Family owned plumbing merchant secures £1.5M CBILS loan from Ulster Bank
Stevenson & Reid, a family-owned plumbing merchant employing 60 people in Northern Ireland, has secured £1.5million from Ulster Bank through the Coronavirus Business Interruption Loan Scheme (CBILS).
The company, which has branches across Northern Ireland, says that the funding will provide it with essential cashflow and help secure jobs while many of its construction sector clients are not operating.
Founded in 1980, Stevenson & Reid has expanded to become one of the largest independent plumbing merchants in Northern Ireland with branches in Newtownabbey, Belfast, Newry, Bangor, Ballymena, Ballymoney, Omagh, Cookstown and Londonderry.