海角视频

Oops.

Our website is temporarily unavailable in your location.

We are working hard to get it back online.

PRIVACY
Professional Services

Bamford Contract Services secures 拢150,000 Covid-19 loan as construction sector activites 'all but cease'

The Rochdale firm said funds will be used to help provide sufficient cashflow to cover overheads that cannot be reduced or deferred

Steve Berry, managing director of Bamford Contract Services

A specialist recruitment firm has secured funding to support the business over the coronavirus outbreak.

Rochdale-based Bamford Contract Services has secured a £150k Coronavirus Business Interruption Loan (CBILS) from NatWest after the businesses construction sector activities all but ceased due to lockdown.

The recruitment firm said it is still operating most of its manufacturing services to support businesses which are critical suppliers - but has had to furlough almost 50% of its own staff.

Steve Berry, managing director of Bamford Contract Services, said: “We very quickly recognised that we needed financial help soon if the business was to survive a sudden and substantial downturn in trade.

"The additional funding would be used to help provide sufficient cashflow to cover those overheads that cannot be reduced or deferred in the short to medium term.

"In addition, it will also provide the immediate cash to pay furloughed staff, and where applicable, furloughed temporary workers, until receipt of the corresponding refunds from HMRC once their portal is up and running."

Established in 1989, Bamford Contract Services provides temporary, contract and permanent staffing solutions to the construction, industrial, engineering, food and commercial industries.