News Article

Rainham Industrial Services backed by emergency loan

5 June 2020

Chester-based Rainham Industrial Services has been backed by an emergency loan after work grinded to a halt.

The company specialises in the installation, maintenance and decommissioning of large industrial sites including power plants.

March is usually the start of its peak season but due to lockdown, projects did not come to fruition. It expects to see increased demand for its services after the restrictions are lifted.

Facing cash flow issues as a result of reduced income, the business turned to Lloyds Bank for financial support. Its CLBILS money will be invested to increase operational capacity once infrastructure projects begin to restart.

It means the business can complete six months of schemes in less than four months.

Read more at: Insider Media

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