Success Stories

With COVID-19 putting housebuilding on hold, Birmingham’s Edward Thomas Interiors couldn’t design and install its showhomes as normal. Forced to furlough 16 of its staff, the company applied for funds via the Coronavirus Business Interruption Loan Scheme (CBILS) to ensure its survival.

Seeking funding to complete a new scheme of bungalows while COVID-19 restrictions remained in place became a real challenge for this property developer.

Despite having to furlough workers and take vehicles off road due to COVID-19, this warehousing and distribution company remained financially stable.

While many businesses have focused their efforts on staying afloat during the coronavirus pandemic, this Essex-based company chose to diversify its business to manufacture much-needed medical ventilators rather than its usual motorsport components.

For this Welsh bespoke boat builder, COVID-19 couldn’t have come at a worse time. Having already suffered a major fire in its workshop, the business now had to contend with the cashflow challenges resulting from the coronavirus pandemic. Needing funds to restart production and avoid redundancies, the business applied for a loan via the Coronavirus Business Interruption Loan Scheme (CBILS).

As it has with many businesses across the UK, the ongoing coronavirus crisis caused this beauty products manufacturer to look closely at its operating model in order to remain in business long term.

Although tyre retailers Kerr’s Tyres continued to service hauliers and delivery companies throughout the disruption caused by COVID-19, it lacked the wUlster Bank (Northern Ireland)orking capital to sustain itself for any real length of time.

After a change of ownership, TVR has been looking to get back on track with the production of its new sports car. The COVID-19 pandemic, however, has caused the company delays and some financial challenges. With a new loan via the Coronavirus Business Interruption Loan Scheme (CBILS), the future now looks a lot brighter for this manufacturer.

Having bought this West Yorkshire fish and chip shop in the middle of the COVID-19 pandemic, owner Ryan Butterworth faced the immediate challenge of staying afloat despite a significant reduction in trade.

Facing difficulties with raising finance, and caution from investors, this property developer decided to seek support via the Coronavirus Business Interruption Loan Scheme (CBILS) to continue with its house-building projects and protect the jobs of its employees.

As the impact of the COVID-19 outbreak began to grow, this market research company quickly realised its clients were beginning to become more cautious about going ahead with their projects. With these decisions affecting the company’s revenue significantly, it had to seek financial support.

Early government restrictions around the operation of construction sites and the pause on house moves created severe cashflow issues for this speculative property developer.

Before the coronavirus outbreak, this property developer had agreements with lenders for funding to invest in some new planned developments.

For this commercial vehicle company, COVID-19 outbreak had a severe impact on cashflow, with revenue dropping suddenly by 90% and most staff having to go on furlough.

With the coronavirus pandemic harming this contracting firm’s revenue significantly, the business needed access to more cash that would enable it to operate during such an uncertain time. As a result, the company turned to the Coronavirus Business Interruption Loan Scheme (CBILS) to boost its cashflow.

As they did with many businesses, the government shutdowns in 2020 left this electrical and mechanical contractor with no sites on which to work and nowhere to deploy its 40-plus staff.

Facing serious financial issues as a result of the coronavirus pandemic, digital marketing agency WNW Digital sought support via the Coronavirus Business Interruption Loan Scheme (CBILS) so its plans for growing the business over the coming months and years wouldn’t be scuppered.

With the COVID-19 shutdown causing the customers of this family-run company to fall short with payments or have to cease trading temporarily, the business was forced into rethinking its financial strategy. Deciding to buy new stock that it could sell as essential items throughout the pandemic, the company boosted its working capital with help via the Coronavirus Business Interruption Loan Scheme (CBILS).