£250k CBIL loan to help Livingston firm survive
An international facility management firm has secured a £250,000 Coronavirus Business Interruption Loan from Bank of Scotland to help continue its operations during the Covid-19 outbreak. Simply Solutions (Europe), which was established nine years ago, provides facility management and workplace maintenance, and trades in 14 European countries. Specialising in the retail and leisure sectors, the company covers a variety of services from managing security systems to reactive helpdesk maintenance.
The firm, which is headquartered in London, runs the operations arm of the business from its site in Livingston and has 30 staff.
However, due to the Covid-19 outbreak, the company has seen around 3,500 work orders a month reduce to fewer than 100. As of last week, around 85 per cent of its staff have been placed on furlough.
Director Kerr Wilson said having cash readily available provides the firm with security, and the loan means it can “look to the future optimistically”.