MFX Ltd provides professional support

Mon, 21 Mar 2022

A saving of £11,000 to the Charity

MFX Ltd are delighted to support local charity HBOT IOM with the purchase of their new

Hyperbaric Chamber.

The chamber, which is being manufactured in Germany has to be paid for in Euros in a

number of staged payments prior to delivery later this year.

Through MFX Ltd and their partners, moneycorp, HBOT IOM were able to minimise their

currency exposure and make a significant saving for the charity by hedging their Euros to

match the dates for the staged payments.

May Hooper, MD MFX Ltd commented “We are delighted to support a local charity and help

them achieve savings. Being a local business, our aim is to help all local businesses who

have currency exposure to save money”.

HBOT IOM directors, Debbie Barron and John Houghton said “With currency markets being

so uncertain, we are delighted that MFX Ltd could source a solution for the charity to reduce

our risk and save a large amount, which all goes towards completing the installation of a new

Hyperbaric Chamber which helps not only divers, but also many other local patients suffering

from injuries and chronic medical conditions.

We would recommend any business who has currency exposure to contact the MFX team

on enquiries@mfx.im or 694722 to have a chat”