The McGinty’s Group, the Aberdeen-based hospitality business, has secured a six-figure CBILS funding package from Royal Bank of Scotland which will be used to help the business emerge from the coronavirus pandemic which has seen all its sites fully closed and staff placed on the Government’s furlough scheme.
The Group, which employs more than 270 staff, was formed in 2009 and has expanded to become one of the north-east’s leading independent hospitality operators, most recently embarking on a new venture in the city’s iconic Esslemont and Macintosh department store building. It has a further eight sites including McGinty’s Meal an’ Ale and The Silver Darling, No.10 Bar & Restaurant and the Ferryhill House Hotel.
Martin Ramsay, relationship director at Royal Bank of Scotland, said, “The McGinty’s Group has been with us since it was founded, and it’s been great to support the company’s growth over the past decade. The CBILS loan has been vital in keeping its operations afloat, and I look forward to supporting the business with a strong recovery in the coming months.”
Allan Henderson, Director at The McGinty’s Group said, “Our income has been completely wiped out during this pandemic, but it’s vital to keep the cogs turning to ensure the economy, our staff and suppliers can be sheltered from its impact.
“We’ve banked with Royal Bank of Scotland for over a decade and it’s always been a great partnership, but I was impressed with how quickly they were able to turn the CBILS loan around. Martin’s in-depth knowledge of our operations was vital in ensuring the loan was secured swiftly, allowing us to protect jobs for our team, who are the cornerstone of our business. Working together, we can ensure that our business fights this battle to come back even mightier.”
Company directors have also boosted funds with cash injections to ensure the Group is primed for a strong recovery post COVID-19.