JR Gilbert Engineering, the precision engineering company based in South Wales, has secured a £650,000 invoice finance facility from Santander UK to support its next phase of growth. The additional support will ensure that the business, established in 1983 and specialising in cutting, surface grinding and precision machining, has the working capital available to continue […]
HM Treasury figures reveal that nearly 1.5 million businesses across the country are now supported by the UK’s banking and finance industry with a total of £65.5bn in lending through government-backed Coronavirus lending schemes. Almost 1.4 million smaller businesses have now accessed financing as part of the Bounce Back Loan Scheme, with over 61,000 enterprises […]
Renewable energy consultancy, Electek Solutions Limited (ESL), is continuing its impressive growth with a short-term working capital injection from Reward Finance Group, to help meet the increasing demand for its services from across the UK and help win a major new contract. The Newcastle-based company audits companies’ energy performance and supplies and installs solutions to […]
Specialist lender Together rescued a £3m deal by providing a short-term loan in just four hours for an investor to buy an exclusive waterside property. Mathew Rees, director of a company which owns about 200 buy-to-let properties, was looking to expand his portfolio by buying the £2.85m, six-bedroom home in the Cornish holiday resort of […]
LendInvest, the UK’s leading platform for property finance, has funded the purchase of a HMO property in four days for an experienced landlord in West London. The borrower was seeking the purchase of a tenanted HMO, a ten bedroom house in West London. Due to the tight timeframe in which the borrower required funding, the […]
Specialist business property adviser, Christie & Co, has announced the sale of Meadow House, a vacant care home in Gorseinon, Swansea, to leading disabilities support operator, Achieve together. The business was previously owned by a local operator which entered administration in September 2019, at which point Mr Timothy Close of Milsted Langdon LLP was appointed […]
Asset finance company, Dawsongroup Finance, is helping logistics and material handling companies prepare for what is expected to be an unprecedented peak in Christmas shopping by enabling them to temporarily expand their fleets. The Ringwood-based asset finance company has won a major leasing contract worth £15m to supply delivery trucks and trailers to a supermarket […]
Fiduciam, the institutionally funded short-term lender to SMEs and entrepreneurs, has just completed a £1.18m loan to finance a popular hotel in Cornwall. The loan which falls under the Coronavirus Business Interruption Loan Scheme (CBILS), will enable the hotel to continue operating until the end of 2022. 2020 has been a year of contrasts at […]
Alphagreen – Europe’s leading marketplace for CBD and alternative healthcare products – has secured £1.1m of seed funding to help finance the roll out of new products and services alongside their expansion into the US. This is the largest amount raised to date in Europe for a CBD marketplace. Participants in the seed round included […]
Specialist business property adviser, Christie & Co, has announced the sale of Steps Residential Care in Rotherham, South Yorkshire, to Accrington-based healthcare provider, National Care Group (NCG). Established in 1999, Steps Residential Care is a CQC registered care home for people who require nursing or personal care for learning disabilities and physical disabilities. It employs […]
