Hair salon survives burglary with help from NatWest


Hair salon survives burglary with help from NatWest

Funding support from NatWest has helped an award-winning hairdressing salon to survive having its stock and equipment stolen.

NatWest Relationship Manager, Caroline Beeson at The Gallery in Southborough

Late in 2013 The Gallery in Southborough, near Tunbridge Wells in Kent, was burgled,  just as the business was due to expand and take on two new employees.

Lorenzo Colangelo, Director of The Gallery, knew that it was imperative for the business to secure funding, not only to replenish stock in the run up to Christmas and into the New Year but also to continue the business’s expansion plans.

Cash flow

Colangelo had banked with NatWest since 1990, so approached Relationship Manager, Caroline Beeson to secure funding of £20,000. This enabled the business to buy much needed stock as well as have the working cash flow to employ a new senior stylist and a new junior stylist.

Colangelo said: “There is a demand for our services and products and we have to make sure we can meet it. NatWest has enabled us to do that - if we hadn’t received the funding, we wouldn’t have been able to continue trading stock.

Proactive

“Caroline has been our Relationship Manager for the last three years and is incredibly proactive – she has even become a regular customer! The bank has provided me with mortgages, redevelopment loans and overdraft facilities over the last few years which has enabled me to grow the business dramatically. It has quadrupled since I took it on from my father in 1995.”

He hopes to continue the business and expects to expand to another premise within the next five years.

Beeson said: “I am so pleased to have been able to provide the financial support that The Gallery needed during a difficult time. The business is in high demand and it’s important we, and Lorenzo, invest in it to continue its stability.”

Tagged

2014

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