Cleankill said a £450,000 loan from HSBC UK through the Coronavirus Business Interruption Loan Scheme (CBILS) has enabled the business to protect 44 local jobs and adapt its model to focus on domestic pest control due to the COVID-19 pandemic.
The business, based in Croydon, said the six-figure funding from HSBC UK allowed it to increase its marketing activity in the property management market, an area that Cleankill identified would have an urgent need for pest control services when lockdown eased.
Paul Bates, managing director of Cleankill, said the business also recognised that companies would be moving away from expensive national suppliers to regional companies as they looked to be more economic following the crisis.
He 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.”