Commercial laundry business set to clean up new contracts with funding boost

As demand for UK staycations increase, family-owned Lakes Carpet Cleaning Solutions, are in a strong position to capitalise on the surge in new business opportunities having secured a six-figure funding line from Time Finance. 

Lakes Carpet Cleaning Solutions specialise in carpet and upholstery cleaning to hotels and holiday homes across the Lake District. However, like many businesses, they found themselves knocked off course by COVID-19. With the government lockdown restrictions forcing the hospitality and leisure industry to close its doors to the British public, the demand for their cleaning services reduced significantly. With fewer contracts to fulfil, cashflow became a concern and the need for a flexible funding solution to support them through the crisis was sought.

Time Finance plc (LON:TIME) is an AIM-listed business specialising in the provision or arrangement of funding solutions to UK businesses seeking to access the finance they need to realise their growth plans.

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