Facebook - Birmingham Business Twitter - Birmingham Business Instagram - Birmingham Business
https://www.martinkaye.co.uk

Windows manufacturer secures loan support

A Midlands manufacturer of windows and doors, Central RPL, has secured a six-figure loan from HSBC UK through the Coronavirus Business Interruption Loan Scheme (CBILS) to provide additional financial security to the business during the Covid-19 pandemic.

Based in West Bromwich, the business specialises in the manufacture and fabrication of PVCu windows and doors for commercial and domestic customers across the UK.

Having closed its manufacturing facility in late March, the funding from HSBC UK will help Central RPL to maintain supplier payments and cover base overheads as the business prepares for lockdown restrictions easing.  

Gary Morton, CEO of Central RPL, said: “Ahead of the lockdown, we were really trying to plan for all eventualities and the team at HSBC UK, particularly our relationship manager Christina Floyd, were fantastic in providing that additional level of support.

“The funding has given us that increased level of security and flexibility to be able to now begin reopening the factory. For the moment we’ve halted further planned capital investments, but we know we’re in the best possible position to resume business as usual and to plan for the future.”

Mark Lupton, HSBC UK area director for Greater Birmingham, said: “HSBC UK is committed to supporting its customers during this period of uncertainty, and we were delighted to be able to support the team at Central RPL with the CBILS facility to provide reassurance to the business and limit the short-term impact.”

HSBC UK is working closely with the Government and UK Finance to identify emerging issues and make sure customers and businesses have the advice and support they need. For tips and advice for businesses around planning for any possible disruption, visit www.business.hsbc.com/novel-coronavirus.

Funding brings support for SMEs

Unity Trust Bank initiative will help businesses struggling during pandemic

15th May 2020

Manufacturer increases PPE supply

HSBC UK support helps firm bring in more imports

9th July 2020

Sales boost delivers fitting birthday present

Double glazing specialist celebrates in style

2nd May 2019

Entrepreneur takes full control

Former business partners sign on dotted line

3rd August 2020

Flexible financing

Backing SMEs during the most challenging times

26th June 2020

Barclays names new head of corporate banking

Expert will lead the Midlands team

4th August 2020

Help where it's needed

Support measures in place for impacted customers

30th June 2020

Multi-million pound finance secured

Aston University backed by HSBC UK

24th September 2019

Chamber calls for clarity on life after lockdown

Firms need information to help with future plans

29th April 2020

Andy McGill

Restructuring partner at Smith and Williamson

31st July 2020

Companies get share of multi-million pound boost

SME manufacturers urged to take up post pandemic funding

2nd July 2020

Hotel plays a crucial role during lockdown

More than 3,000 key workers welcomed in three months

27th July 2020

Top of the agenda

Access to finance is key issue to resolve

3rd July 2020

Apprentices keep jobs throughout pandemic

Training specialist helps ensure 30 trainees retain positions

23rd June 2020

RBS reaffirms support for next generation

Summer internship will look very different this year

18th June 2020