“COVID-19” outbreak: British automotive specialist and aluminium producer Automet ltd obtains £600,0000 Coronavirus package

The British company Automet Limited based in Manchester, a specialist car engine recycler, has obtained £600,0000 as Coronavirus Business Interruption Loan Scheme (CBILS) facility to support its cash flow during the Covid-19 outbreak.

Automet, on a two-acre site in Trafford Park, is one of the UK’s leading car engine recyclers and aluminium producers for customers in the UK and Europe.

The company has been operating since 2003 and has built strong relationships with clients globally– consistently delivering high quality recycled metals. Around 50% of the sales are generated through international clients.

The COVID-19 outbreak has led the business to see de-growth and had to place some staff on layoff, however, it is well now positioned for the post-COVID-19 marketplace. The facility will enable the business to purchase large volumes of car engines and ensure it is in a prime position to grow once Covid-19 restrictions are lifted.

Paul Humphries, Automet Limited, said: “The service we received from Santander was quick and extremely efficient and I would like to thank Luke for his support in assisting Automet Ltd with the application for the Coronavirus Business Interruption Loan Scheme.”

Luke Rowbotham, Relationship Director, Santander UK, said: “While the impact of Covid-19 has had a detrimental impact on businesses across the UK, this funding package will ensure that Automet is prepared to quickly resume business as restrictions are eased – and we are delighted to support them.”

“Santander UK is hosting a series of free ‘Survive and Revive’ webinars for SMEs on how to bolster their business proposition. Covering a range of topics – from innovating effectively to aligning purpose and culture – our experts delve into some of the ways in which businesses have adjusted, and thrived, since the outbreak of Coronavirus.”