Fundamentals is the UK’s market leading manufacturer of voltage control solutions. Find out why they came to us to help secure a CBILS loan to enhance its product offering.
Fundamentals is an existing Shaw & Co client. As a result of COVID-19, the company experienced interruption to its sales and a slowing down of payments by some of its customers. In addition, and notwithstanding the increasing impact of COVID-19 on the global economy, Fundamentals needed to continue to invest in its employees and its development to avoid a further negative impact next year.
We engaged with Fundamentals' owners to understand nature of the business interruption and actions they had taken. We condensed management information into a concise and compelling lender presentation pack.
We analysed and modelled cash flow forecasts to determine the right level of funding required. We assessed affordability for the benefit of both Fundamentals and the bank. This model underpinned a detailed funding proposal to support the bank application.
To allow Fundamentals' owners to focus on running the business, we supported and streamlined the application process and led negotiations with the bank relationship manager.
With our support and guidance, Lloyds Bank approved a £2m loan allowing Fundamentals to maintain its strong UK presence with its core product and service offering.
“Shaw & Co did a fantastic job for us and we are very pleased we engaged their great team to help us with our CBILS application. Myles, Daisy and Jim acted professionally but with a personal touch which gave great comfort and confidence. They took the main burden of the project, allowing us to focus on our business safe in the knowledge that their clear expertise would maximise chances of success. All for a very reasonable fee and great value for money.
I would thoroughly recommend Shaw and Co to any business seeking assistance with financing and look forward to working with the team again in the future."
Spinnaker is the world leader in the manufacture of cash protection solutions. When it needed a business loan, Spinnaker's management team approached us to find the best solution.