Aspen has completed a £1.2m residential bridging loan for a British Virgin Islands (BVI) company which commenced a debt restructuring programme just prior to the coronavirus outbreak. The loan, which was completed at a rate of 0.89%pm flat rate with no exit fees over 12 months, was secured on a penthouse in the prestigious Pan […]
Specialist commercial finance broker, Christie Finance, has supported on the sale of two well-established Scottish Pharmacies, Eildon Pharmacy in Newtown St Boswells and Airth Pharmacy in Stirlingshire, to their existing Pharmacist Managers. Both businesses were sold by the same owner looking to pursue retirement. Eildon Pharmacy is a community pharmacy servicing Newtown St Boswells, Roxburghshire, […]
A group of popular Derbyshire restaurant hotels has secured a six-figure Coronavirus Business Interruption Loan Scheme (CBILS) loan from Lloyds Bank to help secure its future as it keeps its doors shut during the Covid-19 pandemic. The Boar’s Head in Draycott-in-the-Clay, The Lion Hotel in Belper and The Littleover Lodge Hotel in Littleover are owned […]
A Porth-headquartered utilities business is set for significant expansion as it looks to double sales in the next two years. Arch Drainage, which provides advanced diagnostics and drain repair services for businesses and local authorities across Wales and the South West, aims to boost its turnover to £3.9m by 2022. The expansion plans will see […]
The banking and finance industry has supported more than one million businesses through the three government-backed lending schemes in just over three months, figures published by HM Treasury today have revealed. Almost 1.02 million facilities worth £42.9bn have been approved through the Coronavirus Businesses Interruption Loans Scheme (CBILS), Bounce Back Loan Scheme (BBLS) and Coronavirus […]
A Worcestershire-based specialist steel fabrication business remains open with the support of Lloyds Bank and hopes to realise its expansion plans post-Covid-19. NHS supplier, All 4 One Engineering is continuing to process orders for the industrial roofing and cladding trades after working with the bank to secure a six-figure funding package via the government-backed Coronavirus […]
Arbuthnot Commercial Asset Based Lending (Arbuthnot Commercial ABL) has structured and delivered a flexible asset based lending (ABL) facility for Hill’s Panel Products, a leading supplier to the fitted furniture industry. The transaction, which was completed in just three and a half weeks, will provide an increased level of working capital to enable the business […]
A Merseyside family-owned supplier of uniform to the hospitality, spa and leisure sector is supporting the NHS with the production of PPE during the coronavirus pandemic with support from Lloyds Bank. Prescot-based Florence Roby specialises in the high-quality design and manufacture of uniforms across a range of sectors including hospitality, premium beauty, hotel, spa and […]
Bibby Financial Services (BFS) has provided a £9m Group funding facility to support the re-finance of Currie European Transport Ltd, a transport and storage solutions group made up of 7 trading companies across Scotland, England, the Netherlands and France. The group, which is headquartered in Dumfries, Scotland, is using the funding to support an ambitious […]
‘Product-less’ lender, Octane Capital, today announced it has completed a £2.6m bridge-to-let loan in just nine days to a client of specialist broker, PCF Financial Services (‘PCF’). The 2-year facility was made against a block of 47 unencumbered residential flats in Suffolk with a value of £5m. The borrower, an experienced and acquisitive landlord, wanted […]
