Shafton based business Romiro Group Limited today announced it has received support from Barclays in order to maintain the ability to trade through the COVID-19 crisis.
Romiro Group Limited was established in 2016 and is headquartered at Sandybridge Lane Business Park, Shafton. The business is the overarching company of several businesses, chaired by Sir Rodney Walker and covering varied sectors across the UK and global markets, with the conduit of technology and sport throughout the Group. Following the COVID-19 outbreak, the work wear company has continued to trade through its strong association with Asda and City Facilities Management, helping to supply PPE and logistics to operations throughout the UK.
Sir Rodney Walker, Chair, Romiro Group Limited, said: “The recent impact of COVID-19 has been challenging for the group and the assistance from Barclays in supplying financial support has been more than significant. It has not only allowed the company to work through these challenging and unique times, but has also given the Group the cash and time to begin to plan for a very different world in the aftermath of the current economic downturn. Whilst we had seen a downturn in the Group’s sporting companies, it is now clear with the diversification into producing PPE that we have the ability to be agile in producing equipment and clothing to supply changes in demand.”
Mike Hegarty, chief executive officer said: “This funding provides the flexibility for us embark on a new business model and adjust our business plan to reflect the changes we will see post COVID-19.”
Keith Waddington, Barclays Relationship Manager put together the funding package for the deal and said: “I have known and worked with Sir Rodney for over ten years now, so it was a pleasure to be able to support the Group. The new funds will enable the business to invest in more stock to fulfil the many new orders they have and continue to cover their fixed costs through these challenging times.”