£1.8m loan leads to expansion for firm helping to battle pandemic
An Oldham firm is expanding to a bigger factory and installing new machinery following a £1.8m Coronavirus Business Interruption Loan (CBIL) from NatWest.
Family-run manufacturing business Sachets is increasing production of its anti-bacterial and anti-viral products as part of the fight against the coronavirus pandemic.
The business manufactures a wide range of household/janitorial cleaning and cosmetic products which are sold direct to retailers or manufactured as own label brands.
Sachets currently employs more than 40 people and is led by Chris Ball and Martin Marshall. The business was was established in 1987 by Chris’s father, Andrew Ball.
Managing director Chris said: “With the dramatic increase in demand for wipes and other cleaning products due to the outbreak of coronavirus, we found ourselves in a position where we could support frontline workers and the general public by increasing our production capabilities.
“To do this we needed to buy additional machinery and consolidate our production into a new, larger site.
“We were planning to buy one new machine, so we turned to NatWest when we knew a second machine was needed. We expect to be creating more jobs over the coming months and will be looking for staff in a variety of roles.”
Guy Boxall, relationship director at NatWest, said: “We were delighted to support Sachets with their significant expansion programme, so they can increase their production as part of the fight against the coronavirus pandemic.”
TheBusinessDesk.com’s webinar, How to plan your way through to when restrictions are eased, saw partners from Begbies Traynor discuss the key issues facing business owners and managers in the weeks ahead.
