Leicester manufacturer lands CBILS funding

Leicester firm, B&P Fabrications, has secured a finance facility from HSBC UK through the Coronavirus Business Interruption Loan Scheme (CBILS).

The firm is a leader in sheet metal fabrications, producing a range of metal products, from light gauge through to heavy-duty steel products for customers including JCB, Denso and Cummins Generator Technologies, across the UK and Europe.

Chris Fenwick, managing director at B&P Fabrications, said: “We saw a massive drop in customer orders in March when the lockdown came into effect, but we kept the business open throughout to provide essential products for our customers, including vital export orders to our clients overseas. We also supplied beds into the NHS for the Nightingale projects. The support from HSBC UK was crucial in supporting our working capital, ensuring we could continue to supply our customers and pay suppliers during a period of great uncertainty.”

Richard Parker, HSBC UK relationship director East Midlands corporate banking, added: “We were pleased to be able to support the team at B&P Fabrications as they navigate this period of uncertainty. The core business has already started to show strong signs of recovery following the lockdown period, and we look forward to continuing to work with the team as they adapt to changing customer and market demands.”