British Aluminium Extrusion and Fabrication firm “EDMO” secures COVID-19 funding package
The British Aluminium extrusion, fabrication and finishing firm EDMO have obtained seven-figure funding package from HSBC via the Coronavirus Business Interruption Loan Scheme (CBILS). Edmo has been a trusted name since 1978.
Edmo based in Herefordshire works with a host of industries which includes aerospace engineering and healthcare.
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The extruded aluminium firm will use £3.6 million injections to maintain supplier payments during the ongoing COVID-19 pandemic.
Andrew Stride, CEO, Edmo, said: "Our goal at Edmo is to offer every one of our customers a complete, specialist solution.”
"As a direct result of the pandemic and its immediate effect on trade in the early months of the crisis, it placed huge demands on cash flow generally, but thanks to the support from our relationship director at HSBC UK, Lisa Soley, we were able to meet crucial supplier payments and continue to build on our reputation as a reliable, trustworthy business."
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