Close Brothers Asset Finance has helped secure the future of aluminium recycling specialists, Alwin Limited, by funding the acquisition of key machinery needed to turn the firm around. The five assets, including a truck, forklift and crane, were secured through a Coronavirus Business Interruption Loan Scheme (CBILS) facility.
Based in the West Midlands, Alwin Limited, was founded in 1994 and has recently seen the third generation of the family join with a view to build the company’s future.
Alan Cardy, Dealer Manager for Close Brothers Asset Finance’s Transport division: “With so many businesses adversely affected by COVID-19, we see it as our responsibility to use our expertise to support, and I’m delighted we were able to assist and fund the assets Alwin Limited needed to invest in their business and continue to trade under current and future restrictions.”
David Rowlingson, Managing Director of Alwin Limited, added: “It’s been a very difficult time for our sector and we are really grateful Close Brothers Asset Finance stepped in and funded the assets we needed.
“We are proud to be family-run and employ around 40 people, all of whose futures were secured with this funding.”