Tilly Confectionery
Problem:
Tilly Confectionery is a well established business operating at a high level within their sector. Unfortunately their bank did not appreciate this and were reluctant to continue the support required to help the business grow. In addition, they did not have a point of contact to discuss their business issues with and this was starting to cause real problems.
Resolution: Lochroe worked with the business to find out what the real banking issues were. There was an element of financial restructuring required and Lochroe discussed the various options with a number of banks. In total five offers were received and the client chose two of them to meet with, before going forward with the most suitable.
Benefits: The company now works with a bank, and a bank manager, that they feel adds value to their business. In addtion, Lochroe saved Tily Confectionery over £2000 in their first year with this new bank.