Case Study

Fundamentals Limited

£2m business interruption loan for Fundamentals.

We were delighted to help Swindon based Fundamentals Limited to successfully access £2m of funding through the Coronavirus Business Interruption Loan Scheme (CBILS).

Fundamentals is the UK’s market leading manufacturer of voltage control solutions that are used across the UK in electricity sub-stations. It is a full-service international company, providing products, services and consultancy for utility and private network/systems operators. Its global client base includes power generation, transmission, distribution, industrial and private networks.

Fundamentals is an existing Shaw & Co client. As a result of COVID-19, the company experienced interruption to its sales and a slowing down of payments by some of its customers. In addition, and notwithstanding the increasing impact of COVID-19 on the global economy, Fundamentals needed to continue to invest in its employees and its development to avoid a further negative impact next year.

Fundamentals’ owners sought our support to help apply to the Coronavirus Business Interruption Scheme (CBILS) for funding. With our support and guidance, Lloyds Bank approved a £2m loan allowing Fundamentals to maintain its strong UK presence with its core product and service offering.

Building Value

How we helped Fundamentals to access emergency funding...

  • Preparation

    We engaged with Fundamentals' owners to understand nature of the business interruption and actions they had taken. We condensed management information into a concise and compelling lender presentation pack.

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  • Financial Modelling

    We analysed and modelled cash flow forecasts to determine the right level of funding required. We assessed affordability for the benefit of both Fundamentals and the bank. This model underpinned a detailed funding proposal to support the bank application.

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  • Relationship Management

    To allow Fundamentals' owners to focus on running the business, we supported and streamlined the application process and led negotiations with the bank relationship manager.

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Shaw & Co did a fantastic job for us and we are very pleased we engaged their great team to help us with our CBILS application. Myles, Daisy and Jim acted professionally but with a personal touch which gave great comfort and confidence. They took the main burden of the project, allowing us to focus on our business safe in the knowledge that their clear expertise would maximise chances of success. All for a very reasonable fee and great value for money. I would thoroughly recommend Shaw and Co to any business seeking assistance with financing and look forward to working with the team again in the future.
Jonathan Hiscock Managing Director

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