An Ashton-under-Lyne-based company has navigated the difficult circumstances of the Covid-19 pandemic to receive a financial boost and grow and expand.
Aldermore bank provided a £900,000 invoice finance facility to support the purchase of Bar Code Data Ltd in 2020. Then a CBILS facility was provided during the pandemic and the firm has grown and expanded ever since.
Bar Code Data Ltd is a provider of barcode solutions and its expertise includes barcode scanners, mobile terminals, label printers and labels and ribbons.
The firm was established in 1990 and was bought by Mike Jackson in January 2020.
Aldermore provided an invoice finance facility as part of the funding to support the deal, and a Coronavirus Business Interruption Loan Scheme (CBILS) facility supporting the business’ cash flow during the pandemic.