Glevum ramps up operations post-lockdown
By Sarah Wood | 26th June 2020
Gloucestershire-based window, door and conservatory company Glevum is gearing up to meet pent-up demand for its services, following the return to work on construction sites and homes.
The business has seen a rise in demand from both trade and domestic customers which have been unable to complete projects over the last two months due to lockdown, as reported by Insider Media.
Glevum's income ground to a halt when work was paused on housing developments and home improvements. With the return to work, it has had to meet the cost of increasing capacity after two months of reduced revenues.
To help it make the adjustment, the company has secured a £700,000 loan from Lloyds Bank, as part of the Coronavirus Business Interruption Loan Scheme. This will give Glevum the working capital needed to increase capacity and meet demand.
New-build projects account for 70 per cent of the firm's income and it was in its strongest ever position before lockdown. Now the company is confident that it can get back on track.
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