Arbuthnot Commercial Asset Based Lending Limited (“ABL”) has provided a structured ABL facility to support the management buy-out (MBO) of one of the UK’s leading manufacturers of carton board packaging products, Glossop Carton & Print (“Glossop Cartons”). The facility comprised of a confidential invoice discounting line, together with a plant & machinery term loan. The […]
#3rdgen lender, Octane Capital, today announced that Q1 2021 was its biggest quarter ever for completions, with £92m loaned — an increase of 121% on the fourth quarter of 2020. The completions were balanced evenly across all four of the lender’s categories: ‘product-less’ refurbs, bridging and developer exit loans, and its unique ‘zero stress-tested’ medium-term buy-to-let products. Highlighting the level […]
Aldermore bank has provided a £6.4m property development loan to returning customer, McIver Homes, an independent housebuilder and build-to-rent developer in the North East of England. The loan will finance the development of its Timber Quays site in Newcastle upon Tyne. Plans for the site consists of a new build seven storey property featuring 51 […]
The British Franchise Association (bfa) and Venture Marketing Group (VMG) have announced that they have entered into a landmark new Partnership to work in joint collaboration on both VMG’s Franchise portfolio and the bfa’s educational and promotional agenda. The bfa will continue to exclusively support VMG’s market leading franchise exhibitions. The exhibitions will feature VMG […]
First 4 Bridging (F4B) has partnered with Roma Finance to offer its introducers and intermediary partners access to a semi-exclusive bridging loan. Rates start from 0.65% up to a maximum LTV of 75% and a reduced arrangement fee of 1.85%. It is available for residential and refinance purposes, has a term of up to 24 […]
Tricky development sites are to get access to funding for site preparation and infrastructure with the launch of the £75m brownfield land release scheme today. The money includes £25m allocated to fund self and custom build projects which can be on both brown and greenfield land. Right to Build Task Force acting head Mary […]
Hope Capital has announced the launch of the Hope Capital Club (The HCC), offering a range of new benefits and opportunities for selected brokers who the firm want to acknowledge and recognise for their dedicated support to the company. The HCC provides exclusive benefits to a limited number of brokers, which includes the appointment of […]
ICON Corporate Finance’s April 2021 cybersecurity sector report explores the strong momentum in the cybersecurity market, where sector valuations have hit historic highs over the past 12 months. With cybercrime remaining a major threat, costing the global economy $600bn annually, ICON forecasts a record year for M&A and fundraising activity in the sector, driven by investors and acquirers ready to […]
Tech Nation, the leading growth platform for UK tech companies, in celebration of UK Fintech Week, today announces the latest companies joining the Future Fifty programme. Future Fifty is Europe’s leading late-stage growth programme, designed to bring together, empower and accelerate the growth of the most successful tech companies in the UK. Programme alumni include […]
Avatara Inc Ltd, owners of care home Casterbridge Manor, have been supported with a £1.5m refinance and acquisition funding package by leading alternative finance provider for mid-sized SMEs, ThinCats. Casterbridge Manor, set in the picturesque village of Cerne Abbas near Dorchester, is a 62 bed purpose built care home acquired by the company in 2016. […]
