Specialist asset-based lender, BREAL Zeta CF has structured and delivered a flexible funding facility to support the successful Management Buy Out of Serocor, the award-winning resource management and contract recruitment group. The transaction enables the new management team, comprising David Wilson, Leon Howgill and Shaun Pope, to take control of the group and set a […]
Over the last month Fiduciam, the institutionally funded short-term lender to SMEs and entrepreneurs, has completed over £22m of loans to housebuilders under the Coronavirus Business Interruption Loan Scheme (CBILS). Fiduciam lends throughout the United Kingdom and has already granted CBILS loans to housebuilders from rural Devon to Halifax to Belfast. London and the South […]
Newable Ventures and Bristol Private Equity Club (BPEC) have secured £10m in new funding from British Business Investments, a commercial subsidiary of the British Business Bank, to fund early stage businesses across the UK. The £10m commitment from British Business Investments’ Regional Angels Programme will be invested by Newable Ventures, in partnership with BPEC, to […]
Pepper Money has completed a purchase mortgage for first-time buyers with missed credit payments in just 16 days from the initial application. The customers, who were borrowing at 70% LTV to buy a house, had no CCJs or defaults but had late payments on two unsecured credit facilities in the last 12 months. The case […]
Work is under way on a bespoke new housing development by Hull-based Hammond Homes in the North Lincolnshire village of Barnetby le Wold after a £750,000 deal was secured with SME funding specialist One Stop Business Finance. The King’s Park development is the fourth scheme by Hammond Homes and will see the construction of nine […]
Glasgow-based specialist residential childcare group, Inspire Scotland Ltd, have been supported with £4.5m in refinance and growth funding by leading alternative lender to mid-sized businesses, ThinCats. Established in 2012 by a group of passionate professionals with a diversity of experience in residential school care, foster care, criminal justice, inspection, and regulation, Inspire Scotland champions a […]
Still Waters Green Technology (“SWGT”), a leading independent battery energy storage system (“BESS”) asset manager in the UK, is pleased to announce the £12m non-recourse Phase One Financial Close with Santander UK, of a 30MW utility-scale, subsidy-free BESS asset in Swindon. It is the first project finance funding structure that has adopted a multi debt […]
Alternative Bridging Corporation has completed a refurbishment bridging loan within four days of receiving the initial application. The £250,000 loan was secured on a property in North London valued at £420,000 to finance the refurbishment of a shop and two flats above. The funds were required quickly to pay the builders to complete works to […]
Smiths News, previously Connect Group plc, has completed the refinance of £120m of existing loan facilities until 2023, whilst maintain an uninterrupted service to customers and communities across the UK during the Covid-19 pandemic. After de-merging from WH Smiths in 2006, Smiths News has been the leading distributor and wholesaler of newspapers and magazines in […]
Product designer Victoria Hamilton developed and founded Recoil Kneepads in 2013 after being inspired by her carpenter father, who suffers from arthritis and chronic pain. Developed for the professional trades and construction industry, Recoil Kneepads use a patented spring-loaded system that pivots, aiding movement. Scientific research has shown a 76% reduction in pressure on the […]
