Sheffield industrial door maker borrows six-figure sum to keep trading
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DP Doors and Shutters accessed the Coronavirus Business Interruption Loan Scheme (CBILS) via NatWest and received the money in two weeks.
The company reported a strong month of sales in March, but boss Alan Bolsover was concerned the outbreak could see the firm struggle to fulfil existing orders and supply companies including McCain Foods, Cranswick Food, KP Snacks and Moy Park which are helping to feed the nation during the pandemic.
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Hide AdMr Bolsover said: “A third of our business comes from the food processing sector so it was vital that we remained open to service those customers.
“We had a good month in March meaning our order book was full, but I was mindful that if revenue was to fall off rapidly, the business may well need support to help us fulfil those orders.
“The money we’ve received will ease our cashflow pressures, help us cover our overhead costs and give us some breathing room as we get through this pandemic.”
DP, based on Orgreave Crescent, has been trading for 23 years.
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Hide AdKevin Burrows of NatWest said: “No company could have foreseen the coronavirus outbreak, so it’s vital we can support our customers financially to help them through this challenging time.
“The next few weeks and months will undoubtedly be difficult for DP Doors and Shutters, but this funding should ease some of the pressure on Alan and his team.”