LEES, a member of The Corporate Finance Network with offices in Norwich, London and Hampshire has advised a print & design company on fundraising following the Coronavirus outbreak.
The LEES corporate finance team were asked for assistance following the print & design company being impacted by a temporary shutdown of operations, coupled with delayed payment by key customers.
The project, led by Corporate Finance specialist Chris Bidgood (pictured), assisted with cashflow forecasting which was vital to arranging financing facilities using Coronavirus Business Interruption Loan Scheme (CBILS). The LEES team supported the client through the application process as well as advising and assisting with other available measures (e.g. CJRS) in order to help steer the company through the current situation.
The funding was successfully obtained which enabled the client to adapt and continue trading through these turbulent times.