Rotala extends overdraft facility with HSBC UK

Rotala has increased its overdraft facility with HSBC UK by £2.1m. It is part of the group’s work to mitigate the commercial impact of movement restrictions brought on by the coronavirus COVID-19 pandemic.

Says Rotala CEO Simon Dunn: “The funding from HSBC UK has enabled us to even out the peaks and troughs of our cashflow while many of our customers are unable to travel.

“We would like to thank our Relationship Manager at HSBC UK, David Arthur, who demonstrated a clear understanding of our position and who was able to turn around the funding request in a short timeframe.”

Adds HSBC UK Corporate Banking’s Area Director for the West Midlands Suzy Verma: “HSBC UK is committed to supporting its customers during this period of uncertainty. A long-standing customer of ours, Rotala approached us with a clear overview of the business and the challenges it was facing.

“As a result, we were delighted to provide further support to the business during this difficult time.”

Rotala has seen an 85% reduction in passenger numbers since the start of the crisis, although demand for its services has started to increase more recently as restrictions start to be lifted, the group says.