Tag: ECO

Over 250 care homes receive vital PPE thanks to rapid response specialists

AN EMERGENCY rapid response specialist has supplied vital PPE to over 250 care homes across the UK within 24 hours of receiving a request for the ‘lifesaving’ equipment.

Voyage Care, which has 259 learning disability care homes throughout the UK, put out a call for additional suppliers of PPE.

ECO, which has set up a full COVID-19 emergency rapid response solutions operation, responded by supplying 70,000 surgical masks within 24 hours.

Lyndsay Beal, an operations manager at Voyage Care, said: “As the country struggles to source enough PPE, we wanted to expand our approved suppliers and to add to our stocks quickly. 

“ECO had it transported to me within 24 hours. It’s good quality equipment, at a good price – they haven’t increased prices during this difficult time. It’s exactly what we needed and I’m pleased to be working with ECO. This equipment is a lifesaver.

“We have over 10,000 staff all over the UK, and keeping our staff and the people we support safe is our number one priority.

“We are following all the government guidelines. So being able to ensure we have a sustainable supply of PPE is really important for us, our staff and the people we support.

“We are also working with our procurement team to look at sourcing our hand sanitiser from ECO as well, which will also help us.

“I must praise our staff at Voyage Care as well. They have been fantastic through this and teams have all come together to support each other like one big family.”

The team at ECO, with bases in Cumbria and Scotland, are experts in rapid response solutions and pride themselves on ‘getting stuff done’.

ECO has set up a full COVID-19 rapid response solutions operation with a range of anti-virus sanitiser, PPE including masks and visors, testing kits, testing pods, medical beds, and emergency buildings.

It has already answered the call to help a factory, which has a government order for manufacturing vital material for visors for the NHS, to continue production 24/7 by supplying anti-virus sanitiser and an on-call emergency sanitising team.

Eddie Black, managing director of ECO, said: “When we heard thousands of care home staff and residents across the UK were struggling to source PPE we wanted to help.

“We have a secure supply of PPE, including surgical masks. We also have anti-virus sanitiser, and testing kits and testing pods, so we were happy to supply them what they needed.

“Care home staff all over the country – just like the NHS and other emergency workers – are doing an incredible job.

“If anyone needs our expertise, we will get our teams onto it immediately to achieve what needs to be done.”

Any organisation or business which would benefit from ECO’s help is asked to contact 01461 500 206 or email response@teameco.co.uk or visit www.teameco.co.uk for more information.

Rock Star … or Rock Bottom?

“We have to take a win-at-all-costs attitude to ensure British businesses survive. This is no time for unworkable criteria and red tape – the Government needs to realise this now before it’s too late.”

CHANCELLOR Rishi Sunak was hailed a ‘rock star’ when he announced a range of measures to support British businesses facing a financial crisis due to the coronavirus outbreak.

But one entrepreneur says unless the Chancellor cuts the red tape and changes the criteria preventing firms from accessing vital funding – bosses will soon brand him ‘rock bottom’.

“The Chancellor has made it clear that his intention is to support the British economy and protect British business. The only way to do that in the current COVID-19 situation is to make sure the money is ready and easy to access,” said entrepreneur Eddie Black.

“The headlines about the Government’s announcement about helping businesses via the Coronavirus Business Interruption Loan Scheme (CBILS) are fantastic and the Chancellor looks like a rock star. The reality is very different to the headlines.”

Eddie (above), managing director of ECO, says that having read the terms of the loan, and having had in-depth conversations with a range of lenders on the panel, there’s some serious failings in the arrangements which could send businesses to the wall.

The loans are:

  • facilitated via the Enterprise Finance Guarantee (EFG) scheme and only protects the banks up to 80 per cent
  • subject to the usual credit and due diligence (this is estimated to be a four to six-week process)
  • subject to the ability to service the loan – businesses need to provide evidence of future forecasts and business performance predictions

Eddie says this has knock-on effects for the banks: “Originally the banks were going to get 100 per cent guarantees and now it’s only 80 per cent. 

“If there are defaults it will be down to the banks to pursue the debtor and take assets.

“The EFG Scheme might not be a favoured route for them because it means the British Business Bank can say that any inability to pay was down to the lender’s poor due diligence.”

In terms of eligibility criteria for the British Business Bank scheme, an SME must:

  • be UK-based in its business activity, with annual turnover of no more than £45m
  • have a borrowing proposal which, were it not for the current pandemic, would be considered viable by the lender, and for which the lender believes the provision of finance will enable the business to trade out of any short-to-medium term difficulty.

It’s this reliance on future forecasts and business performance projections which Eddie says is such a contradiction.

He went on:  “The British Business Bank criteria states that a company needs to be viable now. Businesses have had all future, or current, opportunities or contracts suspended, and/or, in worst case scenarios, cancelled, without knowing what comes next. 

“Businesses don’t know if that opportunity or contract will be there in the future. Will the client even exist?

“The serviceability and criteria elements are a complete contradiction in terms. No-one knows what the future holds. In many ways, it’s the survival of the fittest.

“There is a risk that businesses will default – that is why it has been described as a war chest.

“The best of British businesses will topple like dominoes if the Government don’t protect the banks. The banks should not be held accountable for lending money that they would not have been asked to lend if it were not for COVID-19.

“If the Chancellor really wants to back British business he needs to back the banks and put the liability on them to ensure that it gets this help into the economy.

“This is a sink or swim scenario and millions of jobs – and the livelihoods of families – are on the line.

“There may be a concern from the Government that businesses will flaunt the rules if these serviceability factors and criteria are not in place, and that might be holding them back on ensuring that this help is available immediately and is easily accessible.

“But businesses which flaunt the rules can be pursued at a later date. Most businesses are not geared up for failure and are in it for the long haul.

“The help is needed now. The money has been pledged and, even if there is a risk of some of it going down the drain, it is better than not getting it into the economy at all.

“We have to take a win-at-all-costs attitude to ensure British businesses survive. This is no time for unworkable criteria and red tape – the Government needs to realise this now before it’s too late.”

ECO has bases at Annan and Creca in Dumfries and Galloway, and in the North-West of England and works all over the UK. It employs 55 people which is due to increase to 80 when it opens its new HQ in the summer.