Walton Lodge Laundry, which was founded in 1880, provides linen hire services to London hotels, apartments, health clubs and restaurants from its base on Coldharbour Lane, Brixton. The working capital facility will give Walton Lodge Laundry the financial flexibility to purchase stocks and increase its capacity to service new business.
The Laundry is run by director and former IBM executive, Ian Hopwood, alongside his wife, Lyn, and daughter, Tracey. The business employs 45 people and has a turnover of £1.4 million.
Manus O'Donnell, associate director at Aldermore Invoice Finance in London and the South East, said: "Walton Lodge is a quality business that takes pride in delivering a dependable and bespoke service. It is great to see small businesses like Walton Lodge Laundry taking proactive steps to secure their financial future and realise their growth ambitions. Ian and his team have shown that, despite the sluggish economy, traditional businesses can still flourish if given the proper support."
Ian Hopwood, director at Walton Lodge Laundry, said: "After 130 years of trading, Walton Lodge is still going strong thanks to the loyalty of our staff, customers and suppliers. With the working capital facility in place, we now have the right financial support to address the buoyant demand in London for linen hire services, and continue the long-standing relationships that we enjoy with our customers."
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