into the NHS for the Nightingale projects. The support from HSBC UK was crucial in supporting our working capital, ensuring we could continue to supply our customers and pay suppliers during a period of great uncertainty.”

Richard Parker, HSBC UK Relationship Director East Midlands Corporate Banking, added: “We were pleased to be able to support the team at B&P Fabrications as they navigate this period of uncertainty.

“The core business has already started to show strong signs of recovery following the lockdown period, and we look forward to continuing to work with the team as they adapt to changing customer and market demands.”

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