Aspen has completed a £1m bridge in four working days for an experienced Hong Kong based buy-to-let investor who risked losing a £100k deposit after facing delays from a major bank. The lender was approached on 3 December with a hard deadline of 8 December as the notice to complete had already been served on […]
Paragon Bank continues to support UK SMEs during coronavirus, providing a £50,000 Bounce Back Loan (BBLS) to Leeds-based concrete supplier, Ready Mix Ltd. Ready Mix approached Paragon for support when the business saw a sharp decrease in demand for concrete due to the coronavirus pandemic. The funding from Paragon increased cashflow, which enabled Ready Mix […]
Specialist business property adviser, Christie & Co, has announced the sale of Swettenham Chemists in Llandudno, North Wales. Swettenham Chemists is a health centre pharmacy which dispenses, on average, over 18,000 items per month. It is housed within a single-storey, brick-built extension of the main Craig Y Don Medical Centre building in the coastal town of Llandudno, which is famed for its […]
Dumfries-based Bibliographic Data Services, the UK’s leading provider of vital metadata to the library, publishing, and home entertainment sectors, has secured £1.1m of funding from Santander UK to support the business with a share buy-back from a legacy minority shareholder. The company, founded in 1995 by the incumbent management team and based in Dumfries, secured […]
RSM has advised the shareholders of Comvergent Holdings Limited on their sale to Solutions 30, a company listed on Euronext stock exchange. Founded in 2005, Chester based Comvergent has developed a range of services dedicated to rolling out and maintaining wireless networks including 5G. Comvergent has been working for over 10 years with major telecom […]
Paragon Bank’s SME lending division supported UK SMEs with nearly £300m of new lending during its last financial year, full year figures released today have revealed. In the year to 30 September 2020, the division lent £288m to SME businesses, local authorities and professional services firms. Overall, SME lending was 29.2% lower than the previous […]
Select Lifestyles Ltd, has been granted a £5m refinance package through ThinCats, the leading alternative finance provider for mid-sized SMEs in the UK. Since opening its first service in 2007, Select Lifestyles now provides supportive services for adults with learning disabilities and complex care needs across 25 sites. The funding will support its ambitious growth […]
Specialist business property adviser, Christie & Co, has announced the sale of Underack Ltd which comprises Westbury Chemist and Baba Chemist in South West London. Combined, the chemists dispense an average of 23,021 items per month, and both are run under management. Westbury Chemist is located on a busy high street in Streatham, and Baba […]
Crystal Specialist Finance (CSF) and lender Together have completed a developer’s purchase and re-development of a £700,000 commercial site in Birmingham in just four weeks. The specialist distributer’s client, an experienced property developer with a large commercial property portfolio, wanted to buy two warehouses and an office on the same site, refurbish the two existing […]
One of the UK’s leading specialist lenders has announced a rebrand following a significant injection of capital investment as the business surpasses the £132m lending mark. SoMo – previously The BridgeCrowd – provides ultra-competitive rates for residential and commercial bridging loans secured over UK property. Rebranding to SoMo, which stands for ‘Social Money Limited’, is the […]
