Medical construction firm responds to Covid-19 challenge
Specialist healthcare construction and engineering firm, CFES, is working with the NHS to deliver additional hospital bed capacity in the continued fight against Covid-19.
Read time: 5 mins Added: 30/03/2020
London and Essex based CFES delivers complex building and installation projects to both public sector and private healthcare clients.
Its medical construction team specialises in providing design and build solutions for projects including sterilisation and decontamination units, operating theatres, imaging and radiology and major plant replacement projects in live hospital environments.
As part of the national response to Covid-19, CFES has received a number of substantial orders, which it is moving at pace to fulfil.
Lloyds Bank has provided a package of support to enable the firm to mobilise quickly in response to the heightened demand for its services. The package includes additional invoice discount facilities and increased credit limits to support cash flow.
The company, which employs 18 full-time members of staff, has expanded the number of subcontractors it is using to four times the usual amount and is currently working with 250 supply chain partners. Rob Doubtfire, managing director at CFES, said: “This is a coordinated national effort and we’ve been working flat out, designing and building as we go. We want to be able to support the NHS in any way that we can and we have been doing so across at least two sites but we need to have the right finance in place to make this happen quickly.
“Lloyds Bank says in its marketing material that it will support and be by the side of business, and to be fair, when tested, it absolutely has been. The bank has made quick decisions for us, dealing with requests within hours and working with us at every opportunity.”
Brendon Shanahan, SME relationship director for Lloyds Bank Commercial Banking, said: “It has never been more important to work collaboratively with businesses. We’re supporting customers with the challenges that they’re facing, whether it be financing to support unprecedented demand for their services or help with cash flow while some have had to close their doors.”
All lending is subject to status.
Important legal information
The products and services outlined on this site may be offered by legal entities from across Lloyds Banking Group, including Lloyds Bank plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc and Lloyds Bank Corporate Markets plc are separate legal entities within the Lloyds Banking Group.
Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service. Please note that any data sent via e-mail is not secure and may be read by others.
Lloyds Bank is a trading name of Lloyds Bank plc, Bank of Scotland plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no.2065. Bank of Scotland plc. Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000. Lloyds Bank Corporate Markets plc. Registered office 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 10399850. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278, 169628 and 763256 respectively.
Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.
Lloyds Banking Group includes companies using brands including Lloyds Bank, Halifax and Bank of Scotland and their associated companies. More information on Lloyds Banking Group can be found at www.lloydsbankinggroup.com
While all reasonable care has been taken to ensure that the information provided is correct, no liability is accepted by Lloyds Bank for any loss or damage caused to any person relying on any statement or omission. This is for information only and should not be relied upon as offering advice for any set of circumstances. Specific advice should always be sought in each instance.