Time Finance Provide £400k Funding to Firm Manufacturing PPE for Frontline NHS Staff
Time Finance have supported a fashion and textile manufacturer with a £400,000 cashflow finance facility as they use the funds to manufacture essential personal protective equipment (PPE) for the NHS.
In a bid to support frontline staff as they battle against the covid-19 health crisis whilst they face a PPE shortage, the team at LS Manufacturing UK Ltd have temporarily switched their operations to focus on helping Britain’s healthcare sector. In a warehouse that normally designs and produces luxury clothing for high-street retailers, the firm has switched its operations to solely manufacturing textiles for the NHS; from non-surgical gowns and protective headwear for frontline staff to cubicle curtains for local NHS trusts.
The well-established West Midlands-based manufacturer has already built a strong reputation for quality, innovation and first-class customer service in the textile and garment manufacturing market, extending their services globally. With operations spanning over 60 years, the creative team have developed expertise in producing a wide range of products, from outerwear to soft furnishings to body armour.
Daljit Mehat, director at LS Manufacturing, commented: “In the face of this global pandemic, we’re proud to have a dedicated team on board who can produce urgently required protective equipment and help safeguard medical professionals. We want to do everything we can to support this national effort and make a real difference. Our funding facility with Time Finance has been fundamental in supporting the ongoing cashflow requirements to produce these garments. As we continue to stay open for business and work through these challenging times, their support and flexibility have ensured we can deliver this project.”
Phil Chesham, Head of Invoice Finance at Time Finance, added: “It’s a pleasure to support LS Manufacturing as they use their skills and expertise to support our national healthcare service through these extremely challenging times. The work they are completing is a fantastic example of how British businesses can pivot in the face of adversity and come together. We look forward to building a long business relationship with the team and continuing to support them past the covid-19 crisis.”