Nucleus Commercial Finance, one of the UK’s leading fintech lenders, has today announced enhancements to its Business Growth Loans, helping to support more UK SMEs as lockdown restrictions are eased. The product, initially launched in March, was the industry’s first solution designed to support SMEs as the government’s Coronavirus Business Interruption Loan Scheme (CBILS) came […]
Independent business lender White Oak has announced record monthly lending figures in March, with £70m lending provided to 724 SMEs across the country, including £58m provided from its own book. 31 March was White Oak’s highest day of lending ever with £9m lent from its own book. The record month capped off a strong Q1 […]
A leading UK precision engineering firm has transferred ownership to an Employee Ownership Trust in an eight-figure deal as the business targets future growth, with support from Shawbrook Bank. Retrac Group’s new Employee Ownership Trust (EOT) takes full equity of the Swindon-based company from chairman Andy Carter, whose father established the business in 1972. The […]
Corinthian Brands (CBL) Limited, one the UK’s leading independent drinks manufacturers, has been supported with an eight-figure funding package for the MBO of St Helier Beverage Company Jersey Limited and its subsidiaries, by leading alternative finance provider for mid-sized SMEs, ThinCats. St Helier Beverage Company is the parent company of Corinthian Brands, with flagship alcoholic […]
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 […]
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 […]
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 […]
RCP Finance has finalised a debt facility which includes EVH Finance and Banor Capital for Bricks Group that allows completion of an eye-catching hotel – the first at Silverstone, the world-famous racetrack in Northamptonshire that hosts the Formula One British Grand Prix. The phased opening will be one of the most high-profile completions in the […]
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. […]
MunchFit, healthy food provider to luxury gym Equinox and elite studio Barry’s Bootcamp has closed £1.2m through a recent crowdfunding campaign via Crowdcube, after attracting substantial investor interest. Helping to accelerate training results by taking the guesswork out of what to eat, the upmarket goal-based meal service secured equity investment from 330 “Fitvestors” to take the business to the next level. MunchFit – […]
