Ribcraft, a highly respected British boatbuilding firm based in the South West has been acquired by Dubai based buyer Toby Adams, advised by the team at Ince Metcalfes. Ribcraft, based in Yeovil, Somerset, has gained an enviable reputation over the past 30 years as the leading global builder of custom and production rigid inflatable boats, […]
Bathgate Business Finance has secured £1.3m for a growing construction company, after its existing funder withdrew from the sector. Lancaster-based OEP Building Services turned to finance specialists Bathgate in February, following an introduction by Barclays, when it needed to increase its facility to ensure working capital funds were available in line with its output. Bathgate […]
Hunters Lodge, a boarding kennels and cattery based in Newport Pagnell, secured a £200k CBILS loan from Santander UK to support the business through the challenges brought about by coronavirus. The family run business covers 22 acres and offers a range of services for cat and dog owners across Buckinghamshire and Northamptonshire. As lockdown and […]
Malvern-based D-RisQ, has secured £360,000 from the Midlands Engine Investment Fund (MEIF) Equity Finance Fund, managed by Birmingham venture capital firm Midven. Founded in 2012, D-RisQ specialises in the development of automated software tools that improves system safety across a host of industries, including aerospace, automotive and security. The funds will enable D-RisQ to work […]
Limchester Properties are set to invest in a new buy-to-let property in the Bristol area thanks to the re-mortgaging of an existing property portfolio. Clive Mcnamara, director at Limchester Properties, reached out to loan broker, Just Contact, to identify a viable lending solution that would allow him to raise the £750,000 capital needed to invest […]
United Trust Bank (UTB) has agreed to refinance a development of 53 luxury apartments being undertaken by multi-award winning housebuilders Acorn Property Group. The Liner, in Falmouth, by Acorn Blue, bears all the hallmarks of a successful Acorn development combining an exceptional coastal location with stunning contempory design. With construction of the development well underway, […]
Arbuthnot Commercial Asset Based Lending (“ABL”) hit a significant milestone in its growth, after it passed £200m of lending since the business was launched just 28 months ago. New facilities written in the third quarter of 2020 totalled £40m, increasing the available book limits within the client portfolio to over £200m, spread across 25 different […]
A rapid four-day bridge from Aspen has enabled a property professional to exit an existing lender facility before incurring a 5% immediate default charge. The £422k, 75% LTV agreement was secured on a Multi-Unit Freehold Block (MUFB) of four tenanted studio flats in Wembley, all with separate Assured Shorthold Tenancy (AST) agreements. The case was […]
Leading alternative lender to mid-sized SMEs, ThinCats, has provided £1m in acquisition funding for Service Response Group Ltd to assist with the acquisition of the shares of CDC Facilities Management Ltd (CDCfm) and CPL FM Group Limited (CPL).* Formed 15 years ago, CDCfm has unique experience installing and maintaining cleanrooms and close control environments within […]
A Stirling country house and estate has diversified its business model and positioned itself for growth, thanks to a £200,000 funding package from Bank of Scotland. Gartmore House, built in the mid-18th century, is a 23-bedroom mansion house and activity centre offering group residential packages, conferences for up to 500 people, and craft activity workshops […]
