The worsening effects of coronavirus have prompted the National Association of Commercial Finance Brokers (NACFB) to close its physical London head office. 

Citing the recent “issuing of government guidance in relation to the coronavirus outbreak”, the NACFB, which includes leasing and asset finance brokers in its ranks, said it had instructed its team of 16 to work from home as its headquarters – located at 33 Eastcheap EC3M 1DT – will be closed “until further notice”.

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The NACFB said: “By adopting a full virtual remote working plan for all staff, the functionality of the Association will continue unimpeded.

“No members of the NACFB’s head office team have shown any of the symptoms of the virus and no staff have tested positive for the Covid-19 flu strain, the decision to work remotely has been taken as an entirely precautionary measure,” the trade body added. 

It added that a scheduled broker forum in Coventry on 18 March has been postponed, but other planned events were going ahead, but “their status will be monitored”.

Graham Toy, the chief executive of the NACFB, said: “The safety and wellbeing of our head office team remains paramount. Given our City of London location and the reliance on mass public transport for many of our team’s commute, we have taken the decision to close our head office whilst the current situation persists.

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“All meetings with the head office team will be rescheduled and we will continue to monitor the latest official guidance before making any further decisions regarding upcoming NACFB events.”

The NACFB represents 1,930 brokers, 24% of which have leasing and asset finance as their primary area of business.