Fri, 23 Sep 2011 | BUSINESS NEWS
Cooltherm Installation Services, the Leeds-based service provider for the food processing sector, has implemented a successful turnaround plan that has put it back in a position where it is looking to expand.
The company turned to Barclays Business after suffering considerable trouble during the recession. The small business arm of the bank was able to provide the company with advice on funding opportunities and business strategies to enact the turnaround.
Cooltherm's managing director, Kevin Barratt, said that the whole process had been a very challenging time for all involved, but has seen them emerge with the best possible outcome.
"We put together a turnaround plan and took it to Barclays who supported us through a tough trading period," explained Mr Barratt. "Barclays also introduced us to Krys Szokalo of the Ice Partnership. Krys helped us to review the business and put together a strategic plan to grow the business organically."
He added that the turnaround allowed profits to be restored. Now, he added, they are looking to maintain the level of support from Barclays Business, as they look to grow the business over the next few years. Mr Barratt said they had high hopes of expanding the workforce imminently.
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