The Bike Club, the UK’s first monthly kids bike subscription service, has today announced a new £7.5m debt facility funding with investment management firm, Triple Point. The purpose of the facility is to provide growth finance for the Bike Club – primarily for the purchase of new bikes in order to satisfy extraordinary levels of […]
Prospect Pubs & Bars, an operator of four pubs in the home counties, with a fifth due to open later in 2021, has a new injection of finance thanks to Cynergy Bank. Cynergy Bank provided Prospect Pubs & Bars with a £1.60m CBILS loan in November 2020 followed by another loan of £187,500 in June […]
Specialist business property adviser, Christie & Co, has advised on the strategic investment in Scottish dental group, Real Good Dental, from private equity firm, TriSpan, in a landmark deal. Founded in 2012 by Dr Satinder Dhami and Dr Jagdeep Singh Hans, Real Good Dental services over 350,000 patients across 46 mixed income practices located around […]
On a clear mission to bring an affordable, fully inclusive vegan, halal, dairy-free menu to the high street for the masses, the plant-based pioneers, Ready Burger, have just closed their first funding round with crowdcube, raising £2m, through 842 investors in return for 22.47% equity. Having mastered the science behind taste & texture of plant-based […]
Supply@ME Capital plc, the innovative fintech platform which provides the Inventory Monetisation© service to manufacturing and trading companies, is pleased to announce that, further to the announcement made on 26 May 2021, it has completed the acquisition of the entire issued share capital of TradeFlow Capital Management Pte. Ltd. (“TradeFlow”), the leading Singapore-based fintech-powered commodities […]
Digital archiving platform Arkivum is raising a new round of growth equity through the private equity investment firm Growthdeck as it seeks to help businesses preserve their data for the future, solving the growing problem of loss of valuable data through obsolescence and corruption. Arkivum is a cloud-based secure digital archiving and preservation platform that […]
Pluto Finance has closed £150m of new loans since it announced its target of £600m in new lending for 2021. In March, following the repayment of £300m from its loan book and a new capital injection, the specialist property lender put a target in place for a total of £600m of new lending for the […]
Arbuthnot Commercial Asset Based Lending (“ABL”) has completed a flexible £4.5m funding line to support the growth of THREE60 Energy; a private equity backed global energy services group. The structured ABL facility, which comprised a £3m accounts receivable line and a £1.5m cashflow loan, will fund the increased working capital requirement associated with the next […]
North East-based construction company, Tolent, has secured a £12m asset based lending (ABL) facility from Independent Growth Finance (IGF) to help strengthen its position after a challenging year. The asset-based funding was delivered at pace by IGF to provide the working capital and the flexibility needed to support the business as it overcomes the commercial challenges it faced due to the effects of the pandemic and the closure of its southern business in the same period. Securing a healthy future The business, which is expecting […]
A property development firm has used Aspen Bridging’s Light Development product to secure its latest investment and fund its conversation ahead of several bidders in a popular area of Greater London. The three-bedroom semi-detached property in Harrow received several offers within weeks of going on the market, and a reliable turnaround from application to completion […]
