LEES, a member of The Corporate Finance Network with offices in Norwich, London and Hampshire has advised a Print Hire business on a successful fundraise following the Coronavirus outbreak.
The LEES corporate finance team were asked for assistance following the disruption caused by the COVID pandemic. The business, had unfortunately been severely impacted with revenue significantly lower than in ‘normal’ trading times. This caused immediate cashflow issues.
The project, led by Corporate Finance specialist Chris Bidgood, assisted with cashflow forecasting which was vital to arranging financing facilities for the 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 application was submitted and was successful. The company promptly received £400k which provided vital breathing room for the business during this unprecedented time.
