Following the signing of our audited accounts for FY 2016/17, Cloudfm is pleased to announce that we have had our credit rating lifted to the top ‘A’ rating band on the Creditsafe system.
The new rating attests to a highly successful financial year for Cloudfm, with several major new contracts signed, including top casual dining brand Prezzo and global travel leaders TUI. We’ve followed that up in the first half of FY 2017/18 by renewing major contracts with PizzaExpress and Azzurri, and adding new clients, including the largest KFC franchise group in the UK.
We’ve also invested heavily in the business, building up the skills and experience in our team, hiring in key senior positions, and opening a £1m training facility close to our head office in Colchester, Essex.
Commenting on a breakthrough 18 months for the company, Cloudfm CEO Jeff Dewing said:
“Many companies in the facilities management sector are not looked upon favourably by credit rating agencies. At Cloudfm, we realise that our clients need to have confidence in the long-term stability of the business, as well as our ability to deliver superior value. With that in mind, we’ve worked very hard to build resilience in all aspects of our organisation, and be the most dependable provider in our industry.
“While credit ratings are not in themselves the ultimate mark of progress, the endorsement of a top ‘A’ credit rating at such an early stage of Cloudfm’s growth is testament to the hard work, skill and dedication of our team. We’re looking forward to another year of continued growth in 2018.”