Barnsley-based manufacturer, New Design Windows, has secured a six-figure Coronavirus Business Interruption Loan Scheme (CBILS) loan from NatWest, to help fulfil a £5m order book.
After closing due to coronavirus in March, the finance package will support cash flow for the next 12 months and has allowed the manufacture and installation of windows for new build properties to recommence, safeguarding the employment of its seven staff.
As well as a £5 million order book, the company has £16m on of pending sales and plans are underway to continue to grow the existing client base, supplying customers within a two-hour drive of Barnsley.
New Design Windows was established in June 2019 by Lynne Darwin who has 25 years’ experience in the windows industry.
Lynne Darwin, managing director at New Design Windows, said: “We started the business last year when the team left a competitor to establish a business that focused on the customer and created an inclusive office culture. The winter months are typically quieter in our industry but when the construction sector shut down in March due to Covid-19, we knew at that point that we would need some financial support.
“Paul, our NatWest Relationship Manager really understands the sector and the support from him, and NatWest, has been paramount in ensuring that we have survived as a business. We have ambitious growth plans and as we return to full capacity, we hope that the coming years will be a huge success story for us.”
NatWest senior relationship manager Paul McCarron supported the business and through Barnsley Council’s Enterprising Barnsley team, the firm has also received advice from Specialist Consultant and Chartered Accountant Jo Flanagan, who created New Design Windows’ business plan.
Paul McCarron, NatWest senior relationship manager, said: “Although only operating for a relatively short amount of time, New Design Windows has already built a reputation for delivering on price and on time.
“We wanted to support Lynne and the team to ensure jobs were protected and growth plans were not derailed and since providing the funding, the business has already secured more contracts and is on track to meet its growth plans.”