Aspen Bridging has completed a 72.5% LTV semi-commercial bridging loan for £425,000 in ten days, in the process overcoming complex legal issues to ensure a portfolio landlord saved their latest investment. The client had advanced £100k on the multi-use property on the Old Kent Road as an option to purchase in advance, however when another […]
Caple helps chip design and supply house EnSilica with access to unsecured lending Alternative SME credit specialist Caple has supported EnSilica, a leading bespoke chip design and supply firm, with a £3.7m fully unsecured loan. This will enable EnSilica to continue its expansion into high-growth sectors including automotive, space and the Internet of Things (IoT). […]
An alcoholic drinks brand with a focus on premium spiced rums has announced a partnership with Majestic Wines, a nationwide retailer of alcoholic beverages, after securing a five-figure investment from GC Business Finance. The partnership with Majestic Wines means its products will be sold online and throughout all 200 of its stores. Manchester-based Rockstar Spirits, […]
An engineering firm, which prefers to remain anonymous, had built an excellent reputation as specialists in the design, manufacture and installation of steel chimneys, as well as structural and architectural steelwork. Sadly, the uncertainty surrounding Brexit led to a fall in orders, added to which, contractual problems with a particularly large project caused cash flow […]
Santander InnoVentures, Santander Group’s fintech venture capital fund, has announced today it is leading an expansion funding round for cloud-based digital lending platform Roostify, which enables mortgages to be done via smartphone. Santander first invested in the company in February 2018 and this is its second investment. Founded in 2012, Roostify’s integrated digital lending platform […]
Lytham St Annes based energy and utility management specialists British Independent Utilities (BiU) will continue to increase its share of the corporate energy sector with a new tranche of funding from Santander Corporate & Commercial. The funding will enable the team to continue its investment in new service lines and technology, whilst optimising its business […]
A well-known Llanberis hotel has tripled its turnover, thanks to funding deals worth more than £85k in total, secured by finance specialists, Bathgate Business Finance. The Padarn Hotel received a transformational overhaul after being purchased by entrepreneurial couple, Lesley and Simon Wilson in 2016, with turnover now three times higher than when they acquired the […]
Together has completed a £2m bridging loan to keep a property investor’s plans on track. The customer was up against a tight deadline to complete the purchase of a Victorian grade II-listed former malt house, which was built in 1864 and had been previously converted into offices. His property investment company had a bridging loan […]
‘Product-less’ lender, Octane Capital, today announced it has passed £250m of redemptions since launching in 2017, with £125m in 2019 alone. A significant 40% of the redemptions since launch have been by way of sale, with 90% of the loans with a sale as their intended exit managing to achieve it, the rest refinancing. The […]
One of the region’s fastest growing automotive parts companies has expanded into new premises, following a £2.4m investment by the West Midlands Combined Authority (WMCA). Mayor of the West Midlands Andy Street, who chairs the WMCA, was given a tour of the new Park Sheet Metal base at Bermuda Business Park in Coventry to see […]
