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.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn

More articles like this

Time Finance appoints Ed Rimmer as permanent Group CEO

Time Finance plc (LON:TIME), the AIM listed independent specialist finance provider, has announced that Ed Rimmer has been confirmed as permanent Group CEO with effect from 1 June 2021. Having previously been COO of the Company, Mr Rimmer

Optimism reigns as recovery starts in earnest

In what has been a chaotic 12 months, the financial pressures to stay open for business overwhelmed small business owners. Yet, what should have mounted and defeated many, in turn acted as a catalyst for strength and resilience.

Optimism and Asset Finance go hand in hand

It’s beginning to feel more normal” seems to be a common statement being voiced by many as we move at speed towards the second part of 2021.  The vaccine success story has played its part and injected a

Time to tackle the mental health crisis in business

To mark the end of Mental Health Week, we want to highlight the importance of tackling the mental health crisis in the business community and how we can all play our part to remove the stigmas and create

2 in 3 business are feeling optimistic

Two thirds of businesses are feeling optimistic about the future according to the latest survey by alternative finance provider, Time Finance. The findings come as the Bank of England upgrades its growth forecast to 7.25% for 2021 from