Aldermore has provided a £16.5m development finance loan to Citu for the next phase of its Kelham Central housing development in Kelham Island, Sheffield. The next phase of the development will be comprised of 68 additional low carbon homes, including a range of house types, plus two small commercial units. This marks the next chapter for […]
Cabot Square Capital has acquired a majority shareholding in Chartway Group, one of South-East England’s leading partnerships-based housebuilders. The investment is being made by Cabot Square’s existing portfolio company Public Sector Plc (PSP) to create a new merged Group. PSP is a specialist strategic asset manager that partners with public and private sector bodies to […]
British businesses have been helped to export to 61 countries around the world over the past year with £7.4bn of government support – providing a significant boost to jobs and the UK economy. The finance provided by UK Export Finance (UKEF) in 2021-22 supported 72,000 UK jobs and added a gross value of £4.3bn to […]
Independent Growth Finance (IGF)has provided BYBIwith a £1.9m asset-based lending (ABL) facility. The flexible facility will provide the working capital needed to accelerate their push into the US market, and to expand its range of ‘BYBI’ sustainable beauty products. BYBI began in 2015 as a DIY podcast focusing on natural beauty products. By recording this […]
finnCap Cavendish, part of finnCap Group plc, is pleased to announce it has advised on the sale of Lyco Group, one of the UK’s leading online distributors of lighting products, to efectoLED, the leading online lighting distributor in Southern Europe and a portfolio company of Miura Partners. The Lyco Group has been acquired by efectoLED, […]
West Sussex-headquartered cycling e-retailer The Rider Firm has put the wheels in motion to grow its business in the UK and US. The Rider Firm designs, engineers and e-retails premium bicycle components including carbon and alloy wheels, bikes and cycling accessories. Its wheel brand, Hunt, is its top seller. It also sells Privateer mountain bikes […]
Harmony Energy Income Trust plc, an externally managed company that invests in energy storage assets in Great Britain, has successfully agreed a debt facility of £60m with NatWest plc (the “Facility”) through a wholly owned subsidiary of the Company. The Facility comprises a five-year £60m facility with an initial margin of 300bps over SONIA, rising […]
Specialist business property adviser, Christie & Co, has announced the sale of Greenhill Park Residential Care Home in Evesham, Worcestershire. Greenhill Park Residential Care Home is registered for 34 service users. Its primary aim is that “residents live in a clean, comfortable and safe environment, and are treated with respect and sensitivity to their individual […]
Lanarkshire’s first centre dedicated to bouldering and climbing has launched after the business owner received specialist support, advice, and signposting to funding worth £8,000 from Business Gateway. Officially launched in early 2021, Hang On Climbing Centre provides over 180 routes of bouldering, a type of rock climbing performed on small rock formations or artificial rock walls. Leaving behind […]
Croft Communications is set for another strong year following impressive organic growth and a string of strategic acquisitions, most recently announcing the purchases of Active Voice and Data and Cloud9 to add to the other 9 completed over the past 2 years. The Hertfordshire based business, led by an award-winning team and accredited on the […]
30/05/2022
Edition 300 – May 2022
Regulator, heal thyself By Business Money group editor Robert Lefroy 30 years...
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