London healthcare construction firm triples turnover following "sudden spike" in demand

A London healthcare construction firm has announced that it has more than tripled its turnover over the course of the past year.

CFES, based in London and Essex, increased its turnover from £11m to £34m for the year ending August 2020.

This came as the result of a “sudden spike” in demand caused by the pandemic, including work on London’s Nightingale hospital.

The specialist healthcare construction and engineering firm, which delivers complex building and installation projects to both public sector and private healthcare clients, worked with the NHS at the start of the pandemic to deliver additional hospital bed capacity.

Rob Doubtfire, managing director, commented: “As a business, we have always looked for ways to develop measures to drive speed and cost savings into NHS projects. How quickly projects like building the Nightingale hospital were completed was previously unheard of and has shown what can be achieved.

“The key for us to collaborative working has been paying our suppliers promptly so we can continue to ask a lot of them, to deliver these projects in a timely fashion.

“Lloyds Bank has continued to provide the support and banking facilities throughout an extremely demanding period to make this possible.

“Lloyds Bank has remained by our side, making quick decisions for us, dealing with requests within time-pressured deadlines, and supporting us at every stage of the journey.”