RPG and JMW advise drinks wholesaler LWC on CLBILS loan

Published on September 21, 2020

Chartered accountants RPG and law firm JMW Solicitors have advised Manchester based LWC Drinks, on securing a multi-million Coronavirus Large Business Interruption Loan Scheme (CLBILS) facility from Natwest, enabling the business to resume its pre-Covid growth strategy as it recovers from the effects of lockdown.

LWC is the UK’s largest independent drinks wholesaler of beers, wines, spirits and soft drinks. A 40-year old business with its original founders still at the helm, it now operates 14 depots across the country, with more than 13,500 on-trade customers.

It supplies a wide range of businesses within the food and beverage and leisure space, including pubs and bars, hotels, restaurants, events and stadiums and purchasing groups, which have all been badly affected by the government’s lockdown measures.

RPG’s Group Director Chris Poston advised LWC in respect of the financial issues relating to the transaction and JMW Partner Scott Cameron and Associate Michael Atherton advised the wholesaler on the legal aspects of the transaction, along with Real Estate Partner Majid Mahmood.

LWC Managing Director, Ebrahim Mukadam, said: “There are many successful businesses like ours which have been unavoidably impacted by the pandemic and the subsequent lockdown. It’s very positive to have secured the CLBILS loan, which will enable us to right the ship. We have an ambitious growth strategy in place and we look forward to pushing ahead, continuing to support our existing clients while continuing to grow our customer base across the UK.”

Chris Poston, Group Director at RPG said: “We are very pleased to have been able to support our client in securing this very significant facility. We look forward to working with the team at LWC through the next stage of their businesses development.”

Scott Cameron, Partner and Head of Banking at JMW Solicitors, said: “We’re delighted to have supported LWC in securing a CLBILS facility as it normalises operations following a challenging period. It’s an excellent business with a strong track record and an extensive customer base, standing it in good stead as it implements its return-to-business and growth plans.”

The Coronavirus Large Business Interruption Loan Scheme (CLBILS) provides financial support to businesses across the UK that have seen their cash flow disrupted as a result of Covid-19.

We have received an excellent service from the team at RPG for well over 20 years. We particularly appreciate RPG's real interest in our company and suggestions for improvements. The service RPG provides goes well beyond what we could expect.  The attention to detail and the prompt, professional service the team provides means that we are reassured that should we require urgent or unusual advice, the team will provide it. We would have no hesitation in recommending RPG.

Margaret Peasegood

Executive Chairman - SheffProp

I would like to thank RPG for your unbelievable help, assistance and friendship for over 40 years. Nothing has ever been too much trouble. Words alone are insufficient, and I think that the same would apply to my former colleagues and my family who have also come to rely on your advice and guidance.

Neville Johnson

Founder - Neville Johnson Offices

We have worked with RPG for many years, for good reason. They are not only extremely knowledge but they really take the time to get to know you as customers and also as people. This really makes a difference, as whilst it is of course important that you receive great service, which we do, it’s also essential to work with professionals who you can really trust and who go out of their way to know your business as well as you do, giving ultimate comfort that you are all striving towards the same goals. I cannot recommend them highly enough.

Jennie Johnson MBE

Kids Allowed

“RPG have always been our first point of call for advice on accounting, tax and financial regulatory matters and indeed have become an additional sounding board for both myself and my colleagues on strategic matters. The consistently high quality and timely advice they provide is very important to us.”

Gareth Rowe

Chief Financial Officer - ProofID

“As a family business we have been using Royce Peeling Green as our accountants for over 25 years. We have always been impressed with their expertise and depth of knowledge in all financial areas required to help run our business. There is an obvious understanding and trust between the two companies which leads to proactive approach to guide us with short and long-term financial planning. We have found everyone at Royce Peeling Green to be very approachable providing us with the reassurance that they will always provide a professional response in a timely manner.”

David Harrabin

Managing Director - Manchester Slate Ltd

RPG have now acted for our various companies for over 15 years. Their advice and commercial attitude in dealing with Tax, Audit and general businesses matters has always been of high quality and queries dealt with promptly. The team at RPG are experts in their field, they understand the SME market place well. They have been involved in all our corporate transactions, from setting up of businesses, ongoing support of our management teams through to being part of the team that negotiated the successful sale of a group company.

Jonathan Hamburger

Genesis Group International

We have received a first rate service from RPG over many years. We appreciate their attention to detail and the timely, professional and pro-active advice they provide. We would have no hesitation in recommending the team at RPG.

Stephen Rector

Managing Director – Ribble Packaging Limited