Recruitment and training services provider, Enbarr Enterprises, has secured a £300,000 funding package from Royal Bank of Scotland Invoice Finance to support the business through the coronavirus pandemic and drive forward growth plans.
The Flintshire-based company, which specialises in recruitment and upskilling workforces in organisations in the manufacturing, distribution, innovation and space, engineering, and third sector industries, will use the funding to boost cashflow until lockdown restrictions are fully lifted.
Enbarr’s Managing Director, Vicki Roskams, founded the business in 2015 to help clients with their recruitment, training requirements and upskilling their current workforce. The business also works with candidates in the local area looking for new roles. Before the coronavirus pandemic hit, the firm expected to turnover up to £3 million this year.
However, the impact of lockdown meant hiring ambitions for many of Enbarr’s clients were put on hold. And, while the business quickly pivoted into training key sectors like skilled cleaning for COVID-19 to secure workplaces, demand for Enbarr’s core services dropped in lockdown.
The funding from NatWest will allow Enbarr to see through this challenging period while providing enough supporting capital to allow the business to continue its growth plans once lockdown restrictions are lifted. The funding has also been used to upgrade Enbarr’s IT and digital connectivity to make it easier for its customers to access its services online.
The additional capital will also support the recruitment and training firm as it brings its two key members of staff back from furlough.
Vicki said: “The last six months have been challenging to say the least and without this funding and support, I believe the future sustainability and story of our organisation would not have been so positive.”
“The team at NatWest have supported us from the beginning of the pandemic and as a result, we should be in a strong enough position to continue with our growth ambitions after lockdown and once our full team have returned to the office.”
Bathgate Leasing Limited introduced Vicki to Business Development Managers, Maria Fraughan and Steven Phillips.
Steven said: “Recruitment & Training businesses like Enbarr rely on a strong economy and active job market, so when both were impacted by lockdown, it was important that we stepped in and helped as much as possible.
“Considering the company is only five years old, Enbarr has an impressive turnover and that’s testament to Vicki and her team’s drive to grow the business. We’re confident they’ll come out of this stronger and meet the company’s future growth ambitions.”