LEES, a member of The Corporate Finance Network with offices in Norwich, London and Hampshire has advised a Construction company on fundraising following the Coronavirus outbreak.
The LEES corporate finance team were asked for assistance following the overnight shutdown of building sites across the UK, a consequence of the COVID pandemic. The business, a key supplier to the UK’s leading housebuilders needed advice for the immediate short term.
The project, led by Corporate Finance specialists Graham Lyon and Martin Wilson, 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 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 until building sites reopened once again.