London pest control company receives £450k to protect jobs following lockdown
A London pest control company has announced that it has received a £450k loan to help project jobs and adapt its business model.
Cleankill, headquartered in Croydon, has received the £450k loan from HSBC UK through the Coronavirus Business Interruption Loan Scheme (CBILS).
The loan has enabled the Croydon company to protect 44 local jobs and to increase its marketing activity in the property management market, an area that the company identified would have an urgent need for pest control services when lockdown eased.
Paul Bates, managing director of Cleankill, said: “The slowing of our work in the commercial sector due to COVID-19 has had a huge impact on our earnings and growth so we anticipate that the next few months will be challenging.
“The funding from HSBC UK puts Cleankill in a position to be able to support staff and upweight our domestic pest control and internal communications during the pandemic.
“It means we can survive throughout these difficult times and can continue to grow in the future.”
David Hamblin, area director for business banking in South London, HSBC UK, commented: “Cleankill is a long-standing, multi award-winning Croydon business and has had great success over the years.
“The company has adapted quickly throughout the pandemic, continuing to help the public while many of us remain at home. The loan ensures the company can navigate the next few months and continue to support both commercial and residential clients.”
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