October 2, 2020
Eve Taylor (London) Limited, has secured £225,000 from Barclays via the CBILS (Coronavirus Business Interruption Loan Scheme), the Government-backed loan scheme. The funds will be utilised to support the manufacture of retail skin and body care products on-site and to ensure that they have the working capital to see them through the Covid-19 crisis.
Eve Taylor (London) Limited was originally founded in London in 1963, but now has its entire UK and International operations within a single purpose built site in Peterborough. In 2005 the company decided to develop its own range of professional and retail skin and body care products to further support the needs of the professional therapist across the world to complement its established range of pre-blended aromatherapy oils. Today, the company employs 21 people and exports to over 40 countries across the world.
Eve Taylor is still very much involved with the day to day running of the company, along with her three sons, Chris, Alan and Raymond. In 2008 Eve Taylor was awarded an O.B.E for her contribution to the profession and industry.
Chris Taylor, Business Development Director, Eve Taylor (London) Limited, said: “We are delighted that Barclays have been able to help support us with our recent application for the Government backed CBILS loan. This loan will enable us to both secure and expand our manufacturing capability and enable us to add more staff in the near future as we part of our growth plan.”
Nigel Killock, Barclays Business Manager, Essex & North London, said: “Like many businesses during the peak of the Coronavirus crises, the company needed to adjust their operating model to maintain their products and services. They have a strong management team and we were pleased to be able to support them with a CBIL, which will give them the working capital and flexibility they need.”