Crystal Specialist Finance (CSF) and MT Finance have completed a three week, £1.4m bridging finance deal for a foreign national to pay off a highly geared development finance arrangement. Having been served notice to complete, the client’s broker contacted the specialist distributor and explained that the money would be taken out against a vacant newbuild […]
Arbuthnot Commercial Asset Based Lending (“ABL”) has completed a £6.5m refinancing of MRO+ Solutions Group Limited (“MRO+ Solutions”). The funding package, which combines a £5m invoice discounting facility alongside a £1.5m term loan, provides consistent funding availability to the Group and also aligns with the growth projections contained in the Group’s strong business plan following […]
We Care Group, has received a £3.3m refinancing package from leading alternative lender to mid-sized SMEs, ThinCats. We Care Group acquired their first care home in 2007 and have built a group of 15 homes to date, providing 730 beds across the North and North West of England and employing more than 650 staff. The […]
Specialist business property adviser, Christie & Co, has announced the sale of a well-established dental practice in Chorleywood, Hertfordshire, to expanding dental group, Colosseum Dental UK. The business is a three-surgery private dental practice also offering endodontics, implants, periodontics, oral surgery and orthodontics. It sits in a detached three-storey property which has been fitted out […]
Aldermore bank has provided an entrepreneur with an invoice finance facility, enabling them to purchase housewares manufacturer, Pendeford Housewares. The deal included a Coronavirus Business Interruption Loan Scheme (CBILS) facility. Founded in 1958 by the vendor’s father, Pendeford Housewares manufactures an extensive range of products including: cookware, bakeware, microwavable plastics and ironing accessories. The company […]
MIME Technologies, a med-tech spin-out from the University of Aberdeen, has received £248,000 in funding from the Scottish government to help deliver technology that will support the heavily impacted aviation industry during its recovery from the pandemic. It will also drive new maritime med-tech solutions and create several skilled jobs in Scotland. Headquartered in Inverness, […]
RSM has advised Vince Ferguson OBE, founder of Inciner8, and the management team on their successful investment by Chiltern Capital. Inciner8 is a Southport-based designer and manufacturer of incinerators for a range of applications across the waste management industry. Chiltern has taken a majority stake in Inciner8 and will play an active role in supporting […]
Fairway International Travel (FIT), independent travel management company, has been supported by ThinCats, leading alternative finance provider for mid-sized SMEs, with £1.5m in working capital. Founded in 1991, FIT is an independent travel agency based in Halifax, West Yorkshire, specialising in providing travel for the professional golfers on the PGA European Tour, European Senior Tour […]
NAS Corporation, a specialist aviation firm based in Salisbury, has secured a six-figure CBILS loan from Santander UK to help the business through the challenges presented by Covid-19. The company provides solutions and project management to the airline, air freight and cargo industries, often to extreme destinations. Due to significant travel disruption caused by Covid-19, […]
Acting on behalf of Administrators, Quantuma LLP, specialist business property adviser, Christie & Co, has announced the sale of Caerleon House Nursing Home in Caerleon, Newport. Quantuma were appointed as Administrators in August 2019 and have overseen the running of the Caerleon House for over a year. The care home has traded successfully despite the […]
