ThinCats, the leading alternative lender to mid-sized SMEs has provided a total of £5.9m in funding facilities for two businesses backed by NVM Private Equity. £4.3m of the funding is in support of Secure Retail (Secure), a market leading provider of high security payment software and hardware, whilst £1.6m is for Mobius Networks Limited (MNL), […]
Formby-based MGYM Personal Training, an independent gym owned by an ex-professional footballer, has expanded following a funding package from Santander Business Banking. The business is owned by Michael Girvan, an ex-professional footballer for Wigan Athletic, who began working at the gym as a personal trainer in 2014. He purchased the business three years ago, during […]
Inotec AMD, a fast-growing medtech business that has developed an innovative device to heal and treat complex chronic wounds, has secured £7m in a funding round led by Praetura Ventures. The business has developed Natrox, a cutting-edge product that uses pure humidified oxygen to treat a range of chronic wounds, from diabetic and venous ulcers […]
Experian’s recently published annual M&A 2019 review revealed that UK deal values were down 43%, whilst volumes were down 13% on last year’s figures. This was perhaps inevitable given the unsettled UK political environment, especially in H2, and the global geopolitical landscape which caused greater caution amongst deal makers; this was particularly marked in the […]
In February, the number of registered investors on the European P2P platform Robo.cash reached 10,000. Remarkably, last year the geographical distribution of its users changed significantly, due to a large influx of investors from Bulgaria, Spain, Italy and Portugal. Currently, the P2P investment platform Robo.cash serves users across the EU and Switzerland. The five largest […]
Work-based learning provider Evolve Military College has launched a brand-new training centre in Bury after receiving a £95,000 investment from NPIF – BFS & MSIF Microfinance, a product managed by GC Business Finance & MSIF and part of the Northern Powerhouse Investment Fund (NPIF). Launched in 2016, the firm offers training for young people prior […]
Manchester based Streamline Marine Composite Developments has secured a £45,000 funding package from Santander UK to further diversify its product range, following a successful move into new sectors. The business was created in 2012 as a bespoke manufacturer of fibreglass water taxis. Just two years later the company increased its product range, offering unique solutions […]
Marketplace lender Assetz Capital has provided a loan in excess of £1m to Status Properties Ltd to help fund the development of new apartments on Union Street in Aberdeen. The loan will be used to convert the three upper floors of a listed building, formerly offices, into nine modern flats in the heart of Aberdeen. […]
Newly formed Manchester based property developer Northern Property Consortium (NPC) has embarked on its maiden project after agreeing a key short term finance deal worth £550,000 with leading independent SME funding specialist, One Stop Business Finance. The deal has enabled NPC, which was launched by highly experienced construction project manager Rick Parker, to deliver on […]
ThinCats, the leading alternative lender to mid-sized SMEs has facilitated a £1.8m loan to Furmanac Ltd, the UK’s largest adjustable bed manufacturer, based in Kingswinford, West Midlands. The funding will reduce Furmanac’s overall finance costs by refinancing a range of existing loans from multiple lenders and increase working capital to assist in their current growth. […]
